Volume Alert: Advanced Micro Devices, Inc. (NYSE:AMD), Federal Home Loan Mortgage Corp (OTCBB:FMCC), Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR)
Lakeway, NY — (MARKET NEWS CALL) — 11/01/2013 — Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on Advanced Micro Devices, Inc. (NYSE:AMD), Federal Home Loan Mortgage Corp (OTCBB:FMCC), Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR).
Advanced Micro Devices, Inc. (NYSE:AMD) shares gained 1.21% to $3.34. The company on Oct. 24 launched the AMD Radeon R9 290X graphics card, introducing the ultimate GPU for a new era in PC gaming. As the top AMD Radeon R9 Series graphics card, the AMD Radeon R9 290X GPU delivers breathtaking performance while pushing the boundaries of audio and visual realism for gamers who demand the best.
Additionally, the company announced that it will webcast Keynote presentations taking place at the 2013 AMD Developer Summit, “APU13″, being held in San Jose, Calif., on Nov. 11, 2013 through Nov. 13, 2013.
Federal Home Loan Mortgage Corp (OTCBB:FMCC) shares gained 5.66% to $2.24. The company on Oct. 30 announced that it has begun securitizing performing Home Affordable Modification Program (“HAMP”) modified mortgage loans held in the company’s mortgage-related investments portfolio. These loans were modified to assist borrowers who were at risk of foreclosure, thereby assisting them with keeping their homes. Since the US Treasury launched the program in March 2009, 229,000 borrowers have received permanent HAMP modifications on Freddie Mac-owned loans.
Additionally, the company on Oct. 24 announced a new offering of Structured Pass-Through Certificates (“K Certificates”), backed exclusively by LIBOR-based, floating rate multifamily mortgages with five- and seven-year terms. The company expects to offer approximately $1.3 billion in K Certificates (“K-F02 Certificates”), which are expected to price the week of October 28, 2013, and settle on or about November 13, 2013.
Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR) shares declined 0.11% to $17.43. The company on Oct. 30 said it has asked the government to return to a transparent domestic fuel pricing policy in the wake of the latest quarter of dismal earnings. Petrobras said in a market filing it has proposed a methodology to its government-controlled board that would automatically adjust domestic diesel and gasoline prices to international prices, without exposing local consumers to the volatility of international price swings.
The company has lost more than 30 billion reais ($14 billion) since the start of 2012 in its refining division due to a government policy that holds down fuel prices to contain inflation. That is equivalent to the company’s total net earnings in 2011 and 50 percent more than 2012 profits.
Additionally, the company expects to raise gasoline and diesel prices on Nov. 22, when it unveils a new pricing formula that automatically narrows the gap between local and international fuel costs, newspaper Valor Economico said on Oct. 30.
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Tags: Advanced Micro Devices, Federal Home Loan Mortgage Corp (OTCBB:FMCC), Inc. (NYSE:AMD), Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR)