BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Fannie Mae and Freddie Mac to Be Delisted]]>http://www.bloggingstocks.com/2010/06/16/fannie-mae-and-freddie-mac-to-be-delisted/http://www.bloggingstocks.com/2010/06/16/fannie-mae-and-freddie-mac-to-be-delisted/http://www.bloggingstocks.com/2010/06/16/fannie-mae-and-freddie-mac-to-be-delisted/#commentsFiled under: ,

Fannie Mae (FNM) announced Wednesday it told the Securities and Exchange Commission that it will delist its common and preferred stock. On Tuesday, the company was told that it no longer meets NYSE listing standards of minimum price of its common stock. Shares of FNM have traded below a $1 average price for the past 30 days, triggering NYSE rules for the company to either take action to boost its shares or to delist.

But it wasn't just the exchange's rules and regulations. The Federal Housing Finance Agency announced that it is directing both FNM and Freddie Mac (FRE) to delist their shares from the NYSE and any other national exchange.

Continue reading Fannie Mae and Freddie Mac to Be Delisted

Fannie Mae and Freddie Mac to Be Delisted originally appeared on BloggingStocks on Wed, 16 Jun 2010 09:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>delistdelistingfannie maefeaturedfnmfrefreddie macinthenewsNYSEWed, 16 Jun 2010 09:45:00 EST<![CDATA[Earnings Highlights: AIG, Chevron, Freddie Mac, Kraft Foods, Playboy, Visa ...]]>http://www.bloggingstocks.com/2010/05/08/earnings-aig-cvx-cvs-fre-grmn-kft-pla-v-wwe/http://www.bloggingstocks.com/2010/05/08/earnings-aig-cvx-cvs-fre-grmn-kft-pla-v-wwe/http://www.bloggingstocks.com/2010/05/08/earnings-aig-cvx-cvs-fre-grmn-kft-pla-v-wwe/#commentsFiled under: , , , , , ,

Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • American International Group Inc. (AIG) said its Q1 earnings doubled, easily topping analysts' expectations.
  • Cablevision Systems Corp. (CVC) said Q1 revenue grew, but disappointing earnings dragged down shares.
  • Chevron Corp. (CVX) had strong Q1 earnings and boosted its dividend, but Gulf spill concerns weighed on shares.
  • CVS Caremark Corp. (CVS) Q1 earnings topped consensus estimates but it also said same-store sales slipped.
  • Freddie Mac (FRE) said its lost $8 billion in Q1, less than a year ago, and requested further bailout funds.

Continue reading Earnings Highlights: AIG, Chevron, Freddie Mac, Kraft Foods, Playboy, Visa ...

Earnings Highlights: AIG, Chevron, Freddie Mac, Kraft Foods, Playboy, Visa ... originally appeared on BloggingStocks on Sat, 08 May 2010 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGCablevisionChevronCVCCVSCVXFREFreddie MacGarminKFTKraft FoodsMYGNMyriad GeneticsPLAPlayboySequenomSQNMVisaWWESat, 08 May 2010 11:40:00 EST<![CDATA[Freddie Loses $8 Billion and Seeks Another $10.6 Billion]]>http://www.bloggingstocks.com/2010/05/06/freddie-loses-8-billion-seeks-10-6-billion/http://www.bloggingstocks.com/2010/05/06/freddie-loses-8-billion-seeks-10-6-billion/http://www.bloggingstocks.com/2010/05/06/freddie-loses-8-billion-seeks-10-6-billion/#commentsFiled under: , ,

Freddie Mac logoDo you remember Freddie Mac (FRE)? This is a story for the record books. For years it was difficult to get a handle on Freddie's finances. When the meltdown occurred, Freddie was forced to bring $1.5 trillion onto its balance sheet. In one stroke of the pen this caused Freddie's net worth to plunge $11.7 billion.

With the $1.5 trillion on its books, Freddie has been showing losses. In the recent quarter, Freddie lost $8 billion, or $2.45 per share. That compares with a loss of $10.4 billion or $3.18 per share in the first quarter. This takes into account $1.3 billion in dividends paid to the Treasury Department.

