On a day when the market was mixed to down, Fannie Mae (FNMA) and Freddie Mac (FMCC) were both up about 5%. That got my attention, so I checked them out over the last 2-3 months. Seems like they've been trying to breakout, even hit $5.50/share this month. So I looked at the headlines over the last few weeks. At least all the writers think it's time to make a move. Bottom line, they're both victims of the housing bubble collapse of 7 years ago. Before that, these were $60-80/share stocks. They may never get there, but looking at how they're moving, I think it's time to dip my toes in that water...
Thursday, March 20, 2014
Fanny and Freddie... The Return
Posted by Tyrone Griffin at 11:38 AM 12 comments:
Tuesday, March 18, 2014
A few months ago, I started hearing rumors about Apple looking to make their next iPhone with sapphire glass, replacing the gorilla glass they're using now. Assuming that, makers of sapphire glass are about to get bumrushed with orders from Apple. Along the same lines as that rumor, GT Advanced Technologies (GTAT) appears to be Apple's choice to make the glass. On the strength of those 2 rumors I picked up some GTAT last week. It's up 6% just today. No investment is a sure thing, but Apple has already put a ton (relative to what's in my pocket) of money into this company, and Apple doesn't throw cash around for fun. My expectation is that this stock will at least double by year end, if not sooner.
Posted by Tyrone Griffin at 10:38 AM 14 comments:
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