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Jersey City, NJ – August 29, 2008
The LocateStock HIGH FIVE for Friday, August 29th are:
5 – Lehman Brothers – NYSE:LEH
4 – Freddie Mac – NYSE:FRE
3 – Fannie Mae – NYSE:FNM
2 – Ambac – NYSE:ABK
1 – MBIA – NYSE:MBI
Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking, and Investment Management.
* Lehman will announce plans to cut 1,500 employees, or roughly 6% of its workforce, next month, the New York Times reported Thursday. The layoffs could be announced right before the struggling investment bank reports third-quarter earnings in mid-September, the Times said. Shares of LEH rose $1.09 or 7.37% to $15.87 on the news.
Freddie Mac (NYSE:FRE) engages in mortgage purchasing, credit guarantee, and portfolio investment activities... Read More » By High 5 Blogger on 8/29/2008 9:30 AM |
Jersey City, NJ – August 28, 2008
The LocateStock HIGH FIVE for Thursday, August 28th are:
5 – Solarfun Power Holdings – NASDAQ:SOLF
4 – AMR Corporation – NYSE:AMR
3 – Fannie Mae – NYSE:FNM
2 – Freddie Mac – NYSE:FRE
1 – Ford – NYSE:F
Solarfun Power Holdings Co., Ltd., (NASDAQ:SOLF) through its subsidiary, Jiangsu Linyang Solarfun Co., Ltd., engages in the development, manufacture, and sale of photovoltaic (PV) cells and PV modules primarily in the People's Republic of China. It offers monocrystalline silicon cells and modules, and multicrystalline silicon cells and modules to system integrators, as well as through third party distributors.
* Shares of Solarfun Power Holdings dropped Wednesday after the Chinese solar cell maker warned that the average selling price of its photovoltaic modules could fall in 2009. Shares fell $2.61 or 13.78% to $16.33. Lazard Capital Markets analyst Sanjay Shrestha is maintaining a "Hold" rating on the stock, saying it is... Read More » By High 5 Blogger on 8/28/2008 9:30 AM |
Jersey City, NJ – August 27, 2008
The LocateStock HIGH FIVE for Wednesday, August 27th are:
5 – MBIA – NYSE:MBI
4 – AMR Corporation – NYSE:AMR
3 – Lehman Brothers – NYSE:LEH
2 – Freddie Mac – NYSE:FRE
1 – Fannie Mae – NYSE:FNM
MBIA, Inc., (NYSE:MBI) through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants worldwide. It operates through two segments, Insurance and Investment Management Services.
* Shares of bond insurer MBIA rose on Monday, lifted in part by Freddie Mac's successful debt auction. Shares rose 6.2% and rose an additional 9 cents or 0.83% to $10.92.
AMR Corporation (AMR), (NYSE:AMR) through its subsidiaries, operates as a scheduled passenger airline in the United States. The company, through its principal subsidiary, American Airlines, Inc., provides scheduled... Read More » By High 5 Blogger on 8/27/2008 9:29 AM |
Jersey City, NJ – August 26, 2008
The LocateStock HIGH FIVE for Tuesday, August 26th are:
5 – Doral Financial – NYSE:DRL
4 – Wachovia – NYSE:WB
3 – Freddie Mac – NYSE:FRE
2 – Fannie Mae – NYSE:FNM
1 – Lehman Brothers – NYSE:LEH
Doral Financial Corporation, (NYSE:DRL) through its subsidiaries, provides a range of financial services primarily in Puerto Rico and New York. The company operates through four segments: Mortgage Banking, Banking, Insurance Agency, and Institutional Securities.
* On Friday Doral Financial reported a significantly narrower loss for the second quarter on a rise in interest income and a fall in provision for bad loans, sending its shares up as much as 20%. But on Monday, news that the lender posted a loss of $6.7 million, or 12 cents a share, compared with a loss of $45.8 million, or $8.49 a share, last year, had shares falling. DRL fell 82 cents or 6.07% to $12.68 on Monday.
Wachovia Corporation, (NYSE:WB) a financial holding... Read More » By High 5 Blogger on 8/26/2008 9:28 AM |
Jersey City, NJ – August 25, 2008
The LocateStock HIGH FIVE for Monday, August 25th are:
5 – Freddie Mac – NYSE:FRE
4 – Wachovia – NYSE:WB
3 – DryShips – NASDAQ:DRYS
2 – Lehman Brothers – NYSE:LEH
1 – Fannie Mae – NYSE:FNM
Freddie Mac (NYSE:FRE) engages in mortgage purchasing, credit guarantee, and portfolio investment activities in the United States. It purchases single-family and multi-family residential mortgages, and mortgage-related securities from lenders in the primary mortgage market that originate mortgages for homebuyers, including mortgage banking companies, commercial banks, savings banks, community banks, credit unions, state and local housing finance agencies, and savings and loan associations.
