Newcastle Investment Corp. (NCT) - $5.48 +0.05 (0.92%)
Company DescriptionNewcastle Investment Corporation is a real estate investment and finance company. Newcastle invests in, and actively manages, a portfolio of real estate securities, loans, excess mortgage servicing rights and other real estate related assets.
Recommendation: Why swap interest rate risk for credit risk?
The most important economic report these days came out last Friday, which is the the monthly jobs report. The Street had set the bar relatively low.