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 Daily High 5 Blog
Jersey City, NJ – September 29, 2008

The LocateStock HIGH 5 for Monday, September 29th are:

5 – Coeur d’Alene Mines – NYSE:CDE

4 – Micron Technology – NYSE:MU

3 – Qwest Communications Intl – NYSE:Q

2 – Agrium – NYSE:AGU

1 – United Microelectronics – NYSE:UMC

Coeur d'Alene Mines Corporation, (NYSE:CDE) through its subsidiaries, engages in the exploration and development of mineral properties principally in the United States, South America, Australia, and Africa. The company primarily explores for silver, gold, lead, and zinc deposits.

* Coeur d’Alene Mines ended Friday flat after a JPMorgan analyst downgraded silver and gold miner earlier in the week. Analyst John Bridges lowered his rating on the stock to "Neutral" from "Overweight." Shares of CDE ended the day where it began on the NYSE at $1.78.

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

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Jersey City, NJ – September 26, 2008

The LocateStock HIGH 5 for Friday, September 26th are:

5 – DryShips – NASDAQ:DRYS

4 – Suntech Power Holdings – NYSE:STP

3 – Arcelor Mittal – NYSE:MT

2 – Cisco Systems – NASDAQ:CSCO

1 – AMR Corporation – NYSE:AMR

AbitibiBowater, Inc. (NYSE:ABH) produces various newsprint and commercial printing papers, market pulp, and wood products worldwide. It offers newspapers, as well as newsprint for various applications, including advertising inserts, flyers, brochures, circulars, telephone and other directories, and commercial guides.

DryShips, Inc. (NASDAQ:DRYS) engages in the ownership and operation of drybulk carriers worldwide. The company's fleet carries various drybulk commodities, including coal, iron ore, and grains, bauxite, phosphate, fertilizers, and steel products.

* Top Ship said it is exploring a possible sale on Thursday to an affiliate of George Economou, the single largest shareholder in the Greek shipping...

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Jersey City, NJ – September 25, 2008

The LocateStock HIGH 5 for Thursday, September 25th are:

5 – Focus Media Holding – NASDAQ:FMCN

4 – Suntech Power Holdings – NYSE:STP

3 – Alpha Natural Resources – NYSE:ANR

2 – AMR Corporation – NYSE:AMR

1 – Energy Conversion Devices – NASDAQ:ENER

Focus Media Holding Limited (NASDAQ:FMCN) operates out-of-home advertising network using audiovisual television displays in China. Its out-of-home advertising network consists of commercial location network, in-store network, poster frame network, mobile handset advertising network, and outdoor LED network.

* Roth Capital initiated coverage on Focus Media on Tuesday to a Buy. Shares of FMCN rocketed $1.95 or 6.27% to $33.03 on Wednesday.

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....

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Jersey City, NJ – September 24, 2008

The LocateStock HIGH 5 for Wednesday, September 24th are:

5 – Arcelor Mittal – NYSE:MT

4 – Coeur d’Alene – NYSE:CDE

3 – UAL Corporation – NASDAQ:UAUA

2 – BHP Billiton – NYSE:BHP

1 – Energy Conversion Devices – NASDAQ:ENER

ArcelorMittal (NYSE:MT) produces and markets steel worldwide. The company produces a range of finished and semi-finished carbon steel products comprising flat products, including sheet and plate; long products, including bars, rods, and structural shapes; and stainless steel products. It serves various global customer markets, including automotive, construction, household appliances, and packaging with sizeable captive supplies of raw materials and distribution networks.

* ArcelorMittal, South Africa's unit of the world's top steel maker said on Tuesday a worker had been killed at one of its plants in South Africa, the first such fatality at the group this year. The worker was killed after exposure to...

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Jersey City, NJ – September 23, 2008

The LocateStock HIGH FIVE for Tuesday, September 23rd are:

5 – Doral Financial – NYSE:DRL

4 – Market Vectors Coal – NYSE:KOL

3 – HSN Inc. – NASDAQ:HSNI

2 – BHP Billiton – NYSE:BHP

1 – Ultra Financials ProShares – AMEX:UYG

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.

* Doral Financial announced that the Federal Deposit Insurance Corporation (FDIC) terminated the Order to Cease and Desist with its principal subsidiary, Doral Bank. The Order was put in place on February 19, 2008 for Bank Secrecy Act (BSA) compliance in regards to the BSA/Anti Money Laundering Compliance Program. Shares of DRL fell $2.33 or 13.09% to $15.47.

The Market Vectors Coal (NYSE:KOL) investment seeks replicate as closely as possible,...

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Jersey City, NJ – September 22, 2008

The LocateStock HIGH FIVE for Monday, September 22nd are:

5 – Panera Bread Co. – NASDAQ:PNRA

4 – Blockbuster – NYSE:BBI

3 – General Electric – NYSE:GE

2 – AMR Corp. – NYSE:AMR

1 – HSN Inc. – NYSE:HSNI

Panera Bread Company, (NASDAQ:PNRA) together with its subsidiaries, operates and franchises retail bakery-cafes in the United States. Its retail products include fresh baked goods, soups, salads, custom roasted coffees, and other complementary products.

