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 Daily High 5 Blog
Jersey City, NJ – October 30, 2008

The LocateStock HIGH 5 for Thursday, October 30th are:

5 – Goldman Sachs – NYSE:GS

4 – Bank of America – NYSE:BAC

3 – Morgan Stanley – NYSE:MS

2 – Merrill Lynch – NYSE:MER

1 – Wachovia – NYSE:WB

The Goldman Sachs Group, Inc. (NYSE:GS) provides a range of investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. It operates in three segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services.

* Goldman Sachs on Wednesday promoted 94 employees to partner, the firm's highest rank and one offering lucrative bonuses. Every two years, Goldman names a class of managing directors to the exclusive rank of "partner managing director." Shares of Goldman rose $5.42 or 5.79% to $98.99 on the news.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides...

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Jersey City, NJ – October 29, 2008

The LocateStock HIGH 5 for Wednesday, October 29th are:

5 – Wells Fargo – NYSE:WFC

4 – Citigroup – NYSE:C

3 – Banc of America – NYSE:BAC

2 – Goldman Sachs – NYSE:GS

1 – Morgan Stanley – NYSE:MS

Wells Fargo & Company, (NYSE:WFC) through its subsidiaries, operates as a financial services company in the United States. It operates in three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial.

* Wells Fargo, along with Wachovia, named two executives to manage the companies’ integration. Steve Boehm, president of the Charlotte bank’s card and payment solutions group, will lead Wachovia in merger planning. Shares of Wells Fargo were boosted $3.63 or 11.77% to $34.36 on Tuesday.

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...

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Jersey City, NJ – October 28, 2008

The LocateStock HIGH 5 for Tuesday, October 28th are:

5 – Morgan Stanley – NYSE:MS

4 – Banc of America – NYSE:BAC

3 – AIG International– NYSE:AIG

2 – JP Morgan – NYSE:JPM

1 – Citigroup – NYSE:C

Morgan Stanley, (NYSE:MS) through its subsidiaries and affiliates, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company operates in three segments: Institutional Securities, Global Wealth Management Group, and Asset Management.

* On Monday Morgan Stanley said it can hold onto physical assets in the energy sector for up to five years even after converting from an investment bank to a more tightly regulated bank holding company last month. Morgan shares fell $2.79 or 16.89% to $13.73 on Monday.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products...

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Jersey City, NJ – October 27, 2008

The LocateStock HIGH 5 for Monday, October 27th are:

5 – Goldman Sachs – NYSE:GS

4 – Wells Fargo – NYSE:WFC

3 – JP Morgan – NYSE:JPM

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

The Goldman Sachs Group, Inc. (NYSE:GS) provides a range of investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. It operates in three segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services.

* Goldman Sachs Group said last Thursday it’s cutting about 10% of its work force amid the ongoing downturn in the credit and lending markets. On Friday shares of Goldman tumbled before the bell and continued the sell off throughout the day. GS closed down $8.18 or 7.53% to $100.40.

Wells Fargo & Company, (NYSE:WFC) through its subsidiaries, operates as a financial services company...

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Jersey City, NJ – October 24, 2008

The LocateStock HIGH 5 for Friday, October 24th are:

5 – Goldman Sachs – NYSE:GS

4 – Micron Technology – NYSE:MU

3 – Dynegy – NYSE:DYN

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

The Goldman Sachs Group, Inc. (NYSE:GS) provides a range of investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. It operates in three segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services.

* Goldman Sachs Group said Thursday it’s cutting about 10% of its work force amid the ongoing downturn in the credit and lending markets. Goldman Sachs will cut about 3,260 jobs. Shares of GS fell $6.13 or 5.34% to $108.58.

Micron Technology, Inc. (NYSE:MU) engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory...

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Jersey City, NJ – October 23, 2008

The LocateStock HIGH 5 for Thursday, October 23rd are:

5 – Wachovia – NYSE:WB

4 – JP Morgan Chase – NYSE:JPM

3 – Wells Fargo – NYSE:WFC

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

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.

* Wachovia reported a miserable third quarter on Wednesday. The bank reported a net loss of $23.9 billion during the quarter, after taking an $18.8 billion goodwill impairment charge ahead of the Wells Fargo deal's completion in the fourth quarter. Shares of WB lost 38 cents or 6.24% to $5.71 on the news.

JPMorgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range...