* Moody's Investors Service slashed ratings on preferred stock of Freddie Mac by five notches, to just above the "junk" level. The move highlighted the risk that it won't be able to pay dividends on the shares. Shares fell 35 cents or 11.08% to $2.81.... Read More » By High 5 Blogger on 8/25/2008 9:27 AM |
Jersey City, NJ – August 22, 2008
The LocateStock HIGH FIVE for Friday, August 22nd are:
5 – Freddie Mac – NYSE:FRE
4 – AMR Corporation – NYSE:AMR
3 – Wachovia – NYSE:WB
2 – Lehman Brothers – NYSE:LEH
1 – Fannie Mae – NYSE:FNM
Freddie Mac (NYSE:FRE) engages in mortgage purchasing, credit guarantee, and portfolio investment activities in the United States. It purchases single-family and multi-family residential mortgages, and mortgage-related securities from lenders in the primary mortgage market that originate mortgages for homebuyers, including mortgage banking companies, commercial banks, savings banks, community banks, credit unions, state and local housing finance agencies, and savings and loan associations.
* Speculation has been building on Wall Street that a government investment to rescue Freddie Mac would come in the form of a cash infusion through the acquisition of preferred shares in the company. Those shares, which pay a bond-like yield, get... Read More » By High 5 Blogger on 8/22/2008 9:26 AM |
Jersey City, NJ – August 21, 2008
The LocateStock HIGH FIVE for Thursday, August 21st are:
5 – US Airways Group – NYSE:LCC
4 – AMR Corporation – NYSE:AMR
3 – Freddie Mac – NYSE:FRE
2 – Lehman Brothers – NYSE:LEH
1 – Fannie Mae – NYSE:FNM
US Airways Group, Inc. (NYSE:LCC) provides air transportation for passengers and cargo. It operates approximately 3,800 flights daily to 230 communities in the continental United States, Hawaii, Alaska, Canada, the Caribbean, Latin America, and Europe.
* Airlines stocks remained under pressure Wednesday as oil prices remained virtually flat following a U.S. government inventories report. Shares of US Airways lost ground, closing down 13 cents or 1.70% to $7.51.
AMR Corporation (AMR), (NYSE:AMR) through its subsidiaries, operates as a scheduled passenger airline in the United States. The company, through its principal subsidiary, American Airlines, Inc., provides scheduled jet service to approximately 170 destinations... Read More » By High 5 Blogger on 8/21/2008 9:26 AM |
Jersey City, NJ – August 20, 2008
The LocateStock HIGH FIVE for Wednesday, August 20th are:
5 – AMR Corporation – NYSE:AMR
4 – Freddie Mac – NYSE:FRE
3 – Washington Mutual – NYSE:WM
2 – Fannie Mae – NYSE:FNM
1 – Lehman Brothers – NYSE:LEH
AMR Corporation (AMR), (NYSE:AMR) through its subsidiaries, operates as a scheduled passenger airline in the United States. The company, through its principal subsidiary, American Airlines, Inc., provides scheduled jet service to approximately 170 destinations throughout North America, the Caribbean, Latin America, Europe, and Asia.
* Airline stocks traded mixed Tuesday as oil prices remained steady at just above $112 a barrel. American parent, AMR Corp., closed down Tuesday to lose $1.35 or 11.81% to $10.08.
Freddie Mac (NYSE:FRE) engages in mortgage purchasing, credit guarantee, and portfolio investment activities in the United States. It purchases single-family and multi-family residential mortgages, and mortgage-related... Read More » By High 5 Blogger on 8/20/2008 9:25 AM |
Jersey City, NJ – August 19, 2008
The LocateStock HIGH FIVE for Tuesday, August 19th are:
5 – Crocs – NASDAQ:CROX
4 – Lehman Brothers – NYSE:LEH
3 – Citigroup – NYSE:C
2 – Freddie Mac – NYSE:FRE
1 – Fannie Mae – NYSE:FNM
Crocs, Inc. (NASDAQ:CROX) and its subsidiaries design, develop, and manufacture consumer products from specialty resins worldwide. It offers footwear for men, women, and children under the crocs brand. The company also offers apparel and accessories, including t-shirts, sweatshirts, hats, beanies, and socks.