Continue reading Freddie Loses $8 Billion and Seeks Another $10.6 Billion

Freddie Loses $8 Billion and Seeks Another $10.6 Billion originally appeared on BloggingStocks on Thu, 06 May 2010 12:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Fannie MaeFNMFREFreddie MacinthenewsThu, 06 May 2010 12:50:00 EST<![CDATA[Fannie Mae's Mortgage Delinquencies Climbed in December]]>http://www.bloggingstocks.com/2010/03/04/fannie-maes-mortgage-delinquencies-climbed-in-december/http://www.bloggingstocks.com/2010/03/04/fannie-maes-mortgage-delinquencies-climbed-in-december/http://www.bloggingstocks.com/2010/03/04/fannie-maes-mortgage-delinquencies-climbed-in-december/#commentsFiled under: , , , ,

Late Wednesday, Fannie Mae (FNM) confessed that delinquencies on loans in its single-family guarantee business increased to 5.38% in December, marking a steep increase from 2.42% in December 2008. The multifamily delinquency rate arrived at 0.63% for the final month of 2009, compared to 0.30% in December 2008.

Additionally, Fannie Mae reported that its mortgage investment portfolio contracted by 44.8% to $735.2 billion in January

Continue reading Fannie Mae's Mortgage Delinquencies Climbed in December

Fannie Mae's Mortgage Delinquencies Climbed in December originally appeared on BloggingStocks on Thu, 04 Mar 2010 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Fannie MaeFNMFREFreddie Macinthenewsinvestor sentimentmortgage delinquenciesoptionsshort sellerstechnical analysisThu, 04 Mar 2010 13:00:00 EST<![CDATA[Rep. Frank: We May Abolish Fannie Mae, Freddie Mac]]>http://www.bloggingstocks.com/2010/01/24/rep-frank-we-may-abolish-fannie-mae-freddie-mac/http://www.bloggingstocks.com/2010/01/24/rep-frank-we-may-abolish-fannie-mae-freddie-mac/http://www.bloggingstocks.com/2010/01/24/rep-frank-we-may-abolish-fannie-mae-freddie-mac/#commentsFiled under: , , ,

Chairman of the House Financial Services Committee Barney Frank said Friday at a hearing on executive compensation issues: "I believe this committee will be recommending abolishing Fannie Mae and Freddie Mac in their current form and coming up with a whole new system of housing finance."

This represents a turnaround for Representative Frank (D., Mass.), who has been a staunch supporter of Fannie Mae and Freddie Mac.

Continue reading Rep. Frank: We May Abolish Fannie Mae, Freddie Mac

Rep. Frank: We May Abolish Fannie Mae, Freddie Mac originally appeared on BloggingStocks on Sun, 24 Jan 2010 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Barney FrankFannie MaeFNMFREFreddie MacinthenewsSun, 24 Jan 2010 14:40:00 EST<![CDATA[Fed Profit Tops $50 Billion]]>http://www.bloggingstocks.com/2010/01/13/fed-profit-tops-50-billion/http://www.bloggingstocks.com/2010/01/13/fed-profit-tops-50-billion/http://www.bloggingstocks.com/2010/01/13/fed-profit-tops-50-billion/#commentsFiled under: , , , ,

The Federal Reserve picked up a $52.1 billion profit last year, a record for the organization. The result is due largely to its 2009 bailout efforts. Of the profit generated, $46.1 billion will be handed over to the Treasury Department -- the largest profit payment made since records began back in 1914. The previous record was $34.6 billion, in 2007. Last year, the Fed turned $31.7 billion over to the Treasury Department.

According to the Associated Press, the profit didn't come from the $700 billion lent to financial institutions -- and then to auto companies like General Motors. Rather, it was the result of earnings from the securities it had in its portfolio last year. Several investment programs were launched last year to help kickstart the U.S. economy and drive down rates on mortgages and consumer debt. Through the programs, the Fed bought $300 billion in government debt, and under another, it's on a trajectory to buy $1.25 trillion in Freddie Mac and Fannie Mae mortgage securities.