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Jersey City, NJ – October 22, 2008

The LocateStock HIGH 5 for Wednesday, October 22nd are:

5 – Morgan Stanley – NYSE:MS

4 – Wells Fargo – NYSE:WFC

3 – Nasdaq OMX Group – NASDAQ:NDAQ

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

Morgan Stanley, (NYSE:MS) through its subsidiaries and affiliates, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company operates in three segments: Institutional Securities, Global Wealth Management Group, and Asset Management.

* Goldman Sachs analyst William Tanona advised investors Tuesday to sell Citigroup shares because the bank will struggle to make money over the next year. Goldman also put Citi on its "Conviction Sell List," highlighting that the shares are more expensive than rivals such as Morgan Stanley. Based on such valuation discrepancies, Goldman recommended a pair trade in which clients sell Citi stock and buy Morgan Stanley...

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Jersey City, NJ – October 21, 2008

The LocateStock HIGH 5 for Tuesday, October 21st are:

5 – JP Morgan – NYSE:JPM

4 – Morgan Stanley – NYSE:MS

3 – Wells Fargo – NYSE:WFC

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

JP Morgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset Management.

* On Monday, credit ratings agency Fitch Ratings said the government's move to inject $25 billion apiece in JP Morgan Chase, Bank of America, Citigroup and Wells Fargo should help boost investor confidence, while reducing the amount of bank credit downgrades. Shares of JPM began the week up $1.33 or 3.38% to $40.66.

Morgan Stanley, (NYSE:MS) through its subsidiaries and affiliates, provides various financial products and services to corporations,...

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Jersey City, NJ – October 20, 2008

The LocateStock HIGH 5 for Monday, October 20th are:

5 – JP Morgan – NYSE:JPM

4 – Wells Fargo – NYSE:WFC

3 – Morgan Stanley – NYSE:MS

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

JP Morgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset Management.

* JP Morgan Chase on Thursday became the largest U.S. bank by assets, surpassing long-time leader Citigroup. Shares of JP Morgan lost $1.16 or 2.86% to $39.33 and closed the week down more than 6%.

Wells Fargo & Company, (NYSE:WFC) through its subsidiaries, operates as a financial services company in the United States. It operates in three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial.

* Wells Fargo and the...

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Jersey City, NJ – October 17, 2008

The LocateStock HIGH 5 for Friday, October 17th are:

5 – Wells Fargo – NYSE:WFC

4 – JP Morgan – NYSE:JPM

3 – Morgan Stanley – NYSE:MS

2 – Citigroup – NYSE:C

1 – Banc of America – NYSE:BAC

Wells Fargo & Company, (NYSE:WFC) through its subsidiaries, operates as a financial services company in the United States. It operates in three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial.

* Merrill Lynch reported Thursday a third quarter net loss of $5.2 billion, or $5.58 per diluted share. In the same period last year, the New York-based investment firm lost $2.2 billion, or $2.82 per diluted share. The stock lost 17 cents or .51% to $33.35 ahead of the news on Wednesday.

JP Morgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking,...

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Jersey City, NJ – October 16, 2008

The LocateStock HIGH 5 for Thursday, October 16th are:

5 – Wells Fargo – NYSE:WFC

4 – JP Morgan – NYSE:JPM

3 – Morgan Stanley – NYSE:MS

2 – Citigroup – NYSE:C

1 – Banc of America – NYSE:BAC

Wells Fargo & Company, (NYSE:WFC) through its subsidiaries, operates as a financial services company in the United States. It operates in three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial.

* Merrill Lynch reported Thursday a third quarter net loss of $5.2 billion, or $5.58 per diluted share. In the same period last year, the New York-based investment firm lost $2.2 billion, or $2.82 per diluted share. The stock lost 17 cents or .51% to $33.35 ahead of the news on Wednesday.

JP Morgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial...

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Jersey City, NJ – October 15, 2008

The LocateStock HIGH 5 for Wednesday, October 15th are:

5 – Wells Fargo – NYSE:WFC

4 – JP Morgan – NYSE:JPM

3 – Morgan Stanley – NYSE:MS

2 – Citigroup – NYSE:C

1 – Banc of America – NYSE:BAC

Wells Fargo & Company, (NYSE:WFC) through its subsidiaries, operates as a financial services company in the United States. It operates in three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial.

* down 17 cents or .51% to $33.35

JP Morgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset Management.

* The Treasury agreed to invest more than $100 billion in nine of the largest U.S. banks, including J.P. Morgan on Tuesday. Shares of JP Morgan fell $1.28 or 3.05% to $40.71 on news...

