ATLANTA, Feb. 16, 2001 (PRIMEZONE) -- The following is being issued by WinningInvestments.com:
While many stocks have continued to struggle in the first quarter of 2001, Fannie Mae (NYSE:FNM) said this week that its mortgage portfolio grew at a net annualized rate of 31.1 percent in January
FNM attributed its success to refinancing due to falling mortgage rates. WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted FNM in its Newsletter. The investment website sends out via e-mail its Newsletter, which contains news, commentary, education and covered call highlights, at the close of the market on Monday, Wednesday, and Friday.
WinningInvestments also selected FNM as one of its potential covered call candidates for its website. The company lists its covered call candidates on its website three times per week.
Fannie Mae currently has 11 analysts recommending it as a strong buy, 8 as a buy, and 1 as a hold. FNM is currently trading at $82.45, with the bid on the June 2001 $80 call at $8.7. This gives downside protection of 10.6% and a yield if called of 7.6%.
Investors who are unfamiliar with covered calls can learn about this investment method at www.WinningInvestments.com . WinningInvestments.com usually offers investors a free 10-day trial, where they can view the services with no risk or obligation. Between now and Feb. 23, 2001, members can receive a 15-day trial by stating "15-day trial" in the "How did you hear about us?" section of the registration page. To visit their site, go to http://www.WinningInvestments.com .
WinningInvestments.com also offers six different categories of covered call selections and nine different investment strategies. The covered call selections are updated on the website each week on Tuesday, Thursday and Sunday. The strategies include three different strategies for Dogs of the Dow, aggressive and conservative investors.