Before the Bell Scans of KKR Financial, Nationstar Mortgage, Western Asset Mortgage Capital, and Doral Financial
Before the Bell Scans of KKR Financial, Nationstar Mortgage, Western Asset Mortgage Capital,... -- LONDON, April 19, 2013 /PRNewswire/ --
LONDON, April 19, 2013 /PRNewswire/ --
The Federal Reserve, last year, announced a third round of quantitative easing under which it committed to buy $40 billion in mortgage-backed securities each month until there is a sustained recovery in the labor market. The Fed's aggressive bond buying program has helped in bringing down mortgage rates to record low levels, and boosted mortgage lending activity. This has benefited mortgage servicers such as Nationstar Mortgage Holdings Inc. (NYSE: [ NSM ]) and Doral Financial Corp. (NYSE: DRL). While record low mortgage rates have boosted lending activity, they also pose significant challenge to companies such as KKR Financial Holdings LLC (NYSE: [ KFN ]), and Western Asset Mortgage Capital Corp. (NYSE: [ WMC ]), which invest in mortgage-backed securities. Shares of mortgage investment companies ended on a mixed note on Thursday as the broad market struggled following some weak economic data and earnings reports. StockCall has taken an interest in these companies and you can now sign up to download the free technical research on KFN, NSM, WMC, and DRL at
[ http://www.stockcall.com/registration ]
KKR Financial Holdings LLC's shares fell sharply in trading yesterday. The stock closed 3.06% lower at $10.15 on above average volume of 1.50 million. Shares of KFN have struggled in the last one month, falling more than 10%. The stock has seen a series of lows over the past few weeks which is a bearish signal. The stock has also slipped below its 50-day moving average, which further confirms the negative trend. KKR Financial currently has a dividend yield of 8.28%. Sign up today to read the free research report on KFN at
[ http://www.StockCall.com/KFN041913.pdf ]
Shares of Nationstar Mortgage Holdings Inc. also slipped in Thursday's trading session. However, the losses were limited, and the stock closed 0.30% lower at $32.79 on volume of 709,808. Nationstar Mortgage's shares have fallen more than 3.20% in the last three trading sessions. Despite the recent losses, the stock is still up more than 5.80% for the year. The company's shares currently have support at around $32. The stock faces resistance at around $37. Register to download the free technical analysis on NSM at
[ http://www.StockCall.com/NSM041913.pdf ]
Shares of Western Asset Mortgage Capital Corp. ended marginally lower yesterday. The stock ended the day 0.41% lower at $21.44 on volume of 669,426 after touching an intra-day low of $21.35. Western Asset Mortgage's shares are currently trading nearly 6.90% below their 52-week high. The stock has had an excellent run so far in 2013, gaining nearly 13%. The company currently has a dividend yield of 17.72%. Free report on WMC can be accessed by registering at
[ http://www.StockCall.com/WMC041913.pdf ]
Doral Financial Corp.'s shares edged higher in trading on Thursday even as the broad market struggled. The stock rose to an intra-day high of $0.75 before finishing the day 0.43% higher at $0.723 on volume of 365,741. Doral Financial's shares are still down nearly 3.70% in the last three trading sessions. The stock's MACD recently crossed below the signal line, which is a bearish signal. The downbeat trend is further confirmed by recent volume activity. Year-to-date, shares of DRL are up more than 0.40%. Register with StockCall and download the research on DRL for free at
[ http://www.StockCall.com/DRL041913.pdf ]
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