LocateStock Daily High 5 Blog

LocateStock Daily High 5 for Thursday December 31, 2009

Tue, 05 Jan 2010 14:01:45 GMT

5 – PIMCO Floating Rate Strategy Fund – NYSE:PFN

4 – Qwest Communications International – NYSE:Q

3 – Nordstrom – NYSE:JWN

2 – UQM Technologies – AMEX:UQM

1 – Citigroup – NYSE:C

* PIMCO Floating Rate Strategy Fund announced earlier this week that effective on or about March 1, 2010, the Fund will change its name and rescind its non-fundamental investment policy. The new name for PFN will be PIMCO Income Strategy Fund II. Shares of PFN fell 2.5 percent to $9.96 in its debut on Wednesday.

* Fitch Ratings affirmed its issuer default rating for Quest Communications International and said its rating outlook for the company remains stable. Shares of Q finished flat to close at $4.24 on the NYSE Wednesday.

* Retail stocks were mixed Wednesday following a weaker-than-anticipated consumer-confidence report. Nordstrom fell on the news to close down .60 percent to $38.17 on the NYSE.

* UQM Technologies recently announced that it has acquired a 30-acre site in Colorado to support its expected growth in manufacturing operations. Shares of UQM tumbled 4.3 percent to $6.73 on the AMEX on Wednesday.

* Citigroup stock is on track to close the year among the S&P 500's top 10 laggards. The stock was on the HIGH 154 times out of 252 trading days in 2009. Shares of C fell 1.5 percent to $3.32 on the NYSE on Wednesday.

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LocateStock is the premiere electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. 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.

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.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

CONTACT: pressrelease@locatestock.com / 212-425-6000

SOURCE: Locate Stock, LLC

LocateStock Daily High 5 for Wednesday December 30, 2009

Wed, 30 Dec 2009 14:43:43 GMT

5 – Arcelor Mittal – NYSE:MT

4 – Genworth Financial – NYSE:GNW

3 – MBIA – NYSE:MBI

2 – Echelon Corporation – NASDAQ:ELON

1 – Citigroup – NYSE:C

* Arcelor Mittal on Tuesday, said that a subsidiary privately placed a $750 million bond with a Luxembourg affiliate of Calyon, an investment-banking subsidiary of Credit Agricole. Shares of MT rose 2.4 percent to $46.77 on the news.

* Genworth Financial is back on the HIGH 5 for third straight day, after climbing .30 percent to $11.94 on the NYSE Tuesday.

* MBIA is back on the HIGH 5 after recently closing down 1 percent to $4.06 on the NASDAQ Tuesday.

* Echelon Corporation recently announced a collaboration with Green Energy Options to develop energy displays for Echelon's Networked Energy Services (NES) System. Shares of ELON fell 6 percent to $11.58 in its debut on the HIGH 5 Tuesday.

* A Bank of America analyst cut his fourth quarter earnings targets on a couple of banks yesterday but left Citigroup's unchanged at 36 cents a share. Shares of C fell .60 to $3.37 on the NYSE on the news Tuesday.

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For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

CONTACT: pressrelease@locatestock.com / 212-425-6000

SOURCE: Locate Stock, LLC

LocateStock Daily High 5 for Tuesday December 29, 2009

Tue, 29 Dec 2009 13:56:07 GMT

5 – Avis Budget Group – NYSE:CAR

4 – Principal Financial Group – NYSE:PFG

3 – Sprint Nextel – NYSE:S

2 – Genworth Financial – NYSE:GNW

1 – Citigroup – NYSE:C

* Avis Budget Group is the first stock on the HIGH 5 this Tuesday after shedding 1.7 percent to $13.27 on Monday.

* Principal Financial Group is back on the HIGH 5 for the second day in a row after short sellers knocked the stock down 1.9 percent to less than $25 on the NYSE yesterday.

* Shares of Sprint Nextel were pushed lower yesterday to close down 2.2 percent to $3.65 on the NYSE.

* In a largely expected move, S&P lowered its ratings on several mortgage insurance groups last week, including Genworth Financial. Shares of GNW inched up .10 percent to $11.91 on Monday.

* Citigroup is the top stock on the HIGH 5 Tuesday after a Sandler O'Neil analyst said on Fast Money that "significant upside remains in Citi." Shares of C rose 1.2 percent to $3.39 on the NYSE.

