Pre-Market Analysis: New York Mortgage Trust, Capstead Mortgage, RLJ Lodging Trust, and Associated Banc-Corp
LONDON, July 24, 2013 /PRNewswire/ --
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The U.S. equity market ended on a mixed note on Tuesday, July 23, 2013, as investor sentiment was weighed down by a weak manufacturing activity report from the Central Atlantic region. Though the disappointing economic data overshadowed some solid earnings reports released earlier in the day, the Dow Jones managed to close at a record high level, 0.14% up at 15,567.74. The S&P 500 and the NASDAQ, meanwhile, finished lower. Shares in the financial sector ended mostly lower even as the broader market finished on a mixed note. The major movers in the sector included New York Mortgage Trust Inc. (NASDAQ: NYMT), Capstead Mortgage Corporation (NYSE: CMO), RLJ Lodging Trust (NYSE: RLJ), and Associated Banc Corp. (NASDAQ: ASBC). All these companies are tracked by AAAResearchReports.com. Free technical research on NYMT, CMO, RLJ, and ASBC can be downloaded upon sign up at:
http://www.aaaresearchreports.com/register/
Shares in New York Mortgage Trust Inc. edged 0.61% lower on Tuesday, reversing some of their gains from previous trading sessions. The company's shares ended the day at $6.48 after oscillating between $6.46 and $6.53. A total of 493,226 shares were traded which is below the daily average volume of 1.12 million. The company's shares have gained 2.69% in the last three trading sessions as compared to a gain of 0.18% in the S&P 500. Sign up and read the complimentary report on NYMT at:
http://www.AAAResearchReports.com/NYMT072413.pdf
Capstead Mortgage Corporation's stock moved lower on Tuesday, finishing at $11.68, down 0.68% from its previous closing price. The company's shares fluctuated between $11.63 and $11.80. A total of 1.26 million shares were traded which is above the daily average volume of 995,201. The company's shares have fallen by 1.18% in the last three trading sessions and 5.73% in the last one month. Moreover, the stock currently has a dividend yield of 10.62%. The free report on CMO can be downloaded by signing up now at:
http://www.AAAResearchReports.com/CMO072413.pdf
Shares in RLJ Lodging Trust slipped on Tuesday, reversing some of their recent gains. The company's shares initially struck a 52-week high of $24.65, but they failed to hold onto their gains, finishing 0.29% lower at $24.45. A total of 732,723 shares were traded which is below the daily average volume of 814,482. The company's shares have gained 1.87% in the last three trading sessions, thus outperforming the S&P 500. A free report on RLJ can be accessed by registering at:
http://www.AAAResearchReports.com/RLJ072413.pdf
Associated Banc Corp.'s stock moved higher on Tuesday even as the broader market finished on a mixed note. The company's shares hit a 52-week high of $17.15 before ending the session 1.36% higher at $17.10. A total of 1.13 million shares were traded which is above the daily average volume of 910,133. The company's shares have gained 1.91% in the last three trading sessions and 21.45% in the last three months, hence outperforming the S&P 500 during the respective periods. Register with AAA Research Reports and download research on ASBC for free at:
http://www.AAAResearchReports.com/ASBC072413.pdf
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SOURCE AAA Research Reports
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