Orlando, FL -- (SBWIRE) -- 09/11/2013 -- 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 AMR Corporation(PINK:AAMRQ), Federal National Mortgage Association(OTC:FNMA).
AMR Corporation(PINK:AAMRQ) shares increased 5.17% to $3.46. The company on Sept. 9 reported August 2013 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation.
August's consolidated passenger revenue per available seat mile (PRASM) was a record high for the month, increasing an estimated 3.0 percent versus last year. Consolidated capacity and traffic were 4.2 percent and 3.2 percent higher year-over-year, respectively, resulting in a consolidated load factor of 85.0 percent, 0.8 points below the same period last year.
Additionally, A U.S. bankruptcy judge on August 29 hinted he would approve AMR Corp's bankruptcy exit plan despite the government's challenge to its main component: AMR's planned megamerger with US Airways Group Inc (LCC). At a hearing at U.S. Bankruptcy Court in Manhattan, Judge Sean Lane held off on confirming the plan for American Airlines' bankrupt parent, but said he found "arguments in favor of confirmation to be fairly persuasive."
Are investors worried about the recent updates with AAMRQ? Find out with a free trend analysis HERE
Federal National Mortgage Association(OTC:FNMA) shares declined 1.22% to $1.22. The company on Sept. 4 said it is starting to prepare investors for the first transaction in which the firm would share the risk of homeowner defaults with bond buyers. Executives at Washington-based Fannie Mae (FNMA), which bought or guaranteed $468 billion of residential mortgages in the first half of the year, will discuss its credit-risk management practices on an invitation-only web conference for investors that was set to start at 12:30 p.m. today, according to an online posting.
Additionally, the company on August 26 said it plans to sell $2.0 billion of benchmark bills on Wednesday. The sale will include $1.0 billion of three-month bills, due Nov. 27, 2013, and $1.0 billion of six-month bills, due Feb. 26, 2014. Settlement is Aug. 28-29.
Moreover, the company on August 21 said its full-year forecasts for both the economy and housing market remain on track, as economic growth continues to gain momentum despite a slow start to 2013. The company backed its expectations for gross-domestic product growth, continuing to predict about 2% growth for 2013 and 2.6% growth for 2014.
Is FNMA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
Join Our Mobile SMS Alerts By Texting Stocks To 555888
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
HotStockProfits.com is not a registered investment advisor 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. Please visit HotStockProfits.com website, for complete risks and disclosures.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)