Published on 5 Mar 2024 on Zacks via Yahoo Finance

Is Most-Watched Stock Annaly Capital Management Inc (NLY) Worth Betting on Now?

Annaly Capital Management (NLY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this real estate investment trust have returned +1.2% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks REIT and Equity Trust industry, to which Annaly belongs, has lost 2% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.