Continue reading Fed Profit Tops $50 Billion

Fed Profit Tops $50 Billion originally appeared on BloggingStocks on Wed, 13 Jan 2010 12:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>AIGamerican international groupBear StearnsDepartment of the Treasuryfannie maefeaturedfnmfrefreddie macgeneral motorsinthenewsjpmmortgage backed securitiesmortgagestarpTreasuryWed, 13 Jan 2010 12:00:00 EST<![CDATA[Closing Bell: Santa and Eggnog Preside over Stocks (IBM, BRK.A, UAUA, FNM, FRE AAPL)]]>http://www.bloggingstocks.com/2009/12/28/closing-bell-santa-and-egg-nog-preside-over-stocks-ibm-brk-a-u/http://www.bloggingstocks.com/2009/12/28/closing-bell-santa-and-egg-nog-preside-over-stocks-ibm-brk-a-u/http://www.bloggingstocks.com/2009/12/28/closing-bell-santa-and-egg-nog-preside-over-stocks-ibm-brk-a-u/#commentsFiled under: , , , ,

Today was a low volume trading day without much economic fanfare as many market participants were out or were talking about the Christmas holiday rather than the markets. The manufacturing output was reported for the Dallas and Chicago Fed Districts, but this in and of itself is rarely enough to heavily influence the markets. There will be more traders around on Tuesday and Wednesday most likely, but then it is likely to peter out again on Thursday ahead of the New Year's Day holiday this Friday. The markets were mixed throughout the trading day, and the real position for an up-close or down-close was something not known until the very end of the trading day.

Here are today's unofficial closing bell levels:

Dow 10,547.30 +27.20 (0.26%)
S&P 500 1,127.78 +1.30 (0.12%)
Nasdaq 2,291.08 +5.39 (0.24%)

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Continue reading Closing Bell: Santa and Eggnog Preside over Stocks (IBM, BRK.A, UAUA, FNM, FRE AAPL)

Closing Bell: Santa and Eggnog Preside over Stocks (IBM, BRK.A, UAUA, FNM, FRE AAPL) originally appeared on BloggingStocks on Mon, 28 Dec 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLBRK-AchicagochristmasdallasfeaturedFNMFREIBMmanufacturingUAUAMon, 28 Dec 2009 16:00:00 EST<![CDATA[It's $6 Million Each for Fannie and Freddie Chief Executives]]>http://www.bloggingstocks.com/2009/12/26/its-6-million-each-for-fannie-and-freddie-chief-executives/http://www.bloggingstocks.com/2009/12/26/its-6-million-each-for-fannie-and-freddie-chief-executives/http://www.bloggingstocks.com/2009/12/26/its-6-million-each-for-fannie-and-freddie-chief-executives/#commentsFiled under: , , , ,

'Tis the season to be greedy! Fannie Mae (FNM) CEO, Michael Williams, and Freddie Mac (FRE) CEO, Charles Halderman, will each receive $6 million in total compensation for 2009!

How would you like to work for a company that will guarantee every single loss you have. The U.S. Treasury said that they would absorb all losses for Fannie and Freddie for the next three years, if necessary.

Continue reading It's $6 Million Each for Fannie and Freddie Chief Executives

It's $6 Million Each for Fannie and Freddie Chief Executives originally appeared on BloggingStocks on Sat, 26 Dec 2009 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Ben BernankeCharles HaldermanFannie MaeFNMFREFreddie MacGeithnerinthenewsJohn MackMichael WilliamsMorgan StanleyMSSat, 26 Dec 2009 12:20:00 EST<![CDATA[Closing Bell: Give and take on FOMC Day (TMH, ACHN, INTC, AMD, NVDA, FNM, FRE, DPTR, PLA)]]>http://www.bloggingstocks.com/2009/12/16/closing-bell-give-and-take-on-fomc-day-tmh-achn-intc-amd-n/http://www.bloggingstocks.com/2009/12/16/closing-bell-give-and-take-on-fomc-day-tmh-achn-intc-amd-n/http://www.bloggingstocks.com/2009/12/16/closing-bell-give-and-take-on-fomc-day-tmh-achn-intc-amd-n/#commentsFiled under: ,

The markets were very mixed going into the close and which direction the closing bell was going to be was not known until right at the close. Core consumer inflation seems to still be contained, although oil rose sharply today on supply and refining concerns. Even the FOMC decision to keep rates at the near-zero policy and keeping the "extended time" phrase on for extremely low fed funds rates did not hurt the markets today.

