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5 – Citigroup – NYSE:C
4 – Nuveen Quality Income Municipal Fund – NYSE:NQU
3 – Las Vegas Sands – NYSE:LVS
2 – DWS Municipal Income Trust – NYSE:KTF
1 – Ford Motor – NYSE:F
* The Wall Street Journal reported that former Merrill Lynch chief John Thain said he was unfairly blamed by Bank of America CEO Ken Lewis for controversial decisions, such as billions of dollars in bonuses that were given out as the company faced massive losses. Fellow bank stock Citigroup fell 3.8% to 3.07 on the news Monday.
* Nuveen Quality Municipal Fund debuts on the HIGH 5 after climbing just two pennies to close at $12.55 on Monday.
* Casino company Las Vegas Sands declined to comment Monday on a Hong Kong newspaper's report that Sands might sell the first foreign-owned casino in the Chinese island of Macau under a leaseback arrangement worth $1.3 billion. Shares of LVS plunged 6.9% to $6.91 on the news.
* DWS Municipal Income Trust Fund debuts on the HIGH 5 after climbing .20%... Read More » By High 5 Blogger on 4/29/2009 7:08 AM |
5 – Yingli Green Energy – NYSE:YGE
4 – Petro-Canada – NYSE:PCZ
3 – Mohawk Industries – NYSE:MHK
2 – Citigroup – NYSE:C
1 – Ford Motor – NYSE:F
* Yingli Green Energy rose less than half a percent Friday but is up more than 58% the past month. Shares of YGE climbed .31% to close at $6.46 Friday.
* Suncor Energy and Petro-Canada announced the executive team that is expected to lead the combined company on closing of the proposed merger last week. Shares of Petro Canada rose 2.7% to $31.80.
* Shares of Mohawk Industries spiked Friday, a day after the floor covering maker reported better-than-expected first-quarter results and earnings outlook. The company posted a wider loss of $105.9 million, or $1.55 per share, compared with a profit of $65.4 million, or 95 cents per share, in the year-earlier period. Shares of MHK rocketed 29.6% in their HIGH 5 debut.
* Over the weekend, Sumitomo Mitsui Financial Group emerged as the most likely candidate to buy Citigroup's... Read More » By High 5 Blogger on 4/27/2009 10:44 AM |
5 – ITT Educational Services – NYSE:ESI
4 – Citigroup – NYSE:C
3 – Office Depot – NYSE:ODP
2 – Morgan Stanley – NYSE:MS
1 – Dendreon – NASDAQ:DNDN
* For-profit education provider ITT Educational Services posted quarterly results above analysts' expectations and raised its 2009 earnings view on Thursday. The company raised 2009 earnings forecast to a range of $7.00 to $7.25 a share, boosted by the continued growth in enrollments. Shares of ESI fell 1.1% in their debut on the HIGH 5.
* Bank stocks pulled off a gain after a wobbly session Thursday but Citigroup was on the losing end. Shares of Citi fell 1.5% to $3.20 on the NYSE.
* Office Depot urged businesses of all sizes to go green in the office just in time for Earth Day 2009. Understanding today's difficult economic environment, Office Depot is reminding its customers that purchasing environmentally preferable products, participating in green solutions, practicing greener habits and overall thinking "green" can... Read More » By High 5 Blogger on 4/27/2009 8:19 AM |
5 – Morgan Stanley – NYSE:MS
4 – Manulife Financial – NYSE:MFC
3 – Dendreon – NASDAQ:DNDN
2 – Ford – NYSE:F
1 – Citigroup – NYSE:C
* Morgan Stanley revealed itself as the bad apple of bank stocks on Wednesday when it aired its quarterly results. The bank reported that it swung to a first-quarter loss on a rebound in its bond prices. The company also is cutting its quarterly dividend 81% to 5 cents a share. Shares of MS plummeted 9% to $22.44.
