Orlando, FL -- (SBWIRE) -- 09/27/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Federal Home Loan Mortgage Corp(OTC:FMCC), Vale SA (ADR)(NYSE:VALE).
Federal Home Loan Mortgage Corp(OTC:FMCC) shares climbed 4.07% to $1.28. The company on Sept. 26 released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates fell following the Federal Reserve announcement that it will maintain its bond buying stimulus helping to keep homebuyer affordability elevated. The average rate on the 30-year fixed mortgage is at its lowest level since the week ending July 25, 2013.
Additionally, the company on Sept. 19 announced that it auctioned a $500 million reopening of its .875% three-year USD Reference Notes® security that matures on October 14, 2016. The stop yield for the issue, CUSIP 3137EADS5, was .825%, priced at 100.150746, or approximately 14.6 basis points more than three-year U.S. Treasury Notes. The bid-to-cover ratio was 6.50 to 1.
Are investors worried about the recent updates with FMCC? Find out with a free trend analysis HERE
Vale SA (ADR)(NYSE:VALE) shares gained 0.44% to $16.12. The company is selling stakes in its cargo unit for about $1.2 billion to Japan’s Mitsui & Co. and a Brazilian government fund as it seeks to focus on higher-return assets.
The iron-ore producer based in Rio de Janeiro agreed to sell a 20 percent stake in the VLI unit to Mitsui for 1.51 billion reais ($675 million) and 15.9 percent to the FI-FGTS fund managed by state-owned bank Caixa Economica Federal for 1.2 billion reais, according to a regulatory filing today. Vale said it’s also in exclusive talks with Canada’s Brookfield Asset Management Inc. (BAM/A) to sell about 26 percent of VLI. Its stake would drop to less than 40 percent after all the deals, Vale said on Sept. 18.
Is VALE going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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