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5 – Genco Shipping & Trading – NYSE:GNK
4 – Quicksilver Resources – NYSE:KWK
3 – Bank of America – NYSE:BAC
2 – Chimera Investment – NYSE:CIM
1 – Las Vegas Sands – NYSE:LVS
* Genco Shipping & Trading lead shippers Thursday on news that fellow shipper, FreeSeas reported Q1 earnings of $0.29 per share beat analysts estimates of $0.24 per share. GNK rocketed more than $2 or 9.43% to $23.80 on Thursday.
* Independent oil and gas company Quicksilver Resources said it was seeking an amendment to its credit agreement of about $598 million of outstanding debt. Shares of the company closed up 7.5% at $10.75 on the news Thursday.
* Bank of America on Thursday sold $2.5 billion of 10-year non-FDIC guaranteed notes. The 7.625% notes were priced to yield about 410 basis points more than comparable U.S. Treasuries. Shares of BAC rose 3.6% to $11.30 on the news.
* On Wednesday Chimera Investment announced that it has set the price for the public offering of 168 million... Read More » By High 5 Blogger on 5/29/2009 11:19 AM |
5 – LDK Solar – NYSE:LDK
4 – Yingli Green Energy – NYSE:YGE
3 – CIT Group – NYSE:CIT
2 – Las Vegas Sands – NYSE:LVS
1 – Bank of America – NYSE:BAC
* LDK Solar said Tuesday that it plans to develop five photovoltaic plants in Italy in partnership with system integrator ESPE Srl. Also on Wednesday, President Obama shed some light on his clean energy plans when he toured a "photovoltaic array" at an air force base near Las Vegas. Nellis Air Force Base's $100 million solar power system covers 140 acres and generates more than 14 megawatts of electricity. Shares of LDK rocketed 4.5% to $8.79.
* Shares of Yingli Green Energy rocketed Wednesday just a day after receiving an upgrade from an analyst at Lazard Capital Markets. The analyst lifted his rating on Yingli to buy from hold Tuesday morning. Shares of YGE surged 9% to $12.14 on the news.
* According to Trade Alert, trading in CIT Group was particularly robust Wednesday, with investors picking up 71,000 calls that... Read More » By High 5 Blogger on 5/28/2009 10:04 AM |
5 – Suntech Power Holdings – NYSE:STP
4 – LDK Solar – NYSE:LDK
3 – PIMCO Income Opp Fund – NYSE:PKO
2 – Bank of America – NYSE:BAC
1 – Las Vegas Sands – NYSE:LVS
* Suntech Power Holdings recently priced its offering of 20 million American Depositary Shares at $12.50 per ADS. As well, Ardour Capital upgraded Suntech to "hold" from "reduce" last Friday. Shares of STP began the week in the green, closing up 11.6% to $13.93 on Tuesday. * LDK Solar announced Tuesday that it has entered into an agreement with ESPE Srl, a leading system integrator within the PV sector, to develop PV plants in the Apulia region of Italy. Construction has commenced on the first of five plants totaling 5 MW. Shares of LDK rocketed more than 8.2% to $8.41 on the news. * PIMCO Income Opp Fund debuts on the HIGH 5 after declaring a monthly common share dividend of about 2 cents per share. The dividends will be payable on June 1, 2009 to shareholders of record on May 11, 2009. PKO finished flat... Read More » By High 5 Blogger on 5/28/2009 10:04 AM |
5 – Yingli Green Energy – NYSE:YGE
4 – Potash of Saskatchewan – NYSE:POT
3 – Suntech Power Holdings – NYSE:STP
2 – Bank of America – NYSE:BAC
1 – Las Vegas Sands – NYSE:LVS
* Solar cell maker Yingli Green Energy Holding reported a worse-than-expected first-quarter loss on Friday and reduced its guidance for 2009 shipments, the China-based company said it lost $20.7 million, or 16 cents per American Depositary share. During the same period last year it reported a profit of $32.3 million, or 25 cents per ADS. Shares of YGE plunged 7.5% to $9.35 on Friday.
