Tradable Pockets Amid the Jitters
We have some nervous action Monday morning, but speculative money is staying busy with the likes of Netflix (NFLX), Amazon (AMZN) and Facebook (FB). Breadth is running at 1,850 gainers to 3,200 decliners, but I am seeing pockets of positive action. Precious metals are the primarily laggard, and there isn't any notable sector leadership.
One group that's doing well is mortgage-servicing. Nationstar Mortgage (NSM) has purchased a large portfolio, and that is goosing its estimates and bringing in some chaser action; osther companies, such as Walter Investment (WAC) and Newcastle Investment (NCT), are benefiting as well. I'm nibbling a little at Newcastle, which is a real estate investment trust that handles some of Nationstar's accounts and has a 9.8% dividend yield. The company plans to spin off its residential assets, and that is helping to drive the action....130 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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