* The Bill and Melinda Gates Foundation Trust disclosed holding shares of Crocs as of June 30, according to a U.S. regulatory filing on Thursday. In a filing with the Securities and Exchange Commission, the trust disclosed holding 1 million Crocs shares. On Monday, the stock rocketed 64 cents or 13.70% to $5.31.
Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations,... Read More » By High 5 Blogger on 8/19/2008 9:24 AM |
Jersey City, NJ – August 18, 2008
The LocateStock HIGH FIVE for Monday, August 18th are:
5 – General Motors – NYSE:GM
4 – Lehman Brothers – NYSE:LEH
3 – CAM Commerce Solutions – NASDAQ:CADA
2 – SunPower Corporation – NASDAQ:SPWR
1 – Ambak – NYSE:ABK
General Motors Corporation (NYSE:GM) and its subsidiaries engage in the development, production, and marketing of cars, trucks, and related parts worldwide. It offers small, midsize, sports, and luxury cars; and pickup, van, utilities, and medium duty trucks.
* General Motors said Friday it will announce a multimillion-dollar investment next week in its Lordstown, Ohio plant and also unveil the first photos of the Chevy Cruze, its next step at competing in the red-hot small-car segment. Also, over the weekend, GM pulled out of its longtime sponsorship of the Academy Awards, one of the biggest annual events on broadcast television. Shares of GM lost 17 cents or 1.50% to $11.18 on the news.
Lehman Brothers... Read More » By High 5 Blogger on 8/18/2008 9:23 AM |
Jersey City, NJ – August 1, 2008
The LocateStock HIGH FIVE for Friday, August 1st are:
5 – Citigroup – NYSE:C
4 – Lehman Brothers – NYSE:LEH
3 – Merrill Lynch – NYSE:MER
2 – Bank of America – NYSE:BAC
1 – Washington Mutual – NYSE:WM
Citigroup, Inc., (NYSE:C) together with its subsidiaries, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. The company's Global Consumer Group segment offers various banking, lending, insurance, and investment products and services through its branches, automated teller machines (ATMs), and automated lending machines (ALMs), the Internet, telephone, and mail.
* Financial stocks were mixed Thursday as the broader market fluctuated on troubling economic data and a report showing the number of jobless claims spiked to its highest level in five years. A report issued by Oppenheimer analyst Meredith Whitney said she rates Citigroup shares at “Underperform.”... Read More » By High 5 Blogger on 8/1/2008 9:22 AM |
Jersey City, NJ – July 31, 2008
The LocateStock HIGH FIVE for Thursday, July 31st are:
5 – Fannie Mae – NYSE:FNM
4 – Citigroup – NYSE:C
3 – Lehman Brothers – NYSE:LEH
2 – Bank of America – NYSE:BAC
1 – Merrill Lynch – NYSE:MER
Fannie Mae (NYSE:FNM) provides funds to mortgage lenders through the purchase of mortgage assets, and issues and guarantees mortgage-related securities that facilitate the flow of funds into the mortgage market in the United States. It operates in three segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets.
* On Wednesday the Mortgage Bankers Association said mortgage application volume tumbled last week to its lowest level of the year, down 14% during the week ending July 25, even as interest rates on fixed-rate mortgages retreated from sharp increases a week earlier. Shares of FNM rose an additional rose 61 cents or 5.26% to $12.21 after rising 12.5% on Tuesday.
Citigroup, Inc.,... Read More » By High 5 Blogger on 7/31/2008 9:22 AM |
Jersey City, NJ – July 30, 2008
The LocateStock HIGH FIVE for Wednesday, July 30th are:
5 – Fannie Mae – NYSE:FNM
4 – Citigroup – NYSE:C
3 – Lehman Brothers – NYSE:LEH
2 – Bank of America – NYSE:BAC
1 – Merrill Lynch – NYSE:MER
Fannie Mae (NYSE:FNM) provides funds to mortgage lenders through the purchase of mortgage assets, and issues and guarantees mortgage-related securities that facilitate the flow of funds into the mortgage market in the United States. It operates in three segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets.