Here were today's unofficial closing bell levels:

Dow 10,441.12 -10.88 (-0.10%)
S&P 500 1,109.18 +1.25 (0.11%)
Nasdaq 2,206.91 +5.86 (0.27%)

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Continue reading Closing Bell: Give and take on FOMC Day (TMH, ACHN, INTC, AMD, NVDA, FNM, FRE, DPTR, PLA)

Closing Bell: Give and take on FOMC Day (TMH, ACHN, INTC, AMD, NVDA, FNM, FRE, DPTR, PLA) originally appeared on BloggingStocks on Wed, 16 Dec 2009 16:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>achillionACHNAMDdelta petroleumDeltaPetroleumDPTRFNMFREINTCNVDAPLAplayboyTMHWed, 16 Dec 2009 16:15:00 EST<![CDATA[Closing Bell: Deals drive home (AMGN, S, IPCS, CIT, FNM, FRE)]]>http://www.bloggingstocks.com/2009/10/19/closing-bell-deals-drive-home-amgn-s-ipcs-cit-fnm-fre/http://www.bloggingstocks.com/2009/10/19/closing-bell-deals-drive-home-amgn-s-ipcs-cit-fnm-fre/http://www.bloggingstocks.com/2009/10/19/closing-bell-deals-drive-home-amgn-s-ipcs-cit-fnm-fre/#commentsFiled under: , , ,

Despite a cautious report from home builders and despite a low volume day, today marked a clear win for the S&P 5000 and for the DJIA. The S&P broke through 1,100 and the DJIA broke through 11,000. We also had two mergers this morning, and while small they are signs that companies are willing to merge once more.

Here were today's closing bell levels:

Dow 10,090.76 +94.85 (0.95%)
S&P 500 1,097.52 +9.84 (0.90%)
Nasdaq 2,175.83 +19.03 (0.88%)

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Continue reading Closing Bell: Deals drive home (AMGN, S, IPCS, CIT, FNM, FRE)

Closing Bell: Deals drive home (AMGN, S, IPCS, CIT, FNM, FRE) originally appeared on BloggingStocks on Mon, 19 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>carl icahnCarlIcahncomplete response letterCompleteResponseLetterfdaFREIPCSosteoporosisproliaMon, 19 Oct 2009 16:00:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....]]>http://www.bloggingstocks.com/2009/10/19/analyst-upgrades-downgrades-and-initiations-axp-hal-el-mat/http://www.bloggingstocks.com/2009/10/19/analyst-upgrades-downgrades-and-initiations-axp-hal-el-mat/http://www.bloggingstocks.com/2009/10/19/analyst-upgrades-downgrades-and-initiations-axp-hal-el-mat/#commentsFiled under: , , , , , , , , , , ,

Analyst upgrades:
  • American Express (NYSE:AXP) was upgraded to Market Perform from Underperform at FBR Capital, as the firm sees limited near-term downside in the stock. The firm raised its target price on the shares to $37 from $25.
  • RBC Capital upgraded Estee Lauder (NYSE:EL) to Outperform from Sector Perform. Target to $44 from $34. UBS upgraded Nestle on expectations the company will begin returning cash to shareholders via buybacks and dividends.
  • Piper Jaffray raised Dicks Sporting (NYSE:DKS) to Neutral from Underweight following positive channel checks and raised its target on the shares to $28 from $18.
  • Sohu.com (NASDAQ:SOHU) was upgraded to Neutral from Sell by Pali Capital.
  • Halliburton (NYSE:HAL) was raised to Buy from Hold by Natixis.
  • Sunpower (NASDAQ:SPWRA) was upgraded to Neutral from Underperform at Macquarie.
  • China Automotive (NASDAQ:CAAS) was upgraded to Buy from Neutral at Merriman.

Continue reading Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT....

Analyst upgrades, downgrades and initiations: AXP, HAL, EL, MAT, CAT.... originally appeared on BloggingStocks on Mon, 19 Oct 2009 12:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>acnaxpcaascatcfndedksdoxelffchfnmfrehaljoygluvmarvlmatprxsohusonspwraMon, 19 Oct 2009 12:50:00 EST<![CDATA[Cramer on BloggingStocks: Here comes the death of the bearish funds ]]>http://www.bloggingstocks.com/2009/09/30/cramer-on-bloggingstocks-here-comes-the-death-of-the-bearish-fu/http://www.bloggingstocks.com/2009/09/30/cramer-on-bloggingstocks-here-comes-the-death-of-the-bearish-fu/http://www.bloggingstocks.com/2009/09/30/cramer-on-bloggingstocks-here-comes-the-death-of-the-bearish-fu/#commentsFiled under: , , , , , , , ,

TheStreet.com's Jim Cramer says this year will see the mirror image of last year, when redemptions ended the game for many managers.

