Freddie Mac, Fannie Mae Stocks Soar
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When asked Friday about President Donald Trump’s talk about privatizing housing-finance giants Fannie Mae and Freddie Mac, Treasury Secretary Scott Bessent sounded like a guy with a lot on his to-do list — and that matter is not at the top.
The passage of the Republicans' tax cut bill in the House and what happens next - with ramifications for multinational corporations, clean-energy companies like First Solar, and wireless carriers such as AT&T,
Fannie Mae and Freddie Mac have surged on Trump privatization hopes, but common shares may now be overvalued, especially Fannie Mae. Click here to read more.
Deckers Outdoor (DECK) gave a lower-than-expected outlook for the current quarter, sending shares lower 13%. Ross Stores (ROSS) shares fell 11% afterhours following the
Snowflake posts better-than-expected earnings and issues guidance ahead of analysts’ estimates, while clean-energy stocks such as Sunrun fall sharply after the House passes Donald Trump’s tax-and-spending bill.
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Seeking Alpha's roundup of remarks and statements by newsmakers that could potentially impact markets, sectors or stocks. Read more here,
Fannie Mae has revised its projections upward for home sales this year, and now expects an additional 60,000 homes will be sold nationally — and 2026, meanwhile, could be markedly better.