Should Day Traders Benefit From Investing In Federal National Mortgage Assctn Fnni Me(OTCBB:FNMA), Kinross Gold Corporation (USA)(NYSE:KGC), and Oi SA (ADR)(NYSE:OIBR)?
New York, NY – GDP INSIDER – 10/29/2014.
This article discusses three companies: Federal National Mortgage Assctn Fnni Me(OTCBB:FNMA), Kinross Gold Corporation (USA)(NYSE:KGC), and Oi SA (ADR)(NYSE:OIBR)
Federal National Mortgage Assctn Fnni Me(OTCBB:FNMA) is a mortgage guaranteer that provides single-family credit guaranty services to homebuyers in the United States. On Oct. 24th, the organization reached a $170 million settlement for a lawsuit with shareholders that accused Fannie Mae of misleading them about its financial condition and risk management before the 2008 financial crisis. Fannie Mae has also recently been on the beneficiary side of settlements with larger banks like Bank of America.
Kinross Gold Corporation (USA)(NYSE:KGC) traded for as little as $2.66 yesterday, a new 52 week low for the company. On Oct. 21st, the company announced that it would be selling its interest in the Fruta del Norte Project and Aurelian Resources to Fortress Minerals Corp. for $240 million in cash and equity. The Ontario-based company is engaged in mining and processing gold and silver ores in Canada, the United States, Brazil, Ecuador, Chile, Ghana, Mauritania, and Russia.
Oi SA (ADR)(NYSE:OIBR) is a Brazil-based diversified communication services company that provides integrated telecommunication services to residential customers, companies, and government agencies in its home country. However, while the company was previously a powerhouse in the industry, it will not be an active participant in the upcoming 4G upgrade. Oi SA has a market capitalization of over $3.6 billion and 5.65 billion tradeable shares. The stock has traded within a range of $0.40 to $1.97 over the past 52 weeks.
HotStockGains.com provides investors and traders with trading strategies via text message and email. To obtain text message stock alerts service text the word BREAKOUT to 555888 from your cell phone.
Additionally, HotStockGains free newsletter provides market insight, tips, and trading strategies on NYSE, NASDAQ, OTCBB and PINK stocks.
Disclosure: HotStockGains is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Always seek help from a professional financial advisor (I am not one). Please visit http://hotstockgains.com/disclaimer/ for complete risks and disclosures.