Bill Ackman told spooked investors to get over the Iran war and buy Fannie and Freddie. Stocks surged 40% the next day

Bill Ackman told spooked investors to get over the Iran war and buy Fannie and Freddie. Stocks surged 40% the next day

Fannie Mae and Freddie Mac, the two government sponsored businesses designed to prop up mortgages, ripped on Monday after billionaire investor Bill Ackman told investors in a late Sunday X post to stop worrying about the war in Iran and start buying. “Some of the highest quality businesses in the world are trading at extremely cheap prices,” Ackman wrote. “Ignore the MSM. One of the most one-sided wars in history that will end well for the U.S. …

Fannie and Freddie stock prices are soaring today, but still down for the year. Here's why

Even after Monday’s surge, both stocks remain sharply lower year-to-date, raising questions about the rally.

Bill Ackman says Fannie, Freddie ‘cheap,’ sees 10x upside despite Middle East tensions

Billionaire hedge fund manager Bill Ackman has reignited debate around U.S. mortgage giants Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac, which have been under U.S. government conservatorship since the 2008 financial crisis, have been in major decline recently. This contributes to what Ackman views as a significant mispricing. He believes the two entities offer “asymmetric upside,” with potential gains far outweighing the risks at curr…