StreetInsider.com - Insiders' Edge

Market Talk: Don't Look Now But Fannie and Freddie Have Doubled

After basically being left for dead on a Barron's report that a U.S. Treasury bailout was imminent and shareholder equity would be wiped out, shares of Fannie Mae (NYSE: FNM) has risen six straight sessions and sister GSE Freddie Mac (NYSE: FRE) is up four straight sessions. Both have now more than doubled from their lows. A number of analysts are now predicting the companies can actually survive in their current form.

There were a number of key developments over the past week that has speculators changing their tune - both on the long side and short side.

Here are some key things that happened this week that has helped change sentiment, at least temporarily CONTINUED>>>>

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Hedge Fund Trade of the Day - MF Global (MF)

In a 13G filing on MF Global Ltd (NYSE: MF) Ken Griffin's Citadel Investment Group disclosed a 5.3% stake (6,644,642 shares) in the company. This is up from the 341,570 (0.28%) stake held at the quarter ended June 30, 2008. A 13G indicates a 'passive investment.'

More 13Gs

Analyst Call To Watch - Microsemi (MSCC)

American Technology Research reiterates its Buy rating on Microsemi (Nasdaq: MSCC).

The firm believes that Microsemi shares could move higher even in this recessionary and inflationary environment due to its "diversified end market exposure" which "should enable top-line growth..." AmTech also sees Microsemi's transfer of its production processes to Ireland as driving margin expansion. MORE

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