* A.M. Best assigned a debt rating of "aa-" to the issuance of CAD 600 million 7.768% medium-term notes due 2019 of Manulife Financial Corporation. The notes are considered senior debt and are issued under a pricing supplement dated April 1, 2009. Shares of MFC fell 1.6% to $15.78 on the news Wednesday.
* One day after Lazard Capital Markets upgraded Dendreon to "buy" from "hold," Merriman Curhan Ford also upgraded the stock to a "buy" from "neutral." Shares of DNDN rose about 2% to $20.12 on the news.
* Shares of Ford... Read More » By High 5 Blogger on 4/24/2009 8:57 AM |
5 – J.C. Penney – NYSE:JCP
4 – CVB Financial – NASDAQ:CVBF
3 – Manulife Financial – NYSE:MFC
2 – Dendreon – NASDAQ:DNDN
1 – Citigroup – NYSE:C
* J.C. Penney shares are up more than 35% so far in 2009, with most of the gain coming after it surprised Wall Street and investors with a smaller-than-expected drop in March same-store sales late last week. Most recently, JCP rose 2.1% to $26.06 on Tuesday.
* CVB Financial reported net income of $13.2 million for the first quarter ending March 31, 2009. This represents a decrease of $3.0 million, or 18.64%, when compared with net earnings of $16.2 million for the first quarter of 2008. Shares of CVBF rose 5.2% in their debut on the HIGH 5 on Monday.
* Manulife said it will donate $10,000 to the Canadian Red Cross to support efforts to assist those affected by flooding along the Red River in Manitoba. Shares of MFC rose 3.1% to more than $16 on the news Tuesday.
* Lazard Capital Markets upgraded Dendreon on Tuesday... Read More » By High 5 Blogger on 4/22/2009 2:32 PM |
5 – KeyCorp– NYSE:KEY
4 – Bank of America – NYSE:BAC
3 – Gannett – NYSE:GCI
2 – Las Vegas Sands – NYSE:LVS
1 – Citigroup – NYSE:C
* Bank stocks plunged Monday, dragging down the broader market, as concerns about deteriorating credit overshadowed a recent string of better-than-expected earnings reports. Shares of regional banks, including KeyCorp, plunged as well. KEY lost 18.3% to $7.40 on Monday.
* Bank of America proved on Monday that it didn't just return to profitability last quarter, it soared. BofA blew away Wall Street expectations on Monday, reporting a first-quarter profit of 44 cents per share. The figure was 11 times the average analyst estimate of 4 cents per share. Shares of BAC plunged 24.3% to $8 to close out the day.
* Struggling to survive as readership and advertising drop, the Detroit Free Press celebrated winning a Pulitzer Prize on Monday for its reporting of a sex scandal that brought down the city's mayor. The Free Press, owned by Gannett... Read More » By High 5 Blogger on 4/21/2009 9:25 AM |
5 – Macerich – NYSE:MAC
4 – BB&T Corp. – NYSE:BBT
3 – Regions Financial – NYSE:RF
2 – MGM Mirage – NYSE:MGM
1 – Citigroup – NYSE:C
* Macerich was granted a maturity extension on Inland Center, its 1 million-square-foot anchored retail center in San Bernardino, CA. The two-year extension of the $54 million loan features coupon step-ups beginning in July 2009 that incrementally increases the loan's coupon from 4.64% to 6%. Shares of MAC rose 12.2% to $15.35 on the news Friday.
* BB&T Corp. on Friday posted a 37% decline in first-quarter profit, as loans that were overdue or written off as unpaid surged and the regional bank put aside more cash to cover souring credit. But the results beat Wall Street expectations, and the stock rallied 11.2% to close at $23.42.
* Regions Financial said late last Thursday it will report a profit even though a host of analysts have predicted a loss in the first quarter. CEO Dowd Ritter said the bank has at least $5 billion more in its... Read More » By High 5 Blogger on 4/20/2009 11:18 AM |
5 – CapitalSource – NYSE:CSE
4 – J.C. Penney Company – NYSE:JCP
3 – Citigroup – NYSE:C
2 – Chimera Investment – NYSE:CIM
1 – MGM Mirage – NYSE:MGM
* Late last month the CFO of CapitalSource, Thomas Fink, resigned. Effective May 1, Mr. Fink will leave the company to pursue other interests. CapitalSource named Donald Cole as his replacement. Shares of CSE fell 1% to about $2 in its HIGH 5 debut.