* Shares of Panera Bread fell Friday after a week of gains when the company reaffirmed its third-quarter profit guidance earlier in the week. Panera said it still expects to post earnings of $0.42 to $0.44 a share. Panera fell $2.28 or 3.88% to $56.60 on Friday.

Blockbuster, Inc., (NYSE:BBI) together with its subsidiaries, operates and franchises entertainment-related stores in the United States and internationally. It offers pre-recorded videos, as well as video games...

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Jersey City, NJ – September 19, 2008

The LocateStock HIGH FIVE for Friday, September 19th are:

5 – Goldman Sachs – NYSE:GS

4 – Banc of America – NYSE:BAC

3 – American International Group – NYSE:AIG

2 – Citigroup – NYSE:C

1 – Morgan Stanley – NYSE:MS

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.

* Thursday’s session was the subject of governmental oversight into the practices of short-selling. In steps aimed squarely at the bearish practice, the country's largest pension fund, the California Public Employees' Retirement System, said it was taking steps to limit the practice on three financial stocks and the New York attorney general called for a wide-ranging...

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Jersey City, NJ – September 18, 2008

The LocateStock HIGH FIVE for Thursday, September 18th are:

5 – Morgan Stanley – NYSE:MS

4 – Washington Mutual – NYSE:WM

3 – Wachovia – NYSE:WB

2 – Merrill Lynch – NYSE:MER

1 – American International Group – NYSE:AIG

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.

* The NY Times said late Wednesday that Morgan Stanley, one of the two major Wall Street banks left standing, was considering a possible merger with Wachovia, or another bank. Short sellers hacked away at Morgan Stanley on Wednesday, sending its shares down $6.95 or 24.22% to $21.75.

Washington Mutual, Inc., (NYSE:WM) together with its subsidiaries, operates as a consumer and small business...

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Jersey City, NJ – September 17, 2008

The LocateStock HIGH FIVE for Wednesday, September 17th are:

5 – Bank of America – NYSE:BAC

4 – Washington Mutual – NYSE:WM

3 – Wachovia – NYSE:WB

2 – Merrill Lynch – NYSE:MER

1 – American International Group – NYSE:AIG

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Analysts view the Bank of America acquisition...

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Jersey City, NJ – September 16, 2008

The LocateStock HIGH FIVE for Tuesday, September 16th are:

5 – Bank of America – NYSE:BAC

4 – Washington Mutual – NYSE:WM

3 – Wachovia – NYSE:WB

2 – Merrill Lynch – NYSE:MER

1 – American International Group – NYSE:AIG

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Analysts view the Bank of America acquisition...

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Jersey City, NJ – September 15, 2008

The LocateStock HIGH FIVE for Monday, September 15th are:

5 – MBIA – NYSE:MBI

4 – Wachovia – NYSE:WB

3 – General Motors – NYSE:GM

2 – Washington Mutual – NYSE:WM

1 – Lehman Brothers – NYSE:LEH

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.

* Bond insurer MBIA said last week that David Moffett has resigned from the company's board of directors. Moffett was recently appointed the new chief executive of mortgage financier Freddie Mac, which earlier this week was taken over by the government. Shares of MBI fell 70 cents or 5.11% to $12.99 on Friday. The stock lost 8.5% on the week.

Wachovia Corporation, (NYSE:WB) a financial...

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Jersey City, NJ – September 12, 2008

The LocateStock HIGH FIVE for Friday, September 12th are:

5 – MBIA – NYSE:MBI

4 – Wachovia – NYSE:WB

3 – Merrill Lynch – NYSE:MER

2 – Washington Mutual – NYSE:WM

1 – Lehman Brothers – NYSE:LEH

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.

* Bond insurer MBIA said Wednesday night that David Moffett has resigned from the company's board of directors. Moffett was recently appointed the new chief executive of mortgage financier Freddie Mac, which earlier this week was taken over by the government. Shares of MBI fell 51 cents or 3.59% to $13.69 on Thursday.

Wachovia Corporation, (NYSE:WB) a financial holding company, provides...

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Jersey City, NJ – September 11, 2008

The LocateStock HIGH FIVE for Thursday, September 11th are:

5 – Wachovia – NYSE:WB

4 – Fannie Mae – NYSE:FNM

3 – Freddie Mac – NYSE:FRE

2 – Washington Mutual – NYSE:WM

1 – Lehman Brothers – NYSE:LEH

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 said Tuesday it is on track to reduce its exposure to troubled securities and loans by $20 billion this year, and still expects to reduce expenses by $2 billion by the end of 2009. The bank also disclosed that it will pay an up-front cash bonus of $4 million to its new chief financial officer and give him options on 1 million shares of the company’s stock and 800,000...

