Movers to Watch: Chimera Investment Corporation (CIM), KKR & Co. L.P. (KKR)


Chimera Investment Corporation (NYSE:CIM):

The company’s RSI reading has hit 74.78. The stock edged higher by 1.08% to close previous trading session at USD 13.99.

The shares of the company fluctuated in the range of USD 10.89 and USD 16.45 in the course of 52 weeks. Over the three months, the company’s shares have surged by 7.25% and in the past one year, it has gained 2.41%. Additionally, the stock’s year to date performance has improved 6.35%. Over the last five days its shares have surged by 3.32% and in the past six months it has moved up 7.86%.

Further, the company is trading at a price to earnings ratio of 11.14 and the stock is at a price to book ratio of 0.90. The stock’s weekly volatility is calculated as 2.07% and monthly volatility as 1.97% with ATR of 0.30, beta of 0.87 and price to cash ratio of 23.02.

Chimera Investment Corporation (CIM) operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Chimera Investment Corporation was founded in 2007 and is based in New York, New York.

KKR & Co. L.P. (NYSE:KKR):

The stock increased by 1.01% to close last trading session at USD 14.93. The company’s shares oscillated in the range of USD 14.75 and USD 15.02 during intraday trade.

A total of 2.94 million shares exchanged hands, below its 3 month average volume of 4.34 million shares. Over the last five days its shares have surged by 5.81% and in the past six months it has moved down -18.22%.

Furthermore, the stock has weekly volatility of 3.54% and monthly volatility of 3.48% with ATR of 0.52. The stock’s RSI is 63.81 and distance from 50-day simple moving average is +12.51%, whereas its distance from 20-day simple moving average is +10.87% and distance from 200-day simple moving average is -14.91%.

KKR & Co. L.P. (KKR) released a new macro Insights piece by Henry McVey, Head of Global Macro and Asset Allocation (“GMAA”). In “Spotlighting 2016’s Great Debates,” McVey analyzes the current macroeconomic landscape and highlights important areas where KKR’s GMAA team has a differentiated view from the consensus.

Specifically, “Spotlighting 2016’s Great Debates” focuses on the following views:

  1. Looking through the lens of nominal GDP rather than real GDP, we see much slower growth for business operators.
  2. China’s currency dilemma is primarily linked to its capital account, not its current account. Even with a strong currency in recent years, China has been using its strength in high-end exports to drive increased market share into a slowing global trade environment.
  3. Non-traditional monetary policy, negative deposit rates in particular, could now be a headwind, not a tailwind, for risk assets.