Mortgage REITs were decimated at the beginning of the pandemic. We all know why, so I won't go through the reasons, but it was ugly. Severe financial market disruptions tend to do that
Annaly's Flawed Model Won't Save The Dividend
Summary
- NLY has rallied strongly in recent weeks, presumably due to higher long-term interest rates.
- But history has proven this won't matter, and Annaly will almost certainly continue to destroy value and will have to cut the dividend again.
- NLY should be avoided.
Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow.
Josh is the leader of the investing group Timely Trader where he focuses on limiting risk and maximizing potential reward. Features of Timely Trader include: real-time alerts, a model portfolio, technical charts, sentiment indicators, and sector analysis to find the best trading opportunities. Learn more.
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