Fannie and Freddie stock prices are soaring today, but still down for the year. Here's why

"Some of the highest quality businesses in the world are trading at extremely cheap prices. Ignore the MSM. One of the most one-sided wars in history that will end well for the U.S. and the world. And we have the potential for a large peace dividend."

"Fannie and Freddie are stupidly cheap. Asymmetry at its best. They could be a 10X and it could happen soon."

"Freddie Mac went public in the late 1980s, and share prices were at their peaks during the mid-aughts, trading at more than $65 before crashing during the housing and financial crisis in 2008."

"Cannot emphasize enough how rare this is in this market."

Fannie Mae and Freddie Mac shares experienced significant price increases following a social media post by hedge fund manager Bill Ackman. He described the stocks as 'stupidly cheap' and suggested they could see substantial gains. As of Monday, Fannie Mae shares rose over 35%, while Freddie Mac shares increased by 33%. Despite this surge, both stocks remain down significantly year-to-date. Ackman's comments were echoed by investor Michael Burry, who noted the rarity of such opportunities in the current market.

Read at Fast Company