Bearish Trend For Federal National Mortgage Association, Reconnaissance Energy Stocks, And Go Long On Tencent Holdings, Rolls-Royce Holding Plc Stocks

Federal National Mortgage Association (OTCMKTS: FNMA) stock trades at $1.28

Federal National Mortgage Association (OTCMKTS: FNMA) closed at $1.28 (down 6.57%) on June 25, 2021. The stock lost 44.47% in the past week. 

Reconnaissance Energy (Africa) Ltd (OTCMKTS: RECAF) stock trades at $8.91

Reconnaissance Energy (Africa) Ltd (OTCMKTS: RECAF) stock closed at $8.91 (down 17.58%) on June 25, 2021. The stock declined by 7.19% in the past week.

Oil explorers and producers like Reconnaissance Energy are expected to benefit from the government’s covid-19 policies. Canada and the US suffered from an acute shortage of labor, and at the same time, record unemployment because of coronavirus impact. Several small businesses that are returning to normalcy are not finding the workforce. 

The company holds a 90% stake in the 8.5 million acres covering the Kavango Basin in Botswana and Namibia. It owns an exploration license and signed an operating agreement on June 14, 2021, with NAMCOR. 

Reconnaissance Energy holds a cash balance of CAD 70 million. It also raised CAD 41 million on May 27, 2021. 

Investors can clinch this stock at lower levels for significant gains.

Tencent Holdings (OTCMKTS: TCEHY) stock trades at $77.78

Tencent Holdings (OTCMKTS: TCEHY) stock closed at $77.78 (up 3.02%) on June 25, 2021. It is continuing the uptrend for the past week. Tencent raised $4.15 billion on April 11, 2021. 

Investors can buy this stock for a target of $98. Tencent is a more valuable tech company in China. 

Established in 1998, Tencent offers online advertising and value-added services (applications across the mobile platforms and the internet, value-added community services, and mobile games).

Rolls-Royce Holding Plc (OTCMKTS: RYCEY) stock trades at $1.53

Rolls-Royce Holding Plc (OTCMKTS: RYCEY) closed at $1.53 (down 0.65%) on June 25, 2021. The company suffered in recent years because of mismanagement. However, the company expects to make a turnaround. 

The company plans to spend GBP 4.2 billion in 2021. Investors can go long on this stock with a stop loss at $1.43.

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