New 52-week Low for SuperMedia, Duoyuan Global, and Fannie Mae

52-Week Lows

Case of the Monday's for shares of SuperMedia Inc. (NASDAQ:SPMD), Duoyuan Global Water Inc. (NYSE:DGW), and Fannie Mae (NYSE:FNM) -- all three companies have hit new 52-week lows.

Fannie and Freddie Shares Jump 7%

Freddie (NYSE:FRE) and Fannie (NYSE:FNM)

Shares of Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) are up 7% today after taking a massive beating last week.  Today Freddie shares are at 50 cents and Fannie are at 44 cents.

Freddie Mac and Fannie Mae Bill Now at $145 Billion

Freddie (NYSE:FRE) and Fannie (NYSE:FNM)

Both Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM) shares gained 3.88% today despite being tagged with the most expensive taxpayer bill ever to be bailed out by the U.S. Government.

News: Goldman Sachs, Fannie Mae, and Royal Bank of Scotland (NYSE:RBS),(NYSE:FNM),(NYSE:GS)

stocks.jpg

Goldman Sachs provided a more detailed view of its legal troubles Monday, acknowledging it faces a series of government probes over some of its business dealings. 

In the News: Bunge (NYSE:BG), Ambac Financial (NYSE:ABK), and Fannie Mae (NYSE:FNM)

Volume-Up.jpg

Shares of Bunge (NYSE:BG) have been falling for more than two weeks, but the big option trade yesterday was bullish.

Tim Geithner on Bloomberg (NYSE:FRE),(NYSE:FNM)

Freddie (NYSE:FRE) and Fannie (NYSE:FNM)
Embedded Video: 

Today (April 2nd) Treasury Secretary Timothy Geithner talked with Bloomberg's Peter Cook about the outlook for the U.S. economy and touched on Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM).  Geithner said the U.S. economy is showing signs of entering a period of sustainable growth as companies begin to hire.

Fannie-Freddie Hit with New Record Delinquencies (NYSE:FNM),(NYSE:FRE)

fanniemae.jpg

The burst of the housing bubble hit Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) has as their stock values are approaching penny-stock levels.  The bad news seems to keep rolling in for the financial lending firms too.

Fannie-Freddie Fear ARM Resets (NYSE:FNM),(NYSE:FRE)

fanniemae.jpg

Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) appear to have extended their Home Affordable Refinance Program (HARP) because of upcoming option ARMs that will either reset or recast between 2010 and 2012.  The latest outlook is for $1 trillion to be reset/recast in the next few years.

Fannie Mae Continues to Burn through Cash (FNM)

fanniemae.jpg

Fannie Mae (NYSE:FNM) continues to burn through cash like a forest fire gone wild, to the tune of $16 billion per quarter.  Shares of Fannie are down a penny today and are trading at 98 cents per share.

Fannie Mae Needs More Aid (NYSE:FNM)

in
fanniemae.jpg

It seems that all the government aid provided to Fannie Mae (NYSE:FNM) still is not quite enough.  The $60B provided to date is going to need another subsidy and the bailout is turning out to be quite expensive.  Fannie is going to need another $15B in federal assistance.

Syndicate content

WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary




Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details