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Stock impact report

Billionaire Investor Bill Ackman's Election Bet Could Hit Big After Trump's Victory [Yahoo! Finance]

Federal National Mortgage Association (FNMA) 
Company Research Source: Yahoo! Finance
Billionaire investor Bill Ackman and his fund, Pershing Square Capital Management, held a large position in two stocks they predicted would win if former President Donald Trump triumphed. Following Trump's victory, the entire market soared. Few, if any, stocks have performed better than these two, which trade on over-the-counter exchanges. Ackman has seemingly done it again and could be poised to cash in big on his election bet now that Trump has won. Let's take a look. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » For the last 15 or so years, a small group of shareholders has bet on the Federal National Mortgage Association (OTC: FNMA) , also known as Fannie Mae, and the Federal Home Loan Mortgage (OTC: FMCC) , also known as Freddie Mac, one day exiting government conservatorship through a recapitalization. Fannie and Freddie both serve as a vital source of liquidity in the mortgage market, securitizing mortgages and Show less Read more
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