* Citigroup upgraded Potash of Saskatchewan on Friday to "buy" from "hold." Shares rose more than 4.5% to $114.50 on the news.
* Suntech Power Holdings said Friday it has priced its offering of 20 million American Depositary Shares at $12.50 per ADS. The price was a 97 cent, or 7% discount from its Thursday closing price of $13.47. As well, Ardour Capital upgraded Suntech to "hold" from "reduce." Shares of STP fell... Read More » By High 5 Blogger on 5/27/2009 7:51 AM |
5 – Data Domain – NASDAQ:DDUP
4 – Spectra Energy Partners – NYSE:SEP
3 – Regions Financial – NYSE:RF
2 – Las Vegas Sands – NYSE:LVS
1 – Bank of America – NYSE:BAC
* Data Domain was downgraded Thursday by Argus to "sell" from "hold." Traders did the opposite though and bought, as shares of DDUP rocketed 34% to $24 in their HIGH 5 debut.
* Late on Wednesday Spectra Energy Partners said that its public offering of approximately 9,000,000 common units was priced at $22.00 per unit to the public. The Partnership expects the delivery of the units to occur on May 27, 2009. Shares of SEP plunged 4.6% to $21 in their HIGH 5 debut.
* One of the biggest losers yesterday was Regions Financial which closed down 16.2% to $4.10 on extremely heavy volume. Regions priced 400 million shares of common stock at $4 per share, as it works towards raising the capital that regulators insisted upon after the recent stress tests. Shares of RF are down 22% in just two days.
* Big news... Read More » By High 5 Blogger on 5/27/2009 7:51 AM |
5 – J. Crew Group – NYSE:JCG
4 – Regions Financial – NYSE:RF
3 – Yingli Green Energy – NYSE:YGE
2 – Las Vegas Sands – NYSE:LVS
1 – Bank of America – NYSE:BAC
* Debuting on the HIGH 5 is Mrs. Obama's favorite stock, ok, maybe it's just her favorite store. J. Crew Group announced Wednesday that the conference call to review its first quarter fiscal 2009 financial results will be broadcast live over the Internet on Thursday, May 28, 2009 at 4:30 p.m. Eastern Time. Shares of JCG fell more than 3.6% to less than $20.
* Regions Financial said Wednesday that it plans to offer $1 billion in common stock and $250 million in mandatory convertible preferred shares to help fill a $2.5 billion common equity hole regulators identified through their stress test. Shares of RF plunged 6.7% to $4.89 on the news.
* Yingli Green Energy announced Wednesday that it will hold its first quarter earnings conference call on Friday May 22, 2009 at 8:00 a.m. Eastern Time. Shares of YGE rocketed... Read More » By High 5 Blogger on 5/22/2009 7:24 AM |
5 – Potash of Saskatchewan – NYSE:POT
4 – Bank of America – NYSE:BAC
3 – Gannett – NYSE:GCI
2 – Las Vegas Sands – NYSE:LVS
1 – Citigroup – NYSE:C
* Potash of Saskatchewan debuts on the HIGH 5 after rising 2.7% to $114.48.
* Late on Tuesday Bank of America raised $13.47 billion through a share sale, marking a major step toward meeting the U.S. government's requirements for capital-raising following the recent "stress testing" of the bank. Shares fell 4.1% to $11.25 ahead of the news.
* A federal judge ruled Tuesday that the Arizona attorney general's office failed to show that the Tucson Citizen's owner, Gannett, violated antitrust laws by ending the 138-year-old newspaper with last Saturday's issue. Shares of GCI finished the day flat, closing $4.56 on the NYSE.
* Las Vegas Sands fell Tuesday after rocketing 12% the day before on news that MGM was upgraded and that billionaire majority stake holder Kirk Kerkorian's investment vehicle bought 14.3 million... Read More » By High 5 Blogger on 5/20/2009 2:26 PM |
5 – Regions Financial – NYSE:RF
4 – First Solar – NASDAQ:FSLR 3 – CapitalSource – NYSE:CSE
2 – Bank of America – NYSE:BAC
1 – Las Vegas Sands – NYSE:LVS
* Just one day after Regions Financial was placed on negative watch by Fitch Ratings, Moody's Investors Service downgraded its ratings on Regions, expecting Regions to report losses at least through the rest of this year and into 2010 because of continued trouble in the credit markets. Shares of RF rocketed 12% to $5.43 on Monday.
