Why Annaly Capital's Stock Price Rose 16.4% in July
The stock market bounced back in a big way in July with its best month since November 2020. Annaly Capital Management (NYSE: NLY) was among the winners as its stock price ended the month 16.4% higher, according to S&P Global Market Intelligence. As a mortgage real estate investment trust (REIT), Annaly Capital invests in mortgages and mortgage-backed securities and earns revenue on the interest payments.