Orlando, FL -- (SBWIRE) -- 10/24/2013 -- 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 (OTCBB:FMCC), AMR Corporation (OTCMKTS:AAMRQ).
Federal Home Loan Mortgage Corp (OTCBB:FMCC) shares surged 21.76% and closed at $2.07. The company on Oct. 22 released its U.S. Economic and Housing Market Outlook for October showing that the federal government shutdown, debt ceiling issues, and the slowing economy -- including the severely depressed level of new home construction -- are slowing the housing recovery heading into the fourth quarter of the year.
Additionally, the company on Oct. 21 said it will sell $3.0 billion of reference bills. Freddie Mac said it plans to sell $1.0 billion of three-month bills due Jan. 21, 2014, $1.0 billion of six-month bills due April 21, 2014 and $1.0 billion of 12-month bills due Oct. 20, 2014. The bills will be sold over the Internet in a Dutch auction. In such uniform price auctions, successful bidders pay only the price of the lowest accepted bid rather than the actual price a sin a conventional multiple-price auction.
Are investors worried about the recent updates with FMCC? Find out with a free trend analysis HERE
AMR Corporation (OTCMKTS:AAMRQ) shares gained 2.11% to $6.30. The company on Oct. 23 reported higher-than-expected third-quarter profit as increased ticket prices bolstered revenue. The company said net income fell to $216 million, or $1.04 a share, in the quarter, from $245 million, or $1.24 a share, a year earlier. Adjusted for merger-related costs and other special items, profit came to $1.16 a share, compared with the average analyst estimate of $1.12.
Additionally, J.P. Morgan analyst Jamie Baker upgraded the rating on AMR Corporation on Oct. 17 from Neutral to Overweight, and reiterated the $9.50 price target.
Is AAMRQ going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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