ParagonReport.com Complimentary Market Analysis on Fannie Mae (NYSE: FNM), Citigroup Inc. (NYSE: C), CIT Group Inc (NYSE: CIT), and Macy's (NYSE: M)

HONG KONG--(Marketwire - August 12, 2009) - Paragon is pleased to announce that its latest Market Update release analyzing major events involving:

-- Fannie Mae FNM is still on track to sell $1.25 trillion worth of securities combined with Freddie Mac to the Federal Reserve. -- Citigroup Inc. C led financials in advance of the Federal Reserve Policy decision due out this afternoon. -- CIT Group Inc CIT has bounced back in the markets despite asking for an extension in reporting Q2 numbers. -- Macy's Inc. M beat analyst expectations and revised UPWARDS their earnings forecast for the year.

Go to http://www.paragonreport.com for the full story and analysis on each of the companies above.

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