"What's driving this market in the short term is earnings," said Atul Lele, Chief Investment Officer at Deltec International Group. "Earnings are being driven by the recent economic expansion, which we think still has room to run."
RDI Initiates Coverage on:
AGNC Investment Corp.
https://ub.rdinvesting.com/news/?ticker=AGNC
Annaly Capital Management Inc.
https://ub.rdinvesting.com/news/?ticker=NLY
AGNC Investment Corp.'s stock edged 0.43% higher Monday, to close the day at $21.18. The stock recorded a trading volume of 4,936,369 shares, which was above its three months average volume of 4,425,771 shares. In the last year, AGNC Investment Corp.'s shares have traded in a range of 17.30 - 22.34. The share price has gained 22.46% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $0.00 is at its 200-day moving average of $0.00. Shares of AGNC Investment Corp. have gained approximately 16.82 percent year-to-date.
Access RDI's AGNC Investment Corp. Research Report at:
https://ub.rdinvesting.com/news/?ticker=AGNC
On Monday, shares in Annaly Capital Management Inc. recorded a trading volume of 8,773,638 shares, which was below the three months average volume of 9,253,050 shares. The stock ended the day 0.84% higher at 12.03. The share price has gained 22.38% from its 52 week low with a 52 week trading range of 9.83 - 12.73.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $12.16 is greater than its 200-day moving average of $11.37. Shares of the company are trading at a Price to Earnings ratio of 4.50. Shares of Annaly Capital Management Inc. have gained approximately 20.66 percent year-to-date.
Access RDI's Annaly Capital Management Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=NLY
Our Actionable Research on AGNC Investment Corp. (NASDAQ:AGNC) and Annaly Capital Management Inc. (NYSE:NLY) can be downloaded free of charge at Research Driven Investing.
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