* The solar sector soared in Monday trading as First Solar rose 4.2% to $184.90 on last week's record-setting solar thermal contract from Pacific Gas & Electric signaled continued demand from utilities. Shares also rose ahead of the much-anticipated energy bill, which investors expect will deliver generous provisions for solar energy once passed.
* Capital Source's President and Chief Executive Officer, Tad Lowrey, presented at the Eighth Annual JMP Securities Research Conference on yesterday... Read More » By High 5 Blogger on 5/20/2009 9:00 AM |
5 – Regions Financial – NYSE:RF
4 – Cheniere Energy – AMEX:LNG 3 – Citigroup – NYSE:C
2 – Las Vegas Sands – NYSE:LVS
1 – Bank of America – NYSE:BAC
* Fitch Ratings on Friday placed nine U.S. banks, including Regions Financial, on negative watch after it determined the institutions have vulnerability to continued credit deterioration. Meanwhile, over the weekend, Regions said its' planning to open nine new branches across its 16-state footprint. Shares of RF fell 2.6% to $4.85 on Friday.
* Last week Cheniere Energy urged the U.S. federal energy regulator to approve a request to export liquefied natural gas from its Sabine Pass terminal in Louisiana, in a letter. Shares of LNG fell 1% to less than $4 on the AMEX Friday.
* Citigroup sold $2 billion in 10-year notes on Friday that were not guaranteed by the U.S. government. The bank joins the growing list of financial companies selling unguaranteed debt to raise capital while proving they do not need the government's help... Read More » By High 5 Blogger on 5/18/2009 10:35 AM |
5 – Genworth Financial – NYSE:GNW
4 – Gannett – NYSE:GCI
3 – Bank of America – NYSE:BAC
2 – MGM Mirage – NYSE:MGM
1 – Fortress Investment Group – NYSE:FIG
* Provider of mortgage and life insurance Genworth Financial, led a rally in U.S. life insurance stocks on Thursday. Raymond James, in a research report, said it was raising its 12-month share target price for Genworth to $5.50 from $3, citing strength in the company's U.S. retirement and protection business. GNW rocketed more than 20.2% to $4.99 on the news.
* Gannett shares made a slight recovery on Thursday after its biggest investor called it quits and sold most of its stake in the publisher of USA Today earlier in the week. Shares of GCI rose 3.3% to $4.41 on the news.
* A group of 18 financial institutions, including Bank of America, sued MBIA claiming the bond insurer's decision to split its businesses earlier this year was fraudulent and left one of the units effectively "insolvent." Shares of BAC rose... Read More » By High 5 Blogger on 5/15/2009 12:16 PM |
5 – MGM Mirage – NYSE:MGM
4 – Regions Financial – NYSE:RF 3 – Citigroup – NYSE:C
2 – BB&T – NYSE:BBT
1 – Bank of America – NYSE:BAC
* Casino operator MGM Mirage said Wednesday that it would tap its majority shareholder, billionaire Kirk Kerkorian, and use two of its most famous resorts as collateral to help raise $2.5 billion in capital as it fights to save itself and pay down some of its $14 billion in debt. Fitch Ratings upgraded its ratings for MGM because of the news. Shares of MGM plummeted 30% to $8.70 on the news.
* Regions Financial was told by the government that it must raise $2.5 billion as a result of the stress test. Under the government's worst-case scenario the bank could lose $4.9 billion on commercial real estate loans and $2.1 billion on home mortgages. Shares of RF plummeted an additional 12.2% to $4.70 on Tuesday. The stock is down 28% so far this week.