* Fannie shares rose with the broader market on Tuesday after initially starting the week off in the red upon Congress approved a housing-rescue bill over the weekend. On Saturday, the Senate passed housing rescue legislation aimed at helping struggling homeowners avoid foreclosure and providing financial support to troubled mortgage giants Fannie and Freddie. Shares of FNM surged $1.29... Read More » By High 5 Blogger on 7/30/2008 9:21 AM |
Jersey City, NJ – July 29, 2008
The LocateStock HIGH FIVE for Tuesday, July 29th are:
5 – Fannie Mae – NYSE:FNM
4 – Citigroup – NYSE:C
3 – Lehman Brothers – NYSE:LEH
2 – Bank of America – NYSE:BAC
1 – Merrill Lynch – NYSE:MER
Fannie Mae (NYSE:FNM) provides funds to mortgage lenders through the purchase of mortgage assets, and issues and guarantees mortgage-related securities that facilitate the flow of funds into the mortgage market in the United States. It operates in three segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets.
* Fannie shares rose with the broader market on Tuesday after initially starting the week off in the red after Congress approved a housing-rescue bill over the weekend. On Saturday, the Senate passed housing rescue legislation aimed at helping struggling homeowners avoid foreclosure and providing financial support to troubled mortgage giants Fannie and Freddie. Shares of FNM surged $1.29... Read More » By High 5 Blogger on 7/29/2008 9:20 AM |
Jersey City, NJ – July 25, 2008
The LocateStock HIGH FIVE for Monday, July 28th are:
5 – Wachovia Corp. – NYSE:WB
4 – Citigroup – NYSE:C
3 – Fannie Mae – NYSE:FNM
2 – Bank of America – NYSE:BAC
1 – Freddie Mac – NYSE:FRE
Wachovia Corporation, (NYSE:WB) a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally. Its deposit products include savings, NOW, money market, and interest-bearing checking accounts, as well as noninterest-bearing deposits and other consumer time deposits.
* Last Tuesday, the same day that Wachovia announced an astonishing second-quarter loss of $8.9 billion, the company’s President and CEO Robert Steel, purchased one million shares for $16.1 million, an average of $16.24 a share. Steel, who took over the top spot July 9, now owns three million shares of the bank’s stock. Wachovia shares fell $1.19 or 7.58% to $14.50 on Friday but ended the week... Read More » By High 5 Blogger on 7/28/2008 9:19 AM |
Jersey City, NJ – July 25, 2008
The LocateStock HIGH FIVE for Friday, July 25th are:
5 – Lehman Brothers – NYSE:LEH
4 – Fannie Mae – NYSE:FNM
3 – Citigroup – NYSE:C
2 – Freddie Mac – NYSE:FRE
1 – Bank of America – NYSE:BAC
Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking, and Investment Management.
* Shares of investment banks including Lehman, fell Thursday along with the broader market after a new report from the National Association of Realtors showed steeper-than-expected declines in sales of existing homes in June. In other news, the city of Los Angeles sued more than 30 municipal bond insurers and Wall Street investment banks, including Lehman, accusing them of fraud and antitrust that it said cost taxpayers millions... Read More » By High 5 Blogger on 7/25/2008 9:18 AM |
Jersey City, NJ – July 24, 2008
The LocateStock HIGH FIVE for Thursday, July 24th are:
5 – Citigroup – NYSE:C
4 – Fannie Mae – NYSE:FNM
3 – Freddie Mac – NYSE:FRE
2 – Wachovia Corporation – NYSE:WB
1 – Bank of America – NYSE:BAC
Citigroup, Inc., (NYSE:C) together with its subsidiaries, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. The company's Global Consumer Group segment offers various banking, lending, insurance, and investment products and services through its branches, automated teller machines (ATMs), and automated lending machines (ALMs), the Internet, telephone, and mail.
* Citigroup’s CFO Gary Crittenden said on Wednesday that there are no plans to split the company up because of credit-related problems and that its capital levels remain strong. Crittenden, speaking on a conference call with fixed-income investors, told investors that Citi managers "have no intention... Read More » By High 5 Blogger on 7/24/2008 9:17 AM |
Jersey City, NJ – July 23, 2008
The LocateStock HIGH FIVE for Wednesday, July 23rd are:
5 – UAL Corporation – NASDAQ:UAUA
4 – Wachovia Corporation – NYSE:WB
3 – Fannie Mae – NYSE:FNM
2 – Freddie Mac – NYSE:FRE
1 – Bank of America – NYSE:BAC
UAL Corporation (NASDAQ:UAUA) offers air transportation services. The company, through its subsidiary, United Air Lines, Inc., provides transportation of persons, property, and mail in the United States and internationally.
