According to Yahoo! Inc. (NASDAQ:YHOO) Finance, the following two stocks received the most quote page views last week. The first one won’t surprise you, but the second one almost certainly will.
Apple Inc. (NASDAQ:AAPL)
Apple may no longer be hedge funds’ favorite stock, but its appeal remains very broad among institutional and individual investors alike — which is hardly surprising, considering it is the world’s most valuable brand and (once more) the most valuable company, ahead of Exxon Mobil Corporation (NYSE:XOM).
Last week, news flow concerning Apple Inc. (NASDAQ:AAPL) was fairly negative, ranging from its legal disputes to reports that the iPhone maker is losing ground to Samsung in China and the United States. Shares were down 1.8% on the week, compared with a 0.9% gain in the megacap Dow Jones Industrial Average (INDEXDJX:.DJI). That sentiment could shift next week, which coincides with Apple’s World Wide Developer Conference (June 10-14, in San Francisco). As one might expect, there are plenty of rumors swirling around the WWDC, with speculation about the release of iRadio or an iWatch, but the focus is likely to be on the new iPhone operating system, iOS7, and (to a lesser degree) the new version of OS X — Apple Inc. (NASDAQ:AAPL)-centric blog AppleInsider reports that new signage has been added displaying simply “7” and “X.”
Federal National Mortgage Association (OTCBB:FNMA)
Federal mortgage agency Federal National Mortgage Association (OTCBB:FNMA), known as Fannie Mae, is a conundrum, and a speculative vehicle par excellence. On the back of a spectacular 676% run-up this year (see the following graph), the company has become, to my knowledge, the most valuable over-the-counter penny stock there is. With its twin, the Federal Home Loan Mortgage Corp (OTCBB:FMCC). , both of which were nationalized in 2008, during the credit crisis, these companies now have a combined market value of $5.5 billion.