One year ago today, a quarter ended that put hundreds of bullish hedge funds out of business. Today, a quarter ends that will put hundreds of bearish hedge funds out of business.

Oh, sure, last year some of the bulls were able to stumble through the fourth quarter, but October was a horror show and they ended up getting huge redemption letters and spending the rest of 2008 selling into the strength of the rally to return capital to investors and lock in losses.

Continue reading Cramer on BloggingStocks: Here comes the death of the bearish funds

Cramer on BloggingStocks: Here comes the death of the bearish funds originally appeared on BloggingStocks on Wed, 30 Sep 2009 09:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredfrejim cramerJimCramermtgWed, 30 Sep 2009 09:50:00 EST<![CDATA[Cramer on BloggingStocks: Worse after Lehman? Are you kidding me? ]]>http://www.bloggingstocks.com/2009/09/14/cramer-on-bloggingstocks-worse-after-lehman-are-you-kidding-me/http://www.bloggingstocks.com/2009/09/14/cramer-on-bloggingstocks-worse-after-lehman-are-you-kidding-me/http://www.bloggingstocks.com/2009/09/14/cramer-on-bloggingstocks-worse-after-lehman-are-you-kidding-me/#commentsFiled under: , , , , , , , , , ,

TheStreet.com's Jim Cramer says everyone in the trenches knows we're better off now -- only the academics disagree.

Am I nuts, or am I missing something? One year after the financial system was brought to its knees, we are back in the mid-9000s and we have taken off the table massive bank risk and are well on our way to recovery.

I keep listening to people like Nobel Prize winner Joseph Stiglitz say the banking system is worse off now and I say to myself, "That's just stupid and wrong and anti-empirical and actually just silly." Anyone who knows what's really going on has to feel this way. And where was Stiglitz when some of us were running around trying to save things?

Continue reading Cramer on BloggingStocks: Worse after Lehman? Are you kidding me?

Cramer on BloggingStocks: Worse after Lehman? Are you kidding me? originally appeared on BloggingStocks on Mon, 14 Sep 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>corsfeaturedfitbfrehbanjim cramerJimCramerlehman brothersLehmanBrotherszionMon, 14 Sep 2009 10:00:00 EST<![CDATA[Fannie Mae, Freddie Mac plunge on MBA's proposed overhaul]]>http://www.bloggingstocks.com/2009/09/02/fannie-mae-freddie-mac-plunge-on-mbas-proposed-overhaul/http://www.bloggingstocks.com/2009/09/02/fannie-mae-freddie-mac-plunge-on-mbas-proposed-overhaul/http://www.bloggingstocks.com/2009/09/02/fannie-mae-freddie-mac-plunge-on-mbas-proposed-overhaul/#commentsFiled under: , ,

If you're wondering why Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) have been bombarded by selling pressure today, look no further than this Wall Street Journal article (subscription required). The newspaper reports that the Mortgage Bankers Association (MBA) is pushing for the government to split up Fannie and Freddie "into several smaller privately held companies that would issue mortgage related securities carrying an explicit government guarantee."

Under the terms of the proposal, Fannie and Freddie's offspring would no longer be permitted to sit on massive mortgage portfolios. Additionally, all mortgage-backed securities created by the duo would be backed by a federal insurance fund, replacing the rather abstract implied government guarantee that's currently in place.

Continue reading Fannie Mae, Freddie Mac plunge on MBA's proposed overhaul

Fannie Mae, Freddie Mac plunge on MBA's proposed overhaul originally appeared on BloggingStocks on Wed, 02 Sep 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Fannie MaeFNMFREFreddie MacinthenewsJohn CoursonMBAMichael BermanMortgage Bankers AssociationoptionsWed, 02 Sep 2009 12:00:00 EST<![CDATA[Cramer on BloggingStocks: Reasonable speculation]]>http://www.bloggingstocks.com/2009/08/27/cramer-on-bloggingstocks-reasonable-speculation/http://www.bloggingstocks.com/2009/08/27/cramer-on-bloggingstocks-reasonable-speculation/http://www.bloggingstocks.com/2009/08/27/cramer-on-bloggingstocks-reasonable-speculation/#commentsFiled under: , , , , , , ,

TheStreet.com's Jim Cramer says the bizarre rules these days make it worth looking at stocks through a different lens.