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For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

CONTACT: pressrelease@locatestock.com / 212-425-6000

SOURCE: Locate Stock, LLC

LocateStock Daily High 5 for Monday December 28, 2009

Tue, 29 Dec 2009 13:55:49 GMT

5 – Principal Financial Group – NYSE:PFG

4 – Genworth Financial – NYSE:GNW

3 – Research In Motion Limited – NASDAQ:RIMM

2 – Bank of the Carolinas – NASDAQ:BCAR

1 – Citigroup – NYSE:C

* Principal Financial Group is the first stock on the HIGH 5 after climbing .10 percent to $25.46 in the latest trading session on Christmas Eve.

* In a largely expected move, S&P lowered its ratings on several mortgage insurance groups last week, including Genworth Financial. Shares of GNW rose 1 percent to $11.90 ahead of the Christmas holiday.

* On Christmas Eve, a Kaufman Bros. analyst said in a bulletin that Research In Motion had fixed various network issues that had affected service for the company's BlackBerry product over the preceding days. He also said that concerns about the network problems were "overblown" and said he would take advantage of recent weakness in RIMM shares. RIMM fell 1 percent to $66.92 on Thursday.

* Bank of the Carolinas is the #2 stock on the HIGH 5 after shedding .40 percent to $4.95 on the Nasdaq last Thursday.

* Citigroup on Wednesday repaid $20 billion in bailout money and also received government approval to pay executives what it wants. Shares of C rose 1.8 percent to $3.35 on the NYSE last Thursday.

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For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

CONTACT: pressrelease@locatestock.com / 212-425-6000

SOURCE: Locate Stock, LLC

LocateStock Daily High 5 for Thursday December 24, 2009

Tue, 29 Dec 2009 13:55:17 GMT

5 – Bank of the Carolinas – NASDAQ:BCAR

4 – Petroleo Brasileiro – NYSE:PBR

3 – Research In Motion Limited – NASDAQ:RIMM

2 – Citigroup – NYSE:C

1 – Las Vegas Sands – NYSE:LVS

* Bank of the Carolinas is the first stock on the HIGH 5 on Christmas Eve. Shares of BCAR added 1.4 percent to $4.97 yesterday.

* Brazil's state-controlled energy firm Petrobras bought a 40.4 percent stake in a mill that produces ethanol biofuel from sugar cane, the company said on Tuesday. Shares of PBR climbed 2.6 percent to $47.05 the following day on the NYSE.

* Research In Motion's Blackberry Internet service was disrupted from Tuesday night to Wednesday morning — the second failure in a less than a week. RIMM rose .6 percent to $67.61 on the Nasdaq yesterday.

* Citigroup on Wednesday repaid $20 billion in bailout money and received a government ruling that it's no longer covered by the pay restrictions imposed on companies receiving the most rescue money. Shares of C fell 1.5 percent to $3.29 on the NYSE.

* Las Vegas Sands Chairman Sheldon Adelson said earlier this week that he expects to restart construction on the casino operator's delayed resort projects in Macau in about five months. Shares of LVS shot up 1.9 percent to $15.60 on Wednesday.

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For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

CONTACT: pressrelease@locatestock.com / 212-425-6000

SOURCE: Locate Stock, LLC

LocateStock Daily High 5 for Wednesday December 23, 2009

Wed, 23 Dec 2009 15:07:41 GMT

5 – Mead Johnson Nutrition Company – NYSE:MJN

4 – Bank of the Carolinas Corp. – NASDAQ:BCAR

3 – Research In Motion Limited – NASDAQ:RIMM

2 – Citigroup – NYSE:C

1 – Bristol-Myers Squibb – NYSE:BMY

* Mead Johnson Nutrition board of directors recently declared a regular quarterly dividend on its common stock of $0.20 per share for the quarter ending Dec. 31, 2009. The dividend will be paid on Jan. 15, 2010, to shareholders of record on Dec. 31, 2009. Shares of MJN rose 2 percent to $43.09.

* Debuting on the HIGH 5 this Wednesday is Bank of the Carolinas. The company's stock plunged 11.9 percent to $4.90 in the absence of any company-specific news on Tuesday.

* Recent checks by an MKM Partners analyst show RIM's BlackBerry phones are now outselling comparable Nokia models in Europe. RIMM dropped an additional 3.6 percent to $67.22 on the Nasdaq Tuesday.

* The U.S. Federal Bureau of Investigation is probing a computer hacking that targeted Citigroup and resulted in the theft of tens of millions of dollars, which was reported on Tuesday. Shares of C fell 2.3 percent to $3.34 on the NYSE.

