Should you buy CIM (CIM) stock in Q1 2024?

The company primarily invests in mortgage assets, with a focus on residential loans that have a strong track record of performance. Q1 2024 earnings were mixed, but CIM stock price still underprices the fundamental performance of the business. Shares are a buy with price target of $15.

Should you buy Chimera Investment (CIM)?

Chimera Investment (CIM) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture.

Will Chimera Investment's stock split improve liquidity?

This stock split could improve liquidity moving forward. As a consequence, Chimera Investment’s discount to book value has risen to more than 50%, which makes it one of the biggest discounts in the market.