Thursday, August 22, 2013

Stock to Watch - August

It's been a little while since Marissa Mayer took over, but things seem to be going well @ Yahoo! (YHOO).  At least a lot better than they were a year ago.  The stock has doubled since September and it's been a nice, smooth climb.  It's now around $28/share, I think it's got a $40 by the end of the year.

As for Fannie (FNMA) & Freddie (FMCC), they're still about triple what they were in March, but they're also falling from where they were in May. To make matters worse, earlier this month the President urged they be shut down. There's the writing on the wall, then there's the movers taking out the office equipment. Unless something really crazy happens, I see them becoming less and less relevant.