Financial Stocks Climbing Upward: AXP, NLY, FNF, CIM, AGO

Through early trading on Wednesday, September 28, 2011, these stocks are helping the Financial (NYSE:XLF) sector today. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Shares of American Express Company (NYSE:AXP) are trading at $47.29, up 21 cents (+0.4%) from the previous close of $47.08. American Express is a global payments, network, and travel company that offers credit card products and travel-related services to consumers and businesses on an international scale.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had fallen $5.26 (-10%) from $52.34 to $47.08. The stock price saw one of its best stretches over the last year between August 18, 2011 and August 31, 2011 when shares rose for 10 straight trading days, rising 12.3% (+$5.43). It saw one of its worst periods between September 28, 2010 and October 7, 2010 when shares fell for eight straight trading days, falling 13% (-$5.60).

Annaly Capital Management, Inc. (NYSE:NLY) is one of the top price gainers. Its stock price is $16.91, which is 22 cents (+1.3%) above the previous close of $16.70. Annaly Capital Management is a real estate investment trust which is engaged in the business of investing, on a leveraged basis, in mortgage pass-through certificates, collateralized mortgage obligations, and other mortgage-backed securities.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had fallen 90 cents (-4.9%) from $18.20 to $17.30. It saw one of its worst periods between September 19, 2011 and September 27, 2011 when shares fell for seven straight trading days, falling 4.7% (-86 cents). The stock price saw one of its best stretches over the last year between April 19, 2011 and May 9, 2011 when shares rose for 14 straight trading days, rising 4.1% (+69 cents).

Shares of Fidelity National Financial Inc. (NYSE:FNF) are trading at $15.39, up 8 cents (+0.5%) from the previous close of $15.31. Fidelity National Financial is a holding company which is a provider, through its subsidiaries, of title insurance, specialty insurance, claims management services, and information services.

Stock Price Performance: From July 29, 2011, to September 26, 2011, the stock price had fallen 66 cents (-4.1%) from $16.18 to $15.52. It saw one of its worst periods between May 31, 2011 and June 10, 2011 when shares fell for nine straight trading days, falling 5.4% (-85 cents). The stock price saw one of its best stretches over the last year between June 15, 2011 and June 22, 2011 when shares rose for six straight trading days, rising 3.2% (+47 cents).

Chimera Investment Corporation (NYSE:CIM) is one of the top price gainers. Its stock price is $3.04, which is 4 cents (+1.3%) above the previous close of $3. Chimera Investment is a specialty finance company that invests in residential mortgage backed securities, or RMBS, residential mortgage loans, real estate-related securities, and various other asset classes.

Stock Price Performance: From June 30, 2011, to September 26, 2011, the stock price had fallen 44 cents (-12.7%) from $3.46 to $3.02. It saw one of its worst periods between July 8, 2011 and July 18, 2011 when shares fell for seven straight trading days, falling 9.7% (-34 cents). The stock price saw one of its best stretches over the last year between October 13, 2010 and October 21, 2010 when shares rose for seven straight trading days, rising 5.5% (+20 cents).

Shares of Assured Guaranty Ltd. (NYSE:AGO) are trading at $11.43, up 18 cents (+1.6%) from the previous close of $11.25. Assured Guaranty is a holding company, that, through its operating subsidiaries, provides credit enhancement products to the public finance, structured finance, and mortgage markets.

Stock Price Performance: From June 30, 2011, to September 26, 2011, the stock price had fallen $5.91 (-36.4%) from $16.25 to $10.34. The stock price saw one of its best stretches over the last year between October 6, 2010 and October 14, 2010 when shares rose for seven straight trading days, rising 24.3% (+$4.23). It saw one of its worst periods between January 14, 2011 and January 28, 2011 when shares fell for 10 straight trading days, falling 27.3% (-$5.28).

 

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