* United Airlines posted big losses Tuesday, though its stock surged 68.54% as the company beat Wall Street earnings estimates. United Airlines parents, UAL Corp. said it lost $2.73 billion, or $21.47 per diluted share, in the second quarter. Most of the loss stems from $2.6 billion in accounting charges. Shares of UAUA rose $3.42 to $8.41.
Wachovia Corporation, (NYSE:WB) a financial holding company, provides commercial and retail banking services, and other financial services in the United... Read More » By High 5 Blogger on 7/23/2008 9:17 AM |
Jersey City, NJ – July 22, 2008
The LocateStock HIGH FIVE for Tuesday, July 22nd are:
5 – Citigroup – NYSE:C
4 – Lehman Brothers – NYSE:LEH
3 – Freddie Mac – NYSE:FRE
2 – Bank of America – NYSE:BAC
1 – Fannie Mae – NYSE:FNM
Citigroup, Inc., (NYSE:C) together with its subsidiaries, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. The company's Global Consumer Group segment offers various banking, lending, insurance, and investment products and services through its branches, automated teller machines (ATMs), and automated lending machines (ALMs), the Internet, telephone, and mail.
* Citigroup on Monday declared a quarterly dividend on the company’s common stock of 32 cents per share, payable on August 22, 2008, to stockholders of record on August 4, 2008. Shares of C rose 34 cents or 1.76% to $19.69 on the news.
Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries,... Read More » By High 5 Blogger on 7/22/2008 9:16 AM |
Jersey City, NJ – July 21, 2008
The LocateStock HIGH FIVE for Monday, July 21st are:
5 – Citigroup – NYSE:C
4 – Washington Mutual – NYSE:WM
3 – Lehman Brothers – NYSE:LEH
2 – Freddie Mac – NYSE:FRE
1 – Fannie Mae – NYSE:FNM
Citigroup, Inc., (NYSE:C) together with its subsidiaries, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. The company's Global Consumer Group segment offers various banking, lending, insurance, and investment products and services through its branches, automated teller machines (ATMs), and automated lending machines (ALMs), the Internet, telephone, and mail.
* Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion second-quarter loss on Friday that was smaller than expected. Shares of C rose $1.38 or 7.68% to $19.35 on the news.
Washington Mutual, Inc., (NYSE:WM) together... Read More » By High 5 Blogger on 7/21/2008 9:15 AM |
Jersey City, NJ – July 18, 2008
The LocateStock HIGH FIVE for Friday, July 18th are:
5 – Washington Mutual – NYSE:WM
4 – JP Morgan Chase – NYSE:JPM
3 – Freddie Mac – NYSE:FRE
2 – Lehman Brothers – NYSE:LEH
1 – Fannie Mae – NYSE:FNM
Washington Mutual, Inc., (NYSE:WM) together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking Group, Card Services Group, Commercial Group, and Home Loans Group.
* Shares of national bank Washington Mutual rose sharply Wednesday, getting a boost from better-than-expected earnings results at Wells Fargo and a significant rise in the broader market. Washington Mutual shares continued their rally on Thursday, gaining 46 cents or 10.15% to $4.99 after rocketing more than 25% the day before.
JP Morgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through... Read More » By High 5 Blogger on 7/18/2008 9:15 AM |
Jersey City, NJ – July 17, 2008
The LocateStock HIGH FIVE for Thursday, July 17th are:
5 – National City – NYSE:NCC
4 – Washington Mutual – NYSE:WM
3 – Freddie Mac – NYSE:FRE
2 – Fannie Mae – NYSE:FNM
1 – Lehman Brothers – NYSE:LEH
National City Corporation, (NYSE:NCC) a financial holding company, provides commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management services in the United States. Its retail banking services include deposit gathering and direct lending services, business banking services, education finance, retail brokerage, and lending-related insurance services to consumers and small businesses.
* Regional bank shares advanced Wednesday, in line with the broader market, as Wells Fargo & Co.'s milder-than-expected second-quarter loss and decision to boost its dividend instilled some confidence in the sector. Among the gainers was National City which rose 80 cents or 22.22% to $4.40 on Wednesday.
... Read More » By High 5 Blogger on 7/17/2008 9:14 AM |
| Author: | Daily High 5 Blogger | Created: | 10/22/2009 8:45 AM |  | | The daily HIGH 5 stocks are determined by LocateStock's proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest stocks to short that day. The HIGH 5 is a daily financial news show on Uba TV that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO. |
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