How much should we care about low-dollar speculation? How much should we care about the incessant trading in CIT (NYSE: CIT) (Cramer's Take) and Fannie Mae (NYSE: FNM) (Cramer's Take), Alcatel-Lucent (NYSE: ALU) (Cramer's Take), or Vonage (NYSE: VG) (Cramer's Take) and Sprint (NYSE: S) (Cramer's Take)? Or even Citigroup (NYSE: C) (Cramer's Take)?

First, I have to tell you that I worry about it less than I used to. Why? Because when we used to have rules and government officials that were willing to speak the truth about stocks, we wouldn't have these single-digit players out there every day. But without it, how in heck can people not believe that Fannie and Freddie Mac (NYSE: FRE) (Cramer's Take) are the biggest and best bets on a turn in housing?

Continue reading Cramer on BloggingStocks: Reasonable speculation

Cramer on BloggingStocks: Reasonable speculation originally appeared on BloggingStocks on Thu, 27 Aug 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGAlcatel-LucentALUCITCitigroupDoug KassFannie MaeFannieMaefeaturedFNMFREFreddie MacRobert BenmoschespeculationSprintVGVonageThu, 27 Aug 2009 09:30:00 EST<![CDATA[Closing Bell: Bear burgers for all!!! (STP, T, INTU, CRM, FNM, FRE)]]>http://www.bloggingstocks.com/2009/08/21/closing-bell-bear-burgers-for-all-stp-t-intu-crm-fnm-f/http://www.bloggingstocks.com/2009/08/21/closing-bell-bear-burgers-for-all-stp-t-intu-crm-fnm-f/http://www.bloggingstocks.com/2009/08/21/closing-bell-bear-burgers-for-all-stp-t-intu-crm-fnm-f/#commentsFiled under: , , , ,

Today was an options expiration date, and the stocks closed higher. We had strength early on from Europe, but then some very surprisingly good housing data caused added cheer. The data was taken as permanent, but much still points toward the bump up being temporary. Even a negative call for 222 more bank closures by Meredith Whitney failed to jolt the markets.

Here were today's unofficial closing bell levels:

Dow 9,502.33 +152.28 (1.63%)
S&P 500 1,025.68 +18.31 (1.82%)
Nasdaq 2,020.36 +31.14 (1.57%)

Continue reading Closing Bell: Bear burgers for all!!! (STP, T, INTU, CRM, FNM, FRE)

Closing Bell: Bear burgers for all!!! (STP, T, INTU, CRM, FNM, FRE) originally appeared on BloggingStocks on Fri, 21 Aug 2009 16:09:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank closingseuropean stocksFREhousing dataoptions expiration dateFri, 21 Aug 2009 16:09:00 EST<![CDATA[Why is the Federal Reserve still spending your money buying mortgage backed securities?]]>http://www.bloggingstocks.com/2009/08/11/why-is-the-federal-reserve-still-spending-your-money-buying-mort/http://www.bloggingstocks.com/2009/08/11/why-is-the-federal-reserve-still-spending-your-money-buying-mort/http://www.bloggingstocks.com/2009/08/11/why-is-the-federal-reserve-still-spending-your-money-buying-mort/#commentsFiled under: ,

We need a little background here. The US Federal Reserve has pledged to spend $12.2 trillion dollars to bail out the banks and financial institutions.

We have a mysterious set of circumstances taking place at the Fed. First off, our banks are now out of the woods, with some of them making billions in profits.

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).

Here's the kicker. The Fed intends to buy another $600 billion of mortgage backed securities.

Continue reading Why is the Federal Reserve still spending your money buying mortgage backed securities?

