-
Wunderlich Securities Maintains MFA Financial Hold, Lowers PT
Wednesday, August 3, 2011 - 10:54am | 94Wunderlich Securities maintained its MFA Financial (NYSE: MFA) Hold rating and lowered its MFA Financial price target from $8.25 to $7.50 in a research report published today. In the report, Wunderlich Securities states, "While we respect that value could be created in the future based on their...
-
Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
Wednesday, August 3, 2011 - 10:20am | 1361Dear Mr. Secretary: When the Committee last met in early May, the pace of economic growth had downshifted noticeably. Since then, growth has continued to disappoint, as second quarter real GDP advanced at only a 1.3% annual rate following a downward-revised pace in the first quarter of 0.4%....
-
Wunderlich Security's Price Target Changes 8/3
Wednesday, August 3, 2011 - 8:15am | 97Wunderlich Securities made a number of price target changes in a research report published today. Chimera Investment (NYSE: CIM) had its price target reduced from $3.75 to $3. On Tuesday, CIM closed the day at $3.13. Its shares added 0.69% to their value in today's pre-market trading to stand...
-
Jefferies Lowers PT On CIM to $3
Wednesday, August 3, 2011 - 7:09am | 102Jefferies has lowered its price target on Chimera Investment Group (NYSE: CIM) from $3.80 to $3, citing “limited opportunities.” In its report, Jefferies states, “With limited opportunities for capital deployment in the near term and increasing headwinds from the re-REMIC residual book, we remain...
-
Jefferies Raises PT on Annaly Capital To $17.50
Wednesday, August 3, 2011 - 6:58am | 28Jefferies & Company has raised the price target on Annaly Capital Management (NYSE: NLY) from $16 to $17.50 and maintains its Hold rating.
-
Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 12:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
-
Forex - USD/JPY rises in mid-day Asian trade
Tuesday, August 2, 2011 - 9:46pm | 356Forexpros – The Japanese yen extended losses against the U.S. dollar in Asian trade Tuesday, as the U.S. Senate voted to approve a measure to raise the nation’s debt ceiling, but weak economic numbers rekindled fears of continued slow U.S. growth. In mid-day Asian trade USD/JPY hit 77.40, the pair’...
-
Asian stocks tumble in early trade; Nikkei down 1.8%
Tuesday, August 2, 2011 - 9:15pm | 417Forexpros – Asian stocks fell sharply in early trade Wednesday, as investors paid less attention to the end of the U.S. debt impasse and more to signs of a slowdown in global economic growth.During early Asian trade, Hong Kong’s Hang Seng Index fell 2.6% to 21,883, Japan’s Nikkei 225 Index gave up...
-
Crude oil futures pare gains in Asian trade
Tuesday, August 2, 2011 - 7:42pm | 341Forexpros – Crude oil futures fell back from earlier gains Tuesday, following Senate passage of a bill to raise the U.S. debt ceiling and growing concerns of a slowdown in the economy of the world’s largest energy consumer.On the New York Mercantile Exchange light, sweet crude futures for September...
-
Sterne Agee Comments on Annaly Capital Management
Tuesday, August 2, 2011 - 1:28pm | 76Sterne Agee provided color on Annaly Capital Management (NYSE: NLY) in a research report published today. Sterne Agee has previously given Annaly a Neutral rating. In the report, Sterne Agee states, "We expect an extended period of low funding rates coupled by moderate prepayment activity will be...
-
Wunderlich Securities Maintains Chimera Investment Hold, Lowers PT
Tuesday, August 2, 2011 - 11:28am | 85Wunderlich Securities maintained its Chimera Investment (NYSE: CIM) Hold rating and lowered its Chimera Investment price target from $3.75 to $3 in a research report published today. In the report, Wunderlich Securities states, "We believe the company will be challenged to maintain its earnings...
-
Deutsche Bank Provides Color on Chimera
Tuesday, August 2, 2011 - 8:02am | 138Deutsche Bank provided color on Chimera (NYSE: CIM). In a research report published today, the rating agency commented on the company's Q2 results, which were below expectations. In the report, Deutsche Bank states, “Chimera's 2Q core earnings were two cents below our estimate and down a penny...
-
Wunderlich Maintains Buy on Annaly Capital Management
Tuesday, August 2, 2011 - 7:59am | 127Wunderlich is out with its report today on Annaly Capital Management (NYSE: NLY), maintaining Buy. In its report, Wunderlich writes, "Annaly Capital Management reported 2Q11 core EPS of $0.71, in line with our estimate of $0.68. The company also reported GAAP EPS of $0.14. Accounting requires...
-
Jefferies Maintains Hold on Chimera Investment
Tuesday, August 2, 2011 - 7:53am | 79Jefferies is out with its report today on Chimera Investment (NYSE: CIM), maintaining Hold. In its report, Jefferies writes, "CIM reported core 2Q11 EPS of $0.14, $0.01 below JEF and in line with consensus estimates. The portfolio remained static q/q and the stock appears to be in a holding...
-
Credit Suisse Updates 8/2
Tuesday, August 2, 2011 - 5:47am | 144Credit Suisse made a number of updates in a research report published today. Annaly Capital Management (NYSE: NLY) had its rating reiterated at Outperform. On Monday, NLY added 4.23% to its value to finish the day at $17.49. Its shares continued to climb in today's pre-market trading, rising 0.97...