* JCPenney said it will host a meeting for analysts and investors on Wednesday, April 22, 2009 in New York City. Meanwhile the retailer, along with JA Apparel, announced the launch of JOE Joseph Abboud at stores beginning in September. Shares of JCP rose 4.1% to $26.19 in their debut.
* Citigroup closed up on news that JPMorgan slipped 10% from a year ago, but earnings of $2.14 billion, or 40 cents a share, were better than analyst forecasts. Citi is expected to report before the opening bell this Friday morning. Shares of Citi rose 1% to $4.
* Yesterday Chimera Investment... Read More » By High 5 Blogger on 4/17/2009 1:21 PM |
5 – Barclays – NYSE:BCS
4 – Chimera Investment – NYSE:CIM
3 – Patriot Coal – AMEX:PCX
2 – Regions Financial – NYSE:RF
1 – Citigroup – NYSE:C
* UBS' large first-quarter loss slammed into European markets on Wednesday, sapping a three-day winning streak. It did the opposite to European stocks trading on American markets though, like Barclay's. Shares of BCS rose 12.2% to $12.30.
* Earlier this month, the Board of Directors of Chimera Investment Corporation declared the first quarter 2009 common stock cash dividend of $0.06 per common share. This dividend is payable April 29, 2009 to common shareholders of record on April 6, 2009. The ex-dividend date is April 2, 2009. With the payable date fast approaching, Chimera fell 1% to $3.25.
* Patriot Coal said that Robert W. Bennett has been named Senior Vice President and Chief Marketing Officer, succeeding Michael V. Altrudo, who will be retiring from the Company effective April 30. Shares of PCX plunged 9.1% to $4.50 on... Read More » By High 5 Blogger on 4/17/2009 8:51 AM |
5 – Regions Financial – NYSE:RF
4 – UBS AG – NYSE:UBS
3 – PharmAthene – AMEX:PIP
2 – Bank of America – NYSE:BAC
1 – Citigroup – NYSE:C
* Shares of most bank stocks, including Regions Financial, fell Tuesday, reflecting declines in the broader market. The drop comes ahead of more earnings reports from some of the biggest names in the industry. JPMorgan Chase reports results on Thursday. Shares of RF fell 6% to $4.73.
* A wealthy Florida yacht broker, caught up in a federal probe of UBS AG pleaded guilty on Tuesday to using the Swiss bank to hide more than $3 million in assets from the U.S. government. The guilty plea is thought to be the first by a UBS client in a widening tax-evasion investigation of the bank. Shares of UBS rose more than 3% to $11.20.
* Joining the HIGH 5 for the first time ever and just days after its fourth quarter conference call is PharmAthene. Shares of PIP plummeted 9.7% to $2.62 in their debut.
* The Securities and Exchange Commission... Read More » By High 5 Blogger on 4/15/2009 2:21 PM |
5 – MGM Mirage – NYSE:MGM
4 – Quicksilver Resources – NYSE:KWK
3 – Regions Financial – NYSE:RF
2 – Dendreon – NASDAQ:DNDN
1 – Bank of America – NYSE:BAC
* MGM Mirage shares jumped almost 18% Monday amid news that the casino company's lenders will let it cover its partner's half of a $70 million payment on a mammoth casino development in Las Vegas. That payment deadline has been pushed to Friday. The stock rose 95 cents to $6.25 on the news.
* Keefe Bruyette downgraded Regions Financial last Thursday to "market perform" from "outperform." Shares of RF started the week off in the green by rocketing 16.7% to $5.
* Quicksilver said the company's president and chief executive officer will present at the upcoming IPAA energy conference on April 21, 2009 at 2:25 p.m. eastern. Shares of KWK rose less than 1% to $7.90.