Why is the Federal Reserve still spending your money buying mortgage backed securities? originally appeared on BloggingStocks on Tue, 11 Aug 2009 14:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>fnmfreTue, 11 Aug 2009 14:30:00 EST<![CDATA[Cramer on BloggingStocks: From froth to investible ]]>http://www.bloggingstocks.com/2009/08/11/cramer-on-bloggingstocks-from-froth-to-investible/http://www.bloggingstocks.com/2009/08/11/cramer-on-bloggingstocks-from-froth-to-investible/http://www.bloggingstocks.com/2009/08/11/cramer-on-bloggingstocks-from-froth-to-investible/#commentsFiled under: , , , , , , ,

TheStreet.com's Jim Cramer says many stocks, considered frothy at one time, have turned into good turnaround stories.

Here's still one more version of a short-seller's nightmare. What happens when froth turns to investible? What happens when you see behavior that clearly indicates froth and then, somehow, the fundamentals change, and the stock takes off?

We have seen that recently in so many situations that it is pretty dazzling. It was one thing to see Genworth (NYSE: GNW) (Cramer's Take) back from the dead on its own.

Continue reading Cramer on BloggingStocks: From froth to investible

Cramer on BloggingStocks: From froth to investible originally appeared on BloggingStocks on Tue, 11 Aug 2009 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aigcitetfcfeaturedfitbfnmfregnwhbanjim cramerJimCramerkeyrfzionTue, 11 Aug 2009 10:10:00 EST<![CDATA[Closing Bell: Selling for selling's sake (LOGM, AMR, CVX, FRE, FNM, MSFT)]]>http://www.bloggingstocks.com/2009/08/10/closing-bell-selling-for-sellings-sake-logm-amr-cvx-fre-f/http://www.bloggingstocks.com/2009/08/10/closing-bell-selling-for-sellings-sake-logm-amr-cvx-fre-f/http://www.bloggingstocks.com/2009/08/10/closing-bell-selling-for-sellings-sake-logm-amr-cvx-fre-f/#commentsFiled under: , , ,

Today was one of those Monday trading session that had no real direction and no real data to digest on a macro basis. So traders decided to lighten up after the big runs we have seen, particularly after four weeks of the markets rallying. There is also probably a sense of locking in some gains in case the two day FOMC meeting this week starts to take on a less free-money tone. Here were today's unofficial closing bell levels:
DJIA: 9337.18(-0.34%)
S&P500: 1005.89 (-0.46%)
NASDAQ:1992.24(-0.40%)

Top Analyst Calls:

LogMeIn Inc. (NASDAQ: LOGM) saw its quiet period end after its July 1 IPO date. Most analysts gave it a positive outlook and favorable rating, yet shares were down over 6% at $16.80 very late in the trading session.

AMR Corp. (NYSE: AMR) was weak all day. The parent of American Airlines may have more regulatory reviews as it and British Air will have to face a review over the Oneworld Alliance in antitrust matters at a joint hearing next month. Shares were down 4% at $5.71 in the final minutes of the day.

Continue reading Closing Bell: Selling for selling's sake (LOGM, AMR, CVX, FRE, FNM, MSFT)

Closing Bell: Selling for selling's sake (LOGM, AMR, CVX, FRE, FNM, MSFT) originally appeared on BloggingStocks on Mon, 10 Aug 2009 16:05:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>amrcvxfnmFRELOGMmsftMon, 10 Aug 2009 16:05:00 EST<![CDATA[White House wants to split assets of Freddie and Fannie]]>http://www.bloggingstocks.com/2009/08/06/white-house-wants-to-split-assets-of-freddie-and-fannie/http://www.bloggingstocks.com/2009/08/06/white-house-wants-to-split-assets-of-freddie-and-fannie/http://www.bloggingstocks.com/2009/08/06/white-house-wants-to-split-assets-of-freddie-and-fannie/#commentsFiled under: , ,

The government is in another pickle. Last September, Freddie and Fannie were effectively nationalized when the Fed stepped in and promised to buy $100 billion of preferred shares in each company and created warrants effectively diluting existing shareholder holdings.

Now the government finds that they have taken on a mountain of debt and wants out of this mess. According to the Washington Post, talks are underway to split the assets of the two companies along the lines of good bank/bad bank.

Continue reading White House wants to split assets of Freddie and Fannie

White House wants to split assets of Freddie and Fannie originally appeared on BloggingStocks on Thu, 06 Aug 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Fannie MaeFNMFREFreddie MacinthenewsThu, 06 Aug 2009 11:40:00 EST