* Citigroup shares fell hard on Wednesday after reports that the government will seek more regulation... Read More » By High 5 Blogger on 5/14/2009 1:50 PM |
5 – Regions Financial – NYSE:RF
4 – Citigroup – NYSE:C
3 – Huntington Bancshares – NASDAQ:HBAN
2 – Ford Motor – NYSE:F
1 – Bank of America – NYSE:BAC
* Regions Financial was told by the government that it must raise $2.5 billion as a result of the stress test. Under the government's worst-case scenario the most losses for the company would be $4.9 billion on commercial real estate loans and $2.1 billion on home mortgages. Shares of RF plummeted more than 9.6% to $5.35 on Tuesday.
* Citigroup said Tuesday that the $45 billion in government capital it has borrowed has been used to make nearly that much in new loans. Shares slipped 5.2% to $3.66 on the news.
* A team of analysts at Keefe, Bruyette & Woods estimated in a report Tuesday that numerous regional and community banks not included in the government's "stress test" analysis will need to raise capital to offset rising loan losses. The KBW team found that Huntington Bancshares is in need of the most capital... Read More » By High 5 Blogger on 5/14/2009 7:42 AM |
5 – Capital One Financial – NYSE:COF
4 – Huntington Bancshares – NASDAQ:HBAN
3 – Citigroup – NYSE:C
2 – AIG – NYSE:AIG
1 – Bank of America – NYSE:BAC
* Capital One Financial said it would sell 64.4 million in common shares to pay back $3.55 billion in government bailout funds. Shares of COF plummeted more than 13.5% to $27.10 in its HIGH 5 debut.
* Huntington Bancshares successfully completed a $120 million stock offering and a positive note from Bank of America. The two sparked shares to close higher by 9.8% to $5.71 on the Nasdaq.
* Citigroup investors withheld more than 20% of their votes for the reelection of four directors, after critics said the board's lack of oversight contributed to a series of government bailouts and $37.5 billion of losses over 15 months. Citi fell 4% to $3.86 on Monday.
* AIG's chief executive is set to tell Congress on Wednesday that "rampant" criticism of the insurance group could destroy its value and hurt taxpayers. Edward... Read More » By High 5 Blogger on 5/12/2009 10:45 AM |
5 – AeroVironment – NASDAQ:AVAV
4 – Delta Petroleum – NASDAQ:DPTR
3 – Huntington Bancshares – NASDAQ:HBAN
2 – Citigroup – NYSE:C
1 – Bank of America – NYSE:BAC
* The District of Columbia, Nissan and AeroVironment announced a partnership last week that could bring hundreds of electric cars and charging stations to the city. Mayor Adrian Fenty says the deal will allow D.C. to cut costs and become more energy efficient. Shares of AVAV fell 3.1% Friday after rocketing almost 18% the day before.
* Delta Petroleum announced late last Thursday that it has priced its underwritten registered public offering of common stock. Delta agreed to sell 150 million shares of its common stock at a public offering price of $1.50 per share. J.P. Morgan Securities, BMO Capital Markets and Deutsche Bank Securities are acting as joint book-running managers for the offering. Shares of DPTR plunged 33.5% in its debut on the HIGH 5.
* Regional banks that were not subjected to the government's... Read More » By High 5 Blogger on 5/12/2009 10:37 AM |
5 – AeroVironment – NASDAQ:AVAV
4 – LDK Solar – NYSE:LDK
3 – Bank of America – NYSE:BAC
2 – Huntington Bancshares – NASDAQ:HBAN
1 – Citigroup – NYSE:C
* The District of Columbia, Nissan and AeroVironment announced a partnership that could bring hundreds of electric cars and charging stations to the city. Mayor Adrian Fenty says the deal will allow D.C. to cut costs and become more energy efficient. Shares of AVAV rocketed 17.8% to 28.99 in their debut on Thursday.
* LDK Solar is the #4 stock on the HIGH 5 after falling 10.5% to $9.71 on the NYSE on Thursday.
* Bank of America was ordered by the government on Thursday to find $33.9 billion of capital, as a result of the government's stress test findings. The bank said it planned to sell assets and issue more common stock to cover the shortfall. Shares of BAC rose 6.5% to $13.51 to close the session before the results came out.