* Drugmaker Bristol-Myers Squibb is back on the HIGH 5 for the second straight day after announcing that beginning with the first quarter of 2010, it plans to increase its quarterly dividend by 3.2 percent. Shares of BMY came off 1.1 percent to $25.59 on Tuesday.

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For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

CONTACT: pressrelease@locatestock.com / 212-425-6000

SOURCE: Locate Stock, LLC

LocateStock Daily High 5 for Tuesday December 22, 2009

Tue, 22 Dec 2009 14:16:09 GMT

5 – DryShips – NASDAQ:DRYS

4 – Mankind Corporation – NASDAQ:MNKD

3 – Research In Motion Limited – NASDAQ:RIMM

2 – Citigroup – NYSE:C

1 – Bristol-Myers Squibb – NYSE:BMY

* A shipping stock analyst from Credit Suisse recently said that a chart of dry-bulk shipping rates in 2009 resembles a seismograph after an earthquake, and that volatile status quo will likely continue next year. Shares of DRYS sunk .30 percent to $6 on Monday.

* Interactive Brokers said Monday that Mannkind Corporation has doubled in the past two months, but that some traders have their sights on a slip in shares of the biopharmaceutical company. MNKD rose 2.2 percent to $9.50 on Monday.

* Research In Motion fell slightly Monday just days after the company announced strong earnings results for the quarter ended November 28. RIMM came off .40 percent to $69.70.

* Jim Cramer of CNBC said to hold on to Citigroup on Monday, calling it a decent stock that could double over the next year. Shares of C climbed .60 percent to $3.42 on the NYSE.

* Drugmaker Bristol-Myers Squibb said Monday it raised its quarterly dividend by a penny, to 32 cents from 31 cents. Shares of BMY inched up .40 percent to $25.87 in its debut on the HIGH 5.

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For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

CONTACT: pressrelease@locatestock.com / 212-425-6000

SOURCE: Locate Stock, LLC

LocateStock Daily High 5 for Monday December 21, 2009

Mon, 21 Dec 2009 14:27:15 GMT

5 – Cousins Properties – NYSE:CUZ

4 – Genco Shipping & Trading – NYSE:GNK

3 – Research In Motion Limited – NASDAQ:RIMM

2 – Citigroup – NYSE:C

1 – MBIA – NYSE:MBI

* Cousins Properties recently added retired company veteran Tom G. Charlesworth to its board of directors. Shares of CUZ rose .10 percent to $7.72 in its debut on Friday.

* A shipping stock analyst from Credit Suisse said Friday that a chart of dry-bulk shipping rates in 2009 resembles a seismograph after an earthquake, and that volatile status quo will likely continue next year. Genco Shipping & Trading fell 2.5 percent to $22.10 on Friday.

* Research In Motion shares surged Friday after the company announced strong earnings results for the quarter ended November 28. RIMM said net income came in at $628.4 million or $1.10 a share - a 59% jump from the same period last year, and 6 cents better than analysts expected. RIMM added 10.3 percent to $70.

* Citigroup was one of the winners of the financial sector Friday, snapping a four-day losing streak sparked by the pricing of its share offering and the Treasury Department's decision to delay the sale of its 34% stake. Shares of C climbed 6.3 percent to $3.40 on the NYSE.

* Bond insurer MBIA was among top financial sector gainers Friday adding 5.8 percent to $3.47 on the Nasdaq.

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For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

CONTACT: pressrelease@locatestock.com / 212-425-6000

SOURCE: Locate Stock, LLC

LocateStock Daily High 5 for Friday December 18, 2009

Mon, 21 Dec 2009 14:26:52 GMT

5 – Allied Capital Corporation – NYSE:ALD

4 – LDK Solar – NYSE:LDK

3 – Facet Biotech Corporation – NASDAQ:FACT

2 – Career Education Corporation – NASDAQ:CECO

1 – Citigroup – NYSE:C

* Business development corporation, Allied Capital, is the first stock on the Friday HIGH 5. Shares of ALD rose 1 percent to $3.51 on the NYSE yesterday.

* LDK announced Thursday a cash crunch will result in the sale of $50 million to $80 million in convertible preference shares and a possible asset sale. Shares of LDK plunged 14.8 percent to $7.84 on the news.

* Back on the HIGH 5 in the #3 spot is Facet Biotech. An SEC filing said Thursday that company shareholders rejected a $493 million takeover bid by Biogