When a company reports a quarterly profit of over $50 billion, it makes sense that investors would rush in to buy that company's stock.
That is just what happened when mortgage giant Fannie Mae reported a record net income of just over $58 billion for the first quarter. The company's stock surged.
Fannie Mae common shares are now up over 400 percent in the past three months, and its most widely traded preferred shares went from less than two dollars per share to over five dollars in the past two months. The stocks, however, are really only worth the trade because the company is under government control and may not operate on its own.