Annaly Capital Management, Inc (NYSE:NLY) down by 0.79%, Fusion-IO, Inc (NYSE:FIO)

Posted by Lacee Page May 31, 2013 0 Comment 2074 views

Annaly Capital Management, Inc (NYSE:NLY): Thursday’s trading session saw Annaly Capital Management, Inc (NYSE:NLY) dropped 0.79%. The opening price of $13.89 climbed to an intraday high of $14.19 before settling down to close at $13.88 per share. The average volume of 12.07 million was measured over a 30 days.

Annaly Capital Management, Inc (NYSE:NLY) invests in fixed-rate RMBS. The company reported a 4.2 percent drop in its book-value at the end of the Q1. You can expect an additional drop in NLY’s book value even as the Fed has started tapering-off the QE. Similarly, what you can also expect is an expansion in the company’s net interest rate-spread. As per Annaly Capital Management, Inc (NYSE:NLY)’s latest SEC filings, its estimated net interest income would rise by approximately 17% if there is a 50 bps rates surge.  Fed’s exit has started being priced-in by the markets since there has been a rise in long-term rates. Investors who are looking for the Fed’s impending exit might reconsider and want to make their specific moves now.

Fusion-IO, Inc (NYSE:FIO): Thursday’s trading session saw Fusion-IO, Inc (NYSE:FIO) rising by 5.23s%. The opening price of $13.99 climbed to an intraday high of $14.56 before settling down to close at $14.29 per share. The average volume of 5.75 million was measured over a 30 days

Fusion-IO, Inc (NYSE:FIO) provides datacenter solutions. These solutions help accelerate virtualization, databases, big data, cloud computing and other applications that help in driving business. These cover the smallest of e-tailers to some of the biggest social media leaders, data centers, as well as Fortune Global 500 businesses. FIO’s software platform and integrated hardware enables decentralization of data from different legacy architectures and also from specialized hardware. Fusion-IO, Inc (NYSE:FIO)’s solutions are sold via a global direct-sales force, original equipment manufacturers. These include Dell, HP, Cisco, and IBM, as wells as other channel partners. In 2011 August 2011, FIO acquired IO Turbine, Inc. Effective 18 March 2013, Fusion-IO, Inc (NYSE:FIO) also acquired ID7.

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Lacee Page is our White House and political campaign reporter. Lacee also covers justice and national law enforcement issues and congressional reporter focusing on the outputs of the legislative process: government spending, agency regulation and congressional oversight. Lacee received a national Edward R. Murrow for spot news award and the regional Associated Press award for best newscast. Lacee attended Riverview High School near Coshocton, and graduated from Ashland College in Ashland, Ohio with a Bachelor of Arts degree in Communications.

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