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Two Ways: AGM Makes Hay While Sun Shines


Strengthen your portfolio in good times and bad.


Federal Agricultural Mortgage Corporation's (AGM) stock more than doubled in price today after the company reversed last year's losses and recorded a profit for fiscal first quarter.

Better known as Farmer Mac, the company said first-quarter earnings came in at $3.31 per share, compared to an $0.84 loss in the same period last year. In a statement, CEO Michael Gerber said the company's capital surplus was now above $67 million, versus just $13 million at year's end.

Farmer Mac managed to improve its capital position by raising an additional $10.8 million, gaining new business and selling $354.5 million worth of loans at a profit of $1.6 million. Gerber did warn of more credit losses, but says they're likely stay within manageable levels.
Shares closed up 113% to $7.73.

From the Bull Pen: Farmer Mac's performance today speaks volumes about the agricultural sector. Ag bulls can look to Agrium (AGU). The stock found support at its 200 DMA just as it appeared to be losing momentum. Bulls can set a sell stop below $44.

From the Bear Cave: The environment doesn't look to be getting any better for consumers. Bears can look to luxury retailer Tiffany (TIF), which appears to be rolling over. One can set a buy stop 2% above entry. First target may be near $24.

See you on the Hump! Have a good night!

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No positions in stocks mentioned.

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