* Dendreon on Monday said it would hold a conference call with investors on Tuesday to discuss long-awaited results from a late-stage study of its... Read More » By High 5 Blogger on 4/15/2009 2:20 PM |
5 – Goldman Sachs – NYSE:GS
4 – Regions Financial – NYSE:RF
3 – Quicksilver Resources – NYSE:KWK
2 – Citigroup – NYSE:C
1 – Ford Motor – NYSE:F
* Wells Fargo said last Thursday that it expects record first-quarter earnings of $3 billion, blowing past analysts' estimates and providing an encouraging sign for the banking industry. HIGH 5 stock Goldman Sachs reports first-quarter financial results on Tuesday. Shares of GS rocketed 8.4% to more than $124.
* Keefe Bruyette downgraded Regions Financial on Thursday to "market perform" from "outperform." The stock traded obliviously to that though, with shares rocketing 12.5% to $4.30.
* Late last month Moody's Investors Service downgraded the ratings on exploration and production company Quicksilver Resources to reflect the company's high debt levels. Shares of KWK seemed to brush that aside on Thursday though as the stock rocketed 16% to close up $7.83.
* Stocks surged Thursday to their highest levels in two months... Read More » By High 5 Blogger on 4/13/2009 8:23 AM |
5 – MBIA – NYSE:MBI
4 – Suntech Power Holdings – NYSE:STP
3 – Goldman Sachs – NYSE:GS
2 – MFA Financial – NYSE:MFA
1 – Ford Motor – NYSE:F
* Investment firm Third Avenue Management has sued two MBIA units, alleging the bond insurer's recent move to split its business was "illegal" and has hurt debt holders. Shares of MBI plunged 4% to $4.62 on the news Wednesday.
* Suntech Power announced on Wednesday that the Eagle Solar Roof with SolarBlend from Suntech is a 50+ SMART CHOICE Award winner. Winning products were chosen for being green, sustainable, energy efficient, environmentally friendly and innovative. Shares of STP rocketed 6.1% to $13.43 on the news.
* Goldman Sachs comes in as the #3 stock after an Oppenheimer analyst raised quarterly and full-year estimates on the company driven by more "robust" trading during the quarter. Shares of GS fell 1.2% to about $115 on Wednesday.
* At the beginning of this month, MFA Financial announced that its Board of... Read More » By High 5 Blogger on 4/9/2009 7:49 AM |
5 – Citigroup – NYSE:C
4 – CB Richard Ellis Group – NYSE:CBG
3 – General Motors – NYSE:GM
2 – Ford Motor – NYSE:F
1 – MGM Mirage – NYSE:MGM
* Take the highest bidder out to the ballgame. The New York Mets are employing a unique method of selling remaining tickets for the first official game at Citi Field -- by auction. Tickets are being auctioned through 5 p.m. Wednesday for the April 13 game against the San Diego Padres. Citigroup's shares rose 1.5% to $2.76 on Tuesday.
* CB Richard Ellis Group has been named to the BusinessWeek 50—that publication's list of best performers across all industries—for the third year in a row. Shares of CBG plunged 9.1% to $4.38 on Tuesday.
* Auto parts suppliers deemed critical to General Motors operations have been allocated $2.1 billion to be distributed through GM under the U.S. government's bailout of the U.S. auto parts industry. The government will supply $2 billion and GM will put $100 million of its own money into the bailout... Read More » By High 5 Blogger on 4/8/2009 2:45 PM |
5 – Dendreon – NASDAQ:DNDN
4 – Lincoln National – NYSE:LNC
3 – Ford Motor – NYSE:F
2 – Citigroup – NYSE:C
1 – MGM Mirage – NYSE:MGM
* Dendreon is back on the HIGH 5 for the first time since October. The company's stock shot up 9.9%, weeks ahead of the potential release of late-stage study data on the developing prostate cancer drug Provenge. DNDN closed up at $6.58 on the Nasdaq yesterday.
