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Annaly Capital Management, Inc. Message Board

stockmeister3 1 post  |  Last Activity: Jul 30, 2014 5:36 PM Member since: Jun 22, 1999
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  • Reply to

    MTGE Q2 Earnings

    by hatedahft Jul 30, 2014 4:44 PM
    stockmeister3 stockmeister3 Jul 30, 2014 5:36 PM Flag

    "Looks good but who knows how the market reacts. AGNC got clobbered and MTGE is easier to grind down."

    ditto hate ... MTGE's report was good, but Agnc's report was IMO better and it's down more than $1 from Monday's high. I think AGNC had run up into earnings a bit more than MTGE - but still ... one has to wonder. One can argue that today's action was due to the good GDP print and the arguably somewhat more hawkish Fed outlook, but seriously - I don't see the Fed changing it's tone/guidance meaningfully before the end of the 1st qtr and spread income (as opposed to BV and possibly dollar roll income) will actually be benefited by slightly higher mtg rates.

    Bottom line is that AGNC was down 2.34% vs. MTGE being down only .89% - so one has to wonder whether MTGE gets hit tomorrow - or was today's action a one-day phenomenon related to the FED/GDP announcements that gets digested tomorrow. Of course Friday's jobs # could also be a mkt mover.

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