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Today's Research Reports on Trending Tickers: Federal Home Loan Mortgage and Federal National Mortgage

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / October 22, 2018 / U.S. equities finished mostly lower on Friday as earlier gains due to upbeat corporate earnings were hamstrung by a weakness in housing sales. According to National Association of Realtors, housing sales were down 3.4 percent in August, the lowest level since November 2015. The Dow Jones Industrial Average gained 0.26 percent to close at 25,444.34, while the S&P 500 Index dropped 0.04 percent to close at 2,767.78. The Nasdaq Composite Index declined 0.48 percent to close at 7,449.03.

“The weakness among home builders is likely dragging us a down a bit today,” said vice president of investment strategy at E-Trade, Mike Loewengart. “Let’s not forget October is a spooky month for the markets, where big gains and losses can disappear quick. This truly is a dogfight between the bulls and the bears, and really between strong fundamentals and nagging issues right on the horizon. What we’re seeing though is some consolidation as the market tries to find its course,” Loewengart said.

RDI Initiates Coverage on:

Federal Home Loan Mortgage Corporation
https://rdinvesting.com/news/?ticker=FMCC

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Federal National Mortgage Association
https://rdinvesting.com/news/?ticker=FNMA

Federal Home Loan Mortgage's stock jumped 7.73% Friday, to close the day at $1.379. The stock recorded a trading volume of 2,076,807 shares, which was above its three months average volume of 1,274,526 shares. In the last year, Federal Home Loan Mortgage's shares have traded in a range of 1.20 - 3.15. The share price has gained 14.92% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $1.40 is below its 200-day moving average of $1.49. Shares of the company are trading at a Price to Earnings ratio of 4.72. Shares of Federal Home Loan Mortgage have fallen roughly 5.48 percent in the past month and are down 45.24 percent year-to-date.

Access RDI's Federal Home Loan Mortgage Corporation Research Report at:
https://rdinvesting.com/news/?ticker=FMCC

On Friday, shares of Federal National Mortgage recorded a trading volume of 2,645,968 shares, which was above the three months average volume of 2,538,282 shares. The stock ended the day 6.77% higher at $1.42. The share price has fallen 55.63% from its 52 week high with a 52 week trading range of 1.21 - 3.20. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $1.43 is below its 200-day moving average of $1.47. Shares of Federal National Mortgage have fallen roughly 4.05 percent in the past month and are down 46.42 percent year-to-date.

Access RDI's Federal National Mortgage Association Research Report at:
https://rdinvesting.com/news/?ticker=FNMA

Our Actionable Research on Federal Home Loan Mortgage Corporation (FMCC) and Federal National Mortgage Association (FNMA) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com