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Why AGNC Is One Stock I'd Avoid in 2023

TheMotleyFool

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Why AGNC Is One Stock I'd Avoid in 2023: https://g.foolcdn.com/editorial/images/718443/senior-woman-holding-tablet.jpg

2022 was a tough year for mortgage real estate investment trusts (mREITs). Pressure from rising interest rates, a slowing housing market, and weakening demand for mortgage-backed securities (MBS) sent most mREITs tanking -- AGNC Investment (NASDAQ: AGNC) included.

The company, which invests in agency-backed mortgage securities (MBS) saw its share price fall as much as 40% from its high. However, it seems investor concern is easing. The stock had a massive rally at the end of 2022, jumping 48% over the last 3 months.

And yet, even with its impressive comeback, it's a stock I'm avoiding in 2023. Here's why I think you may want to, too.

Source Fool.com

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