Wall Street Fundamentals Releases New In-Depth Stock Reports on ARR, IVR, NLY and TWO
Mortgage REITs fell sharply last week on concerns that a better-than-anticipated jobs report would trigger the Federal Reserve to slow down its $85 billion in monthly bond purchases. On Friday, the Labor Department reported the U.S. added 195,000 jobs in June sending the yield on 10-year Treasury notes to a high of 2.719 percent, the highest since August 2011. Rising treasury rates has triggered a selloff amongst investors who flocked to the riskier high-yielding stocks as a result of the low interest rate environment.
ARMOUR Residential REIT, Inc. (NYSE: ARR) shares traded in the range of $4.19 to $4.36 Monday before settling to close at $4.30, down roughly 13 percent in the past month. The stock appears to be facing resistance at the $19.26 and $19.99 levels with some support at $17.99. Shares of ARMOUR Residential are down approximately 33.5 percent in 2013.
More information on ARMOUR Residential and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ARR
Invesco Mortgage Capital Inc. (NYSE: IVR) shares traded in the range of $14.92 to $15.62 Monday before settling to close at $15.49, down roughly 17.0 percent in the past month. The stock appears to be facing resistance at the $16.20, $17.97, and $18.36 levels. Shares of Invesco Mortgage Capital are down approximately 21.5 percent in 2013.
More information on Invesco Mortgage Capital and access to the free equity report can be found at:
www.WallStreetFundamentals.com/IVR
Annaly Capital Management, Inc. (NYSE: NLY) shares traded in the range of $11.29 to $11.93 Monday before settling to close at $11.86, down roughly 12.0 percent in the past month. The stock appears to be facing resistance at the $12.43 and $12.81 levels with some support at $11.77. Shares of Annaly Capital Management are down approximately 15.5 percent in 2013.
More information on Annaly Capital Management and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NLY
Two Harbors Investment Corp. (NYSE: TWO) shares traded in the range of $9.52 to $10.07 Monday before settling to close at $9.97, down roughly 9.0 percent in the past month. The stock appears to be facing resistance at the $10.25, $11.07, and $11.56 levels. Shares of Two Harbors Investment are down approximately 10.0 percent in 2013.
More information on Two Harbors Investment and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TWO
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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