Annaly: The Big Money Has Not Yet Been Made (Rating Upgrade)

JamesBrey The strength of Annaly (NYSE:NLY)'s second-quarter earnings sheet and an improving outlook for the mortgage REIT's net interest spread in the context of an upcoming Fed pivot are two reasons why I am up-grading shares of the mortgage REIT to strong buy. Inflation in July was only 2.9% which represented the fourth consecutive monthly drop and which makes a Fed pivot in September much more likely. With the net interest spread also improving, I believe there is an opportunity for income investors to ...