* On Thursday Jim Cramer of CNBC said he's a fan of Huntington Bancshares. "With... Read More » By High 5 Blogger on 5/8/2009 2:02 PM |
5 – Capital Source – NYSE:CSE
4 – Ford Motor – NYSE:F
3 – MGM Mirage – NYSE:MGM
2 – Huntington Bancshares – NASDAQ:HBAN
1 – Citigroup – NYSE:C
* CapitalSource will issue its earnings results for the first quarter of 2009 on Thursday, May 7, 2009 before the markets open. A conference call to discuss the results will be hosted on Thursday, May 7, 2009 at 8:00 a.m. EDT. Shares of CSE rose 9.2% to $3.90 ahead of the earnings on Wednesday.
* Ford Motor stripped "truck" from the name of one its Detroit-area plants Wednesday as it announced plans to build its next-generation Focus there instead, including a battery-electric version. CEO Alan Mulally announced plans to invest $550 million to retool the Michigan Truck plant so it can make small cars it will sell worldwide. Shares of F rocketed 7% to $6.26 on the news.
* MGM Mirage said the sale of a hotel and casino for $775 million helped the company report a first-quarter profit, and its CEO said demand looks to be firming.... Read More » By High 5 Blogger on 5/7/2009 4:31 PM |
5 – Bank of America – NYSE:BAC
4 – MGM Mirage – NYSE:MGM
3 – Huntington Bancshares – NASDAQ:HBAN
2 – Las Vegas Sands – NYSE:LVS
1 – Citigroup – NYSE:C
* According to the results of a government stress test released Tuesday, Bank of America has been deemed to need an additional $34 billion in capital. Shares of BAC rose 4.4% to $10.84 on the NYSE Tuesday.
* MGM Mirage reported its first-quarter profit dropped 11% from a year earlier, thanks to the company's profit which was lifted by the sale of its Treasure Island casino in Las Vegas to investor Phil Ruffin for $775 million. MGM's estimates were reduced at Barclays through 2010 while Merrill/BofA upgraded MGM from Underperform to Buy with a $15 price target. Shares of MGM surged 35.6% to $12.80 on the news Tuesday.
* Credit ratings agency Standard & Poor's said it is reviewing whether to cut the ratings of 23 regional and national banks on Tuesday. Huntington Bancshares along with the others, were placed on "CreditWatch... Read More » By High 5 Blogger on 5/6/2009 3:26 PM |
5 – Meritage Homes – NYSE:MTH
4 – Ford Motor – NYSE:F
3 – Yingli Green Energy – NYSE:YGE
2 – Citigroup – NYSE:C
1 – Las Vegas Sands – NYSE:LVS
* A 3.2% jump in pending home sales surprised analysts on Monday, sending homebuilder stocks, including Meritage Homes, skyward. Meritage was among those leading the sector and closed up 13.3% to $23.38 on the news.
* Despite Ford's weak April sales report announced late last week, the automaker was able to gain global market share on Monday. Shares of F rose 3.3% to $5.88 on the NYSE.
* Yingli Green Energy had an impressive gain on Monday after rival Canadian Solar said it signed a new contract with Topinfrasolar. Shares of YGE rocketed more than 16% to $8.53 on the news.
* Citigroup may put more employees on commission or offer them larger base salaries as it tries to retain key staffers without running evading laws limiting executive pay at banks that receive government funds. Shares of Citi rocketed 7.7% to $3.20... Read More » By High 5 Blogger on 5/5/2009 9:48 AM |
5 – Nuveen Quality Income Municipal Fund – NYSE:NQU
4 – MGM Mirage – NYSE:MGM
3 – Las Vegas Sands – NYSE:LVS
2 – Bank of America – NYSE:BAC
1 – Ford Motor – NYSE:F
* Nuveen Investments announced Friday that 106 Nuveen closed-end funds, including Nuveen Quality Income Municipal Fund had declared regular monthly distributions. Shares of NQU fell just 1 penny to $12.69 on Friday.