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Jersey City, NJ – October 14, 2008

The LocateStock HIGH 5 for Tuesday, October 14th are:

5 – JP Morgan – NYSE:JPM

4 – Goldman Sachs – NYSE:GS

3 – Banc of America – NYSE:BAC

2 – Citigroup – NYSE:C

1 – Morgan Stanley – NYSE:MS

JPMorgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset Management.

* JPMorgan Chase shares edged higher Monday despite a negative analyst note from Citi Investment Research that the bank may miss Wall Street's expectations for third-quarter earnings as it socks away more money to cover potentially bad loans. Shares rose 35 cents or .84% to $41.99 Monday.

The Goldman Sachs Group, Inc. (NYSE:GS) provides a range of investment banking, securities, and investment management services to corporations, financial institutions,...

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Jersey City, NJ – October 13, 2008

The LocateStock HIGH 5 for Monday, October 13th are:

5 – JP Morgan – NYSE:JPM

4 – Goldman Sachs – NYSE:GS

3 – Banc of America – NYSE:BAC

2 – Citigroup – NYSE:C

1 – Morgan Stanley – NYSE:MS

JPMorgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset Management.

* Shares of JP Morgan fell last Thursday, the first day back to short selling after a three-week ban. The following day though, the bank’s stock rose $4.96 or 13.52% to $41.64.

The Goldman Sachs Group, Inc. (NYSE:GS) provides a range of investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. It operates in three segments: Investment Banking,...

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Jersey City, NJ – October 10, 2008

The LocateStock HIGH 5 for Friday, October 10th are:

5 – Merrill Lynch – NYSE:MER

4 – JP Morgan – NYSE:JPM

3 – Citigroup – NYSE:C

2 – Morgan Stanley – NYSE:MS

1 – Banc of America – NYSE:BAC

Merrill Lynch & Co., Inc., (NYSE:MER) together with its subsidiaries, provides investment, financing, insurance, and related services to individuals and institutions worldwide. It’s Global Markets and Investment Banking segment offers various global market services, which facilitate client transactions and markets in securities, derivatives, currencies, commodities, and other financial instruments for clients; provides financing, securities clearing, settlement, and custody services; and engages in principal and private equity investing and proprietary trading activities.

* Merrill announced on Thursday that, in connection with NYSE Euronext’s acquisition of the American Stock Exchange, it will transfer the listing of the securities...

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Jersey City, NJ – October 9, 2008

The LocateStock HIGH 5 for Thursday, October 9th are:

5 – UAL Corp. – NASDAQ:UAUA

4 – Alpha Natural Resources – NYSE:ANR

3 – Arcelor Mittal – NYSE:MT

2 – Advanced Micro Devices – NYSE:AMD

1 – Ultra Financial ProShares – AMEX:UYG

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 said on Wednesday it will lay off 414 mechanics at its San Francisco maintenance base. The layoffs are part of 7,000 job eliminations announced previously by the Chicago-based carrier as it reduces its flying and eliminates the Boeing 737 from its fleet. Shares of UAUA rose 38 cents or 7.57% to $5.40 on the news.

Alpha Natural Resources, Inc. (NYSE:ANR) produces, processes, and sells steam and metallurgical coal in the United States. It also involves...

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Jersey City, NJ – October 8, 2008

The LocateStock HIGH 5 for Wednesday, October 8th are:

5 – SAP AG – NYSE:SAP

4 – Calamos Convertible & High Income Fund – NYSE:CHY

3 – Energy Conversion Devices – NASDAQ:ENER

2 – Advanced Micro Devices – NYSE:AMD

1 – Ultra Financial ProShares – AMEX:UYG

SAP AG, (NYSE:SAP) together with its subsidiaries, develops, markets, and sells enterprise application software products for corporations, government agencies, and educational institutions in Europe, the Middle East, Africa, North America and Latin America, and the Asia Pacific Japan region.

* SAP on Monday became the first big tech firm to voice what many feared -- saying its latest results would lag views after an "extraordinary" sales slowdown in late September. SAP shares plummeted more than 13%. The next day the stock continued to fall and hit a new low of $36.30 before closing down $3.11 or 7.84% to $36.57. In early September, the stock traded near eight-year highs....

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Jersey City, NJ – October 7, 2008

The LocateStock HIGH 5 for Tuesday, October 7th are:

5 – Agrium – NYSE:AGU

4 – Las Veags Sands – NYSE:LVS

3 – Dendreon – NASDAQ:DNDN

2 – Ultra Financial ProShares – AMEX:UYG

1 – Dr Pepper Snapple Group – NYSE:DPS

Agrium, Inc. (NYSE:AGU) produces and markets agricultural nutrients, industrial products, and specialty products worldwide, as well as involves in the retail supply of agricultural products and services in North and South America. It operates through three segments: Retail, Wholesale, and Advanced Technologies.

