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2 Mortgage Stocks to Buy Now

WAFD, AGM improve in weekly rankings

   

This week, two Mortgage stocks are improving their overall rating on Portfolio Grader. Each of these rates an “A” (“strong buy”) or “B” overall (“buy”).

Washington Federal (NASDAQ:WAFD) is bumping up its rating from a C (“hold”) to a B (“buy”) this week. Washington Federal is a bank holding company that provides banking products and services. In Portfolio Grader’s specific subcategory of Margin Growth, WAFD also gets an A. For more information, get Portfolio Grader’s complete analysis of WAFD stock.

Federal Agricultural Mortgage Corp. (NYSE:AGM) shows solid improvement this week. The company’s rating rises from a C to a B. Federal Agricultural Mortgage is a federally chartered instrumentality, which establishes a secondary market for agricultural real estate. Trade volume fell markedly in the past week, standing at half of the previous rate. Since last month, the price of AGM has increased 4%. This is better than the S&P 500′s 1.8% decline for the same period. For more information, get Portfolio Grader’s complete analysis of AGM stock.

Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.


Article printed from InvestorPlace Media, http://investorplace.com/2012/10/2-mortgage-stocks-to-buy-now-wafd-agm/.

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