Fannie Mae Stock Rises

September 3, 2009 by Banker
Filed under Investing Journal

After some early losses in the month, Fannie Mae is back on tons of day trader favorite lists, and it is showing. The volume of the stocks being traded has been increasing and the price per share is doing the same. Fannie Mae ended yesterday at $1.37 per share and ended today at $1.64 a share… A real nice increase!

Total Invested – $1000.00

Ending Total Portfolio Value – $943.00

Fannie Mae has almost gotten all of its invested value back and looks like it will continue its rise. A great day in the market over all with an increase of $155.25 for today.

( After Hours: 1.71 +0.07 (4.27%) Sep 3, 5:04PM EDT ) The after hours market seems to be just as kind to Fannie Mae and the investors holding, overall looks like a good day.

With the week coming to an end soon its about time to start looking for where to put next weeks investment, and have been looking into diversifying over the past couple of days. The financial markets have been some of the most volatile and are likely to experience some of the greatest gains as the economy takes a turn for the better, they are also some of the most risky.

	FNM	$1.64	0.27
	FRE	$1.87	0.23

A couple of stocks that I have been considering are Las Vegas favorites. With the recession in place, Las Vegas has taken some of the heavier losses, and are also likely to take some real heavy gains once the economy begins to turn around. The big guys in Las Vegas are not going anywhere, no matter how tight the economy becomes, and Las Vegas will also be a big tourist hot spot… As our dollar lowers, more and more international tourism will increase and bring more into our nations big tourist hot spots, as our dollar increases and our economy becomes more stable Las Vegas will surely return to the profit margins they were experiencing just a couple of years ago.

The two Las Vegas companies that have recently peeked my interest are LVS and MGM