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,