* Lincoln National's debt costs have soared on concerns about investment losses and impending debt maturities. For instance, Lincoln's 4.75% bonds due 2014 have dropped to around 51 cents on the dollar, to yield over 21%, from 80 cents in early March. Shares of LNC dropped 7.5% to $6.38.
* Ford said it will cut its debt by almost 40% through a debt-for-equity swap. The automaker said that holders of $4.3bn of senior convertible notes, or 88% of the total, had taken up its shares-and-cash offer. Ford rocketed 16% to $3.77 on the news.
* On Monday a new executive, Mike Corbat,... Read More » By High 5 Blogger on 4/7/2009 10:51 PM |
5 – Macerich – NYSE:MAC
4 – Bank of America – NYSE:BAC
3 – DryShips – NASDAQ:DRYS
2 – Ford Motor – NYSE:F
1 – General Motors – NYSE:GM
* Real estate investment trust, Macerich, shot up 22.5% to almost $10 on Friday. Earlier last week, Macerich announced $446 million worth of loan refinancing. More than 10 million shares were trading. Average volume is about 4 million.
* The board at Bank of America has authorized the payment of $713 million in dividends to the U.S. government under the Troubled Asset Relief Program. BofA received $45 billion in federal funds from the program. Shares of BAC shot up 5% to $7.60 on Friday.
* Shares of Greek drybulk shipper, DryShips, were in the red Friday as the Baltic Dry Index fell for the fourth straight week. Shares of DRYS closed down 1.7% to $5.25.
* Ford said its CEO's total pay in 2008 was down from his pay a year earlier. Alan Mullaly's total pay was valued at $13.6 million, down from $21.7 million in 2007. Shares... Read More » By High 5 Blogger on 4/5/2009 9:29 PM |
5 – Goldman Sachs – NYSE:GS
4 – Bank of America – NYSE:BAC
3 – Ford Motor – NYSE:F
2 – Lincoln National – NYSE:LNC
1 – Citigroup – NYSE:C
* A senior Goldman Sachs investment banker said Thursday that the U.S. deals market is in the midst of a cyclical downturn, but it should continue its general upward trend. He added that the mergers and acquisitions market has grown at an average annual clip of 8.5% since 1985 despite cyclical volatility over the years, such as the slowdown now due to the financial crisis Shares of GS rose more than 3.5% to more than $114.
* Bank of America CEO Ken Lewis is upbeat -- about both his company and the broader U.S. economy. He told CNBC Thursday, "I am optimistic that we're getting close to the bottom and that we'll be seeing signs of recovery." Shares of BAC rose an additional 2.7% to $7.25 on the news.
* Ford Motor said it's in talks with unions to cut the working week at its sole Russian assembly plant to compensate for expected... Read More » By High 5 Blogger on 4/3/2009 3:08 PM |
5 – DryShips – NASDAQ:DRYS
4 – Macerich – NYSE:MAC
3 – General Motors – NYSE:GM
2 – Ford Motor – NYSE:F
1 – Bank of America – NYSE:BAC
* It's been a rocky week for Greek dry bulk shipper, DryShips. After getting a going concern notice from its auditors, the shipper's shares plummeted. The stock closed in the green on Tuesday by almost 3% but then fell less than 1% to little more than $5.
* Earlier this week, real estate investment fund, Macerich, announced $446 million of financing activity. The refinancing plans include a commitment for a $205 million refinancing of North Bridge Center in Chicago at a fixed interest rate of 7.5%. Shares of MAC rocketed 16.8% to $7.31 on Thursday.
* General Motors traded flat on Wednesday despite news the automaker has launched a "Total Confidence Program" on the country's tax paying dollars.
* Ford Motor on Wednesday posted March U.S. vehicle sales declines in excess of 40%, which was actually better than what Wall Street... Read More » By High 5 Blogger on 4/2/2009 8:16 AM |
5 – DryShips – NASDAQ:DRYS
4 – General Motors – NYSE:GM
3 – Citigroup – NYSE:C
2 – JPMorgan Chase – NYSE:JPM
1 – Bank of America – NYSE:BAC
* On Monday Greek dry bulk carrier DryShips said it got a going concern notice from its auditors as the company reclassified $1.8 billion of long-term debt as current. Shares of DryShips rose 2.8% to more than $5 on Tuesday but is down overall this week.
