Diamonds and Dogs
The banks and the oil stocks look great, but Fannie Mae (FNMA) and Freddie Mac (FMCC) are stealing the show. Both Fannie and Freddie are jumping over 40% on rumors the new Treasury secretary, Steven Mnuchin in the Trump administration will look to return the government conservatorship companies to private ownership in a timely fashion. Good news for hedge funds and private equity firms that bought up the stocks over the last number of years.
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