Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Pre-Market Technical Recap on Mortgage Investment Stocks -- Ally Financial, Ocwen Financial, Santander Consumer USA, and Walter Investment Management

ONIT

PR Newswire

NEW YORK, July 28, 2017 /PRNewswire/ --

If you want a Stock Review on ALLY, OCN, SC, or WAC then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com is currently observing the Mortgage Investment space, which includes companies that focus primarily on investing in mortgaged-backed securities and other real estate activities. Many companies within this industry are organized as real estate investment trusts, resulting in a high-average dividend yield for the sector. Equities to assess are Ally Financial Inc. (NYSE: ALLY), Ocwen Financial Corp. (NYSE: OCN), Santander Consumer USA Holdings Inc. (NYSE: SC), and Walter Investment Management Corp. (NYSE: WAC). Daily Stock Tracker provides great insights on these stocks in its free research reports at:
http://dailystocktracker.com/register/

Ally Financial 

Detroit, Michigan headquartered Ally Financial Inc.'s shares jumped 4.93%, finishing Thursday's trading session at $22.78. A total volume of 7.45 million shares was traded, which was higher than their three months average volume of 4.56 million shares. In the last month and the previous three months, the stock has advanced 8.53% and 13.00%, respectively. Additionally, the Company's shares have gained 19.77% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 12.84% and 13.08%, respectively. Moreover, shares of Ally Financial, which provides a range of financial products and services for consumers, businesses, automotive dealers, and corporate clients in the US, have a Relative Strength Index (RSI) of 72.83.

On July 19 th, 2017, Ally Financial's Board of Directors declared a quarterly cash dividend of $0.12 per share of the Company's common stock, payable on August 15th, 2017, to shareholders of record on August 01st, 2017. Free research report on ALLY is available at:
http://dailystocktracker.com/registration/?symbol=ALLY


Ocwen Financial 

On Thursday, shares in West Palm Beach, Florida headquartered Ocwen Financial Corp. recorded a trading volume of 3.51 million shares, which was above their three months average volume of 2.94 million shares. The stock ended the session 6.55% higher at $3.09. The Company's shares have gained 10.36% in the last one month and 38.57% over the previous three months. The stock is trading 13.67% above its 50-day moving average. Furthermore, shares of Ocwen Financial, which engages in the servicing and origination of mortgage loans in the US, have an RSI of 71.80.

On July 26 th, 2017, Ocwen Financial announced that it will hold a conference call on August 02 nd, 2017, at 8:30 a.m. ET to review Q2 2017 operating results. These events will follow the Company's Q2 2017 earnings release. The earnings release will be available on the Company's website. The complimentary research report on OCN can be downloaded at:
http://dailystocktracker.com/registration/?symbol=OCN


Santander Consumer USA  

Shares in Dallas, Texas headquartered Santander Consumer USA Holdings Inc. closed at $13.46, up 0.15% from the last trading session. The stock recorded a trading volume of 3.66 million shares, which was above its three months average volume of 2.35 million shares. The Company's shares have gained 8.64% in the last one month and 2.75% over the previous three months. The stock is trading 9.64% and 2.81 above its 50-day and 200-day moving averages, respectively. Additionally, shares of Santander Consumer USA, which provides vehicle finance and third-party servicing in the US, have an RSI of 62.97.

On July 13 th, 2017, Santander Consumer USA announced an update to its Q2 2017 earnings release date from the previously planned July 27th, 2017, to July 28th, 2017, in order to align with the change in the Banco Santander, S.A.'s Q2 2017 earnings release date. Management will host a conference call and webcast at 9:00 a.m. ET on that same day to discuss the Company's results and other general matters. 

On July 18 th, 2017, research firm JMP Securities upgraded the Company's stock rating from 'Market Perform' to 'Market Outperform'. Visit DailyStockTracker.com today and access our complete research report on SC at:
http://dailystocktracker.com/registration/?symbol=SC


Walter Investment Management 

Tampa, Florida-based Walter Investment Management Corp.'s stock ended 2.57% higher at $0.76 with a total trading volume of 210,958 shares. The Company's shares are trading below their 50-day moving average by 24.33%. Shares of the Company, which operates as an independent servicer and originator of mortgage loans, and a servicer of reverse mortgage loans in the US, have an RSI of 41.19.

On July 14 th, 2017, Walter Investment Management announced that, on July 13th, 2017, it received written notification from the NYSE that the Company was considered to be below the compliance standards set forth under Rule 802.01C of the NYSE Listed Company Manual, because the average closing price of the its common stock fell below $1.00 over a consecutive 30 trading-day period, as of July 10th, 2017. Get free access to your research report on WAC at:
http://dailystocktracker.com/registration/?symbol=WAC

--

Daily Stock Tracker:  

Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

DST has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES :

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@dailystocktracker.com . Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. 

NO WARRANTY 

DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://dailystocktracker.com/disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you ' re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@dailystocktracker.com
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today