* A quick, negotiated bankruptcy is the most likely way for General Motors to restructure and become a competitive automaker, President Barack Obama believes, according to a published report. The automaker has been given 60 days to fix its debt-ridden balance sheet, cut billions in costs and take other steps to transform itself into a profitable entity. Shares of GM plummeted 28.2% to $2 on the news. The stock is down more than 50% so far this week.
* Financial stocks rebounded along with the wider market Tuesday, as buying resumed after two straight losing sessions. Citigroup... Read More » By High 5 Blogger on 4/1/2009 10:38 AM |
5 – Ford Motor – NYSE:F
4 – DryShips – NASDAQ:DRYS
3 – General Motors – NYSE:GM
2 – Bank of America – NYSE:BAC
1 – Citigroup – NYSE:C
* President Barack Obama pledged Monday to restore the U.S. auto industry to its former glory, but said General Motors and Chrysler may have to file bankruptcy in order to get there. Though not directly named by the administration, Ford Motor began the week off by falling 2.8% to $2.76 on the news.
* Greek dry bulk carrier DryShips said it got a going concern notice from its auditors as the company reclassified $1.8 billion of long-term debt as current. Shares of DryShips fell as much as 19% mid-session Monday but closed the day down 15.5% to less than $5.
* Obama took the extraordinary step of announcing the government will back new car warranties issued by both GM and Chrysler, an attempt to reassure consumers their U.S.-made purchases will be protected even if the companies don't survive. This came after the Obama administration... Read More » By High 5 Blogger on 3/30/2009 11:05 PM |
5 – General Motors – NYSE:GM
4 – Cisco – NASDAQ:CSCO
3 – DryShips – NASDAQ:DRYS
2 – Citigroup – NYSE:C
1 – Developers Diversified Realty – NYSE:DDR
* The Obama administration said it will set a strict deadline for General Motors to reach cost-cutting deals with creditors and their major union on Friday. GM shares rose 6.2% to $3.62 on the NYSE Friday.
* Cisco shares fell 2.1% Friday down to $16.95. The stock closed the week up 6.5% on the Nasdaq.
* DryShips shares traded lower in the morning on Friday only to reverse course mid-day and close in the green. Shares changed hands at more than double the average trading volume to close up 14.7%.
* Top executives of the nation's biggest banks, including Citigroup's Vikram Pandit met Friday with President Barack Obama and said that they will work with the administration on its economic recovery plans. Citi shares plunged 6.8% to $2.62.
* Fitch downgraded several ratings on Developers Diversified Realty Corp.... Read More » By High 5 Blogger on 3/30/2009 12:27 PM |
5 – Yingli Green Energy – NYSE:YGE
4 – Las Vegas Sands – NYSE:LVS
3 – Cisco – NASDAQ:CSCO
2 – Suntech Power Holdings – NYSE:STP
1 – Citigroup – NYSE:C
* Shares of solar-energy companies jumped on Chinese subsidies on Thursday which signals optimism that the Obama administration will succeed in pushing through policies that help the industry. Shares of YGE rocketed 45% to $6 on the news.
* Casino operator Las Vegas Sands' is reportedly in talks with Goldman Sachs and Lehman Brothers about a credit amendment that would let it buy back up to $800 million in debt. LVS closed up 3% to $3.12 on Thursday.
* Cisco shares rose 4.5% on Thursday to $17.30, just 70 cents off its $18 price target set by Goldman Sachs.
* Shares of solar companies rallied sharply on Thursday after the Chinese government said it would launch a generous new subsidy for the clean power systems. Suntech Power was among those that rallied with shares closing up 44% to $11.30.
* BofA... Read More » By High 5 Blogger on 3/27/2009 7:13 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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