* MGM Mirage saw its stock fall Friday. The company reports first-quarter earnings today (Monday) after the market close. MGM closed down 6.2% to $7.86 on Friday.
* Casino operator Las Vegas Sands announces their first-quarter earnings tomorrow (Tuesday) after the market close. Shares of LVS rose 2.3% to $8 on Friday.
* Over the weekend, The Financial Times reported that Bank of America is working on plans to raise more than $10 billion in fresh capital, even as it and Citigroup launch last-ditch attempts to convince the U.S. government they do not need to bolster their balance sheets.... Read More » By High 5 Blogger on 5/4/2009 1:06 PM |
5 – Sequenom – NASDAQ:SQNM
4 – Petroleo Bras Petrob – NYSE:PBR-A
3 – Bank of America – NYSE:BAC
2 – Ford Motor – NYSE:F
1 – MGM Mirage – NYSE:MGM
* Sequenom said it will delay launching its Down syndrome test because of "employee mishandling" that it said appeared to affect all studies of the test. Shares of SQNM plummeted 76% or more than $11 to $3.62.
* Brazil's Petrobras announced in a live webcast for the production Going on Stream at the PETROBRAS Tupi Field yesterday. Shares of PBR-A fell less than 1% to $27 in their debut yesterday.
* Bank of America's board said it is not planning to remove Chief Executive Kenneth Lewis after he was ousted as chairman under shareholder pressure. Shares of BAC rose 2.9% to $8.93 on the news Thursday.
* Ford Motor said it doesn't expect to experience disruptions in its supply chain due to Chrysler's bankruptcy filing. The automaker said it is monitoring the situation, and while it hopes Chrysler's bankruptcy will be... Read More » By High 5 Blogger on 5/4/2009 1:06 PM |
5 – SAP AG – NYSE:SAP
4 – Magellan Midstream Partners – NYSE:MMP
3 – Huntington Bancshares – NASDAQ:HBAN
2 – Dendreon – NASDAQ:DNDN
1 – SunPower Corporation – NASDAQ:SPWRA
* SAP AG debuts on the HIGH 5 after reporting that profit fell 16% and revenue dropped 3% in the first quarter. The German-based business software developer said Wednesday that its net income for the quarter was 204 million euros compared with 242 million euros in the same quarter of 2008. Shares plunged 4.7% to $38.46 on the news Wednesday.
* The board of directors for the general partner of Magellan Midstream Partners has declared the partnership's quarterly cash distribution of 71 cents per unit for the period Jan. 1 through March 31, 2009. The first-quarter distribution is 6% higher than the first-quarter 2008 distribution of 67.25 cents per unit. Shares of MMP rose 4.5% to $34.85 on Wednesday.
* Huntington Bancshares said it's teaming up with a Columbus affordable housing developer to help... Read More » By High 5 Blogger on 5/1/2009 7:57 AM |
5 – Huntington Bancshares – NASDAQ:HBAN
4 – Citigroup – NYSE:C
3 – Ford Motor – NYSE:F
2 – Dendreon – NASDAQ:DNDN
1 – SunPower Corporation – NASDAQ:SPWRA
* Coverage was initiated on Huntington Bancshares by Deutsche Securities to "hold" Tuesday. Shares of HBAN fell 6.4% to $2.78 in their debut on the HIGH 5.
* The preliminary results of the government's "stress test" found that Citigroup will need to raise more capital unless they succeed in appealing the findings. Shares of Citi fell an additional 5.9% to $2.89 on the news Tuesday.
* Building on the Ford Advantage Plan, Ford said it will donate $20 in the name of each prospective customer that test drives a Ford, Lincoln or Mercury vehicle through June 1, up to $1 million to Susan G. Komen for the Cure. Shares of F closed up 1.6% to $5.19 on the news Tuesday.
* An experimental treatment from Dendreon added four months to the lives of men with advanced prostate cancer in a study. Meanwhile just ahead of... Read More » By High 5 Blogger on 4/30/2009 8:35 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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