The Ox of Wall Street

October 19, 2009 13:02 ET

The Ox of Wall Street Reports On Monday's Market Flops: ETrade Financial Corp., Fannie Mae, Freddie Mac and InterDigital Inc.

WASHINGTON, DISTRICT OF COLUMBIA--(Marketwire - Oct. 19, 2009) - The market started off on a strong note during Monday's trading session. Treading just above the 10,000 on DOW Jones there seems to be a sense that the broader market continues to get healthier, however there continues to be a great deal of concern with the constant weakening of US dollar. The Ox of Wall Street tracks and reports on equities market-wide in every sector in order to provide our valued subscriber base with stocks that look poised for advancement. Our primary focus is on the micro cap and small cap markets. In order to receive our detailed reports FREE of charge, simply visit us at http://www.OxofWallStreet.com.

Fannie Mae is selling off in early trading after reporting today that they plan to sell $1.0 billion of three-month benchmark bills due Jan. 20, 2010, and $2.0 billion of six-month bills due April 21, 2010 on Wednesday in a Dutch auction. Freddie Mac is also trading down over 16% in today's trading after a report that they too are planning to issue a new two-year USD Reference Notes(R) security, CUSIP number 3137EACF4, due on December 15, 2011. The issue will be priced on Tuesday, October 20, 2009, and will settle on Wednesday, October 21, at benchmark size.

InterDigital Inc. is selling off today more than 14% after losing a patent infringement case to Nokia Corp. An ITC administrative law judge ruled that Nokia did not infringe upon InterDigital's patents. Finally, ETrade Financial Corp. was trending lower, however we believe there may be opportunities here. Investors should radar all four stocks for a potential bounce play.

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