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Jersey City, NJ – September 10, 2008

The LocateStock HIGH FIVE for Wednesday, September 10th are:

5 – MBIA – NYSE:MBI

4 – Hecla Mining – NYSE:HL

3 – Wachovia – NYSE:WB

2 – Washington Mutual – NYSE:WM

1 – Lehman Brothers – NYSE:LEH

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.

* Bond insurers including MBIA fell with the rest of the market on Tuesday. MBI fell $2.11 or 13.02% to $14.09.

Hecla Mining Company, (NYSE:HL) a precious metals company, engages in the discovery, acquisition, development, production, and marketing of silver, gold, lead, and zinc. It owns a 100% interest in the Lucky Friday unit located in northern Idaho; a 29.7% interest in the...

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Jersey City, NJ – September 9, 2008

The LocateStock HIGH FIVE for Tuesday, September 9th are:

5 – AMR Corporation – NYSE:AMR

4 – Lehman Brothers – NYSE:LEH

3 – Freddie Mac – NYSE:FRE

2 – Fannie Mae – NYSE:FNM

1 – Washington Mutual – NYSE:WM

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.

* Shares of AMR fell Monday as the price of oil was driven up by concerns over Hurricane Ike approaching the Gulf of Mexico and over a report about United Airlines parent UAL Corp. filing for bankruptcy. AMR fell 49 cents or 4.47% to $10.46 on the news.

Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments...

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Jersey City, NJ – September 8, 2008

The LocateStock HIGH FIVE for Monday, September 8th are:

5 – Wachovia – NYSE:WB

4 – MBIA – NYSE:MBI

3 – Fannie Mae – NYSE:FNM

2 – Lehman Brothers – NYSE:LEH

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.

* Wachovia will release its third quarter 2008 results on Wednesday, Oct. 22, 2008. Wachovia CEO Robert K. Steel will review Wachovia's results via teleconference and live audio webcast beginning at 10 a.m. Eastern time. Shares of Wachovia gained $1.22 or 7.86% to $16.75 last Friday.

MBIA, Inc., (NYSE:MBI) through its subsidiaries, provides financial guarantee insurance and credit protection...

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Jersey City, NJ – September 5, 2008

The LocateStock HIGH FIVE for Friday, September 5th are:

5 – Lehman Brothers – NYSE:LEH

4 – Fannie Mae – NYSE:FNM

3 – MBIA – NYSE:MBI

2 – Freddie Mac – NYSE:FRE

1 – AMR Corp. – NYSE:AMR

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.

* An analysis done by JPMorgan showed that not taking over Bear Stearns last March could've resulted in the failure of Lehman Brothers, Merrill Lynch and possibly Morgan Stanley. Lehman lost 1.77% or 10.45% to $15.17 on Thursday.

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...

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Jersey City, NJ – September 4, 2008

The LocateStock HIGH FIVE for Thursday, September 4th are:

5 – MBIA – NYSE:MBI

4 – Freddie Mac – NYSE:FRE

3 – Fannie Mae – NYSE:FNM

2 – Lehman Brothers – NYSE:LEH

1 – Ambac – NYSE:ABK

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.

* Bond insurer MBIA rose slightly on Wednesday after Ambac Financial received regulatory approval to launch a new bond insurance business. Shares of MBIA rose 27 cents or 1.67% to $16.41.

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...

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Jersey City, NJ – September 3, 2008

The LocateStock HIGH FIVE for Wednesday, September 3rd are:

5 – Washington Mutual – NYSE:WM

4 – Freddie Mac – NYSE:FRE

3 – MBIA – NYSE:MBI

2 – Fannie Mae – NYSE:FNM

1 – Lehman Brothers – NYSE:LEH

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.

* On Tuesday Friedman, Billings, Ramsey & Co. analyst Paul Miller Jr. listed Washington Mutual along with Bank of America, JPMorgan Chase, Wachovia, and Wells Fargo among the banks with the most exposure to the troubled housing market in western Florida. Shares of WaMu began the shortened week up 19 cents or 4.69% to $4.24.

Freddie Mac (NYSE:FRE) engages in mortgage purchasing, credit guarantee, and portfolio investment activities in the United States. It purchases...

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Jersey City, NJ – September 2, 2008

The LocateStock HIGH FIVE for Tuesday, September 2nd are:

5 – Freddie Mac – NYSE:FRE

4 – Ambac – NYSE:ABK

3 – MBIA – NYSE:MBI

2 – Washington Mutual – NYSE:WM

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.

* Shares of Freddie Mac and Fannie Mae fell Friday, after the Bank of China said it reduced its portfolio of securities issued or guaranteed by the mortgage financiers by about 25 percent since the end of June. The bank said Thursday it cut its holdings...

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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...

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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...

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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.