Annaly Capital Management, Inc. (NYSE:NLY) able to manage volatility?


Dallas, Texas 09/11/2013 (Financialstrend) – Annaly Capital Management, Inc. (NYSE:NLY) is definitely a tempting stock. Its dividend is above 13%. The company’s chart looks like it is bottoming out. The U.S economic data has been quite tepid and this has led many people to presume that whatever rate-spike that had to take place due to the Fed taper speculation, is done with. This fact has not been lost on investors. At a cursory glance, to any yield seeker or bargain hunter this will definitely seem like a good bargain.

A stock for the tolerant

NLY has been under the market watcher’s radar and it looks like a good play for those who have some amount of risk tolerance and patience. This is one company that has been around for a long time now and theoretically, it has the required management skills to ride out any volatility in the interest rate that has actually battered its share price.

Tuesday’s trading

The company stock started out no better this week. In Tuesday’s trading, Annaly Capital Management, Inc (NYSE:NLY) dipped 2.13%. The opening price of the shares was $11.73 which rose to an intraday high of $11.73 and closed at $11.48. Approximately 12.63 million NLY shares were traded on Tuesday while the average volume of shares traded over 30 days was 11.80 million. The company has a trading price of $11.31 billion.

 The Fed tapering issue

The Fed tapering, if and when it happens will in most probability be decided at the 17-18 Fed meeting. This might be one reason good enough for investors to hold onto their horses as far as new positions are concerned. Some investors might also be inclined to lighten their portfolio and NLY might be one stock they might want to offload. But, in the event that the company announces its quarterly-dividend towards September end anyone who has been holding Annaly Capital Management, Inc. (NYSE:NLY) would not want to miss it.