* Canaccord Adams downgraded Agrium from “Buy” to “Hold” on Friday and shares plummeted $1.70 or 4.14% to $39.39 on Monday.

Las Vegas Sands Corp. (NYSE:LVS) and its subsidiaries develop and operate hotel, gaming, and resort businesses. It owns the Venetian resort-hotel-casino and the Sands Expo and Convention Center in Las Vegas, Nevada; and The Sands Macao Casino in Macao, the People’s Republic of...

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Jersey City, NJ – October 6, 2008

The LocateStock HIGH 5 for Monday, October 6th are:

5 – Suntech Power Holdings - NASDAQ:STP

4 – Arcelor Mittal – NYSE:MT

3 – Magna International – NYSE:MGA

2 – MGM Mirage – NYSE:MGM

1 – Ultra Financial ProShares – AMEX:UYG

Suntech Power Holdings Co., Ltd. (NYSE:STP) designs, develops, manufactures, and markets various photovoltaic (PV) cells and modules to provide electric power for residential, commercial, industrial, and public utility applications worldwide. It offers various monocrystalline and multicrystalline silicon PV cells; PV modules; and a range of BIPV products and systems.

* Suntech said last Thursday that it’s entering the solar-power financing and management business by buying EI Solutions, a solar integrator and installer. Suntech also said it has formed a joint venture with MMA Renewable Ventures, which finances, owns and operates commercial solar projects. The new venture is called Gemini Solar Development...

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Jersey City, NJ – October 3, 2008

The LocateStock HIGH 5 for Friday, October 3rd are:

5 – UAL Corporation – NASDAQ:UAUA

4 – Bunge Ltd. – NYSE:BG

3 – Intrepid Potash – NYSE:IPI

2 – Agrium – NYSE:AGU

1 – Ultra Financial ProShares – AMEX:UYG

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 had a 72.91% ranking of on-time performance for the month of August. United ranked 15 out of 19 airlines listed. Meanwhile, a Barclays analyst said Thursday that the outlook for airlines is improving, with lower fuel prices and fewer seats setting carriers up for a better 2009. Among the analyst’s top picks is UAL Corp. Shares of UAUA fell 41 cents or 4.31% to $9.11

Bunge Limited (NYSE:BG) engages in the agriculture and food business. It operates in three segments: Agribusiness,...

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Jersey City, NJ – October 2, 2008

The LocateStock HIGH 5 for Thursday, October 2nd are:

5 – Fording Canadian Coal Trust – NYSE:FDG

4 – UAL Corporation – NASDAQ:UAUA

3 – Anthracite Capital – NYSE:AHR

2 – AMR Corporation – NYSE:AMR

1 – Ultra Financial ProShares – AMEX:UYG

Fording Canadian Coal Trust (NYSE:FDG) operates as an open-ended mutual fund trust in Canada. The company holds a 60% interest in Elk Valley Coal, which produces and sells metallurgical coal that is used for making coke by integrated steel mills.

* Fording Canadian Coal Trust unitholders approved a $14 billion takeover by Teck Cominco on Tuesday, clinching a deal that had looked as if it was set to unravel amid the financial crisis. Shares of FDG fell $2.20 or 2.65% to $80.80 on Wednesday.

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...

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Jersey City, NJ – October 1, 2008

The LocateStock HIGH 5 for Wednesday, October 1st are:

5 – Gold Fields – NYSE:GFI

4 – Arch Coal – NYSE:ACI

3 – Alpha Natural Resources – NYSE:ANR

2 – Quantum Fuel Systems Technologies – NASDAQ:QTWW

1 – Ultra Financial ProShares – AMEX:UYG

Gold Fields Limited (NYSE:GFI) engages in the exploration, extraction, processing, and smelting of gold in South Africa, Ghana, Australia, and Peru. It owns various properties, including Driefontein, Kloof, Beatrix, and South Deep gold mines located in South Africa; the Tarkwa and Damang mines located in Ghana; and St Ives and Agnew Gold Mine in located Australia.

* Gold Fields Limited issued and mailed its Annual Report for the financial year to 30 June 2008 to shareholders and other interested parties on Monday. The report incorporates all aspects of the group's business, including reviews of both the South African and international operations, exploration and development projects as well...

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Author:Daily High 5 BloggerCreated: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.