Kolkata, West Bengal -- (SBWIRE) -- 09/20/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on Sony Corporation (ADR)(NYSE:SNE), Federal National Mortgage Association(OTC:FNMA), Federal Home Loan Mortgage Corp(OTC:FMCC).
Sony Corporation (ADR)(NYSE:SNE) shares increased 0.28% to $21.69 in the pre-market hour. The company on Sept. 19 said it aims to sell 5 million of its PlayStation 4 game consoles worldwide by March. That’s the first time Sony is offering a projection for demand for its next console, and it’s a far more bullish debut than its predecessor, the PlayStation 3. After debuting in Nov. 2006, the PS3 sold 3.55 million units in its first fiscal year to March 2007.
Additionally, the company on August 1 said it lowered its TV sales forecast for the year ending in March 2014 by 6.3% to 15 million units, down from a previous estimate of 16 million. The company stuck to its annual sales forecasts of 42 million smartphones, 10 million PS3 game consoles and 5 million PSP and Vita handheld consoles.
The company revised its foreign exchange rate assumptions, however. It now expects a yen exchange rate of 100 to the dollar, compared with the previous 90 yen, while it revised its euro exchange rate assumption to 130 yen from 120 yen.
Should Investors Buy SNE After Yesterday’s Jump? Find Out Here
Federal National Mortgage Association(OTC:FNMA) shares is trading at $1.25. 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.
Is FNMA A Good Buy After The Recent Price Movement? Find Out Here
Federal Home Loan Mortgage Corp(OTC:FMCC) shares is trading at $1.20. 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.
After the reopening, which was conducted via an Internet-based auction, the outstanding size of the .875% three-year Reference Notes security will be $3.5 billion.
Moreover, the company on Sept. 9 announced a new offering of Structured Pass-Through Certificates ("K Certificates"), which are multifamily mortgage-backed securities. The company expects to issue approximately $1.3 billion in K Certificates, which are expected to price the week of September 9, 2013, and settle on or about September 26, 2013. This is Freddie Mac's fourteenth K Certificate offering this year.
Is FMCC A Good Buy After The Recent Price Movement? Find Out Here
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