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Fannie and Freddie are up over 60% in three weeks, and Ackman says 10-fold is possible

The two stocks trade on a political decision, not earnings. The Treasury's roughly $388 billion stake is the part many traders skip.

Finvestex Desk · 3 min read
Fannie and Freddie are up over 60% in three weeks, and Ackman says 10-fold is possible — slide 1 of 7Fannie and Freddie are up over 60% in three weeks, and Ackman says 10-fold is possible — slide 2 of 7Fannie and Freddie are up over 60% in three weeks, and Ackman says 10-fold is possible — slide 3 of 7Fannie and Freddie are up over 60% in three weeks, and Ackman says 10-fold is possible — slide 4 of 7Fannie and Freddie are up over 60% in three weeks, and Ackman says 10-fold is possible — slide 5 of 7Fannie and Freddie are up over 60% in three weeks, and Ackman says 10-fold is possible — slide 6 of 7Fannie and Freddie are up over 60% in three weeks, and Ackman says 10-fold is possible — slide 7 of 7
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Two stocks that most investors have never been able to buy on a major exchange have had one of the sharpest runs in the market. According to CNBC, Fannie Mae and Freddie Mac each rose more than 60% from Oct. 14 through Monday's close on Nov. 2. Both added roughly 3% more on Tuesday, Nov. 3.

That is a big move in about three weeks for two companies that, on paper…

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General market information for educational purposes — not investment advice. Figures come from the linked sources.