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Back in April, I wrote that Annaly Capital Management (NYSE:NLY) looked well positioned for when the MBS market turns. From a total return perspective, the stock is up about 5% since then. Let’s take a closer look. Company Profile As a quick reminder, NLY is mortgage REIT that invests in…
Commerzbank is hoping to announce a second, larger share buyback after its half-year results at the start of August, the bank’s chief financial officer has told the Financial Times.Germany’s second-largest listed lender more than tripled net profit to €1.4bn last year and in June began the first buyback in its…
It’s the United States of America v. Donald J. Trump. For the first time in history, the nation is seeking to put on criminal trial a person who was elected to lead it as president. Trump is due in court in Miami on Tuesday to answer a 37-count indictment that…
The S&P 500 index is in a bull market, volatility is very low, and more stocks are rising than in recent months. There must be nothing going on to worry investors, huh? Not a thing, apparently. The S&P 500 added 0.4% this past week; the Dow Jones Industrial Average, 0.3%;…
You can do the opposite of a losing strategy and still lose. That’s important to keep in mind when considering whether to take the opposite side of trades recommended by losing advisers. Given that the vast majority of investment advisers and fund managers lag the market, doing the mirror opposite…
Good news for house sellers. Bad news for buyers. U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last two years. Expectations for growth in median home prices increased to 2.6% in May from 2.5% in April, the highest reading since July 2022,…
The markets and many economists expect the Federal Reserve to keep rates unchanged this week while keeping the door open for a hike as soon as the next meeting in July — a “hawkish pause” that some Fed officials are calling a “skip.”“We expect there to be close to full…
© Reuters. FILE PHOTO: The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly// WASHINGTON (Reuters) -Texas won the latest round in its antitrust lawsuit against Alphabet (NASDAQ:)’s Google on Monday as a U.S. judicial panel ordered…
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose over 2% on Friday after the U.S. Congress passed a debt ceiling deal that averted a government default in the world’s biggest oil consumer and jobs data fueled hopes for a possible pause in Federal Reserve interest rate hikes. The focus…