Fast Money's Housing Bill Trade
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Created by barrons2
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Date updated:04-09-2008

Opposition from the White House isn’t going to stop the $25 billion Housing Bill from passing the Senate. And the measure, which could include tax breaks for homebuilders and lenders as well as credits for homebuyers, is likely to get even more spending tacked onto it by the House. What is the trade?

symbol name last price % change open
  • +
  • WFC
    Wells Fargo & Co
  • $31.20
  • +5.16%
  • $29.57

Finerman said that Wells Fargo (WFC), Fannie Mae (FNM) and Freddie Mac (FRE) will benefit.

People owning WFC also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: B What is this?

  • +
  • FNM
    Fannie Mae
  • $7.04
  • +9.66%
  • $6.19

Finerman said that Wells Fargo (WFC), Fannie Mae (FNM) and Freddie Mac (FRE) will benefit. Macke agreed with Finerman, saying that Fannie Mae was a good trade off the news.

People owning FNM also tend to own: ABPIADPTDCREBAYEDCIFMDHTE

TheStreet.com Rating: C What is this?

  • +
  • FRE
    Freddie Mac
  • $5.10
  • +3.03%
  • $4.80

Finerman said that Wells Fargo (WFC), Fannie Mae (FNM) and Freddie Mac (FRE) will benefit.

People owning FRE also tend to own: CCATDEFNMGEKOLLY

TheStreet.com Rating: D+ What is this?

  • +
  • HD
    Home Depot Inc
  • $28.59
  • +0.07%
  • $28.32

Adami suggested that Home Depot (HD) could be another winner.

People owning HD also tend to own: CCLXCVSGOOGGSJNJLLY

TheStreet.com Rating: C What is this?

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