2024-03-18 23:41:01 ET
Summary
- Federal National Mortgage Association stock is up 271%, outperforming the S&P 500 by 239%.
- Technical analysis suggests the stock has strong upward momentum and price targets at $3.27 and $4.22.
- FNMA's unique business model and recent strategic initiatives position it for growth, making it an attractive investment opportunity.
Investment Thesis
Federal National Mortgage Association (FNMA) is a government-sponsored enterprise that provides financing for mortgages in the US. Its stock is up by about 271% outpacing the S&P 500 by a margin of about 239%....
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Federal National Mortgage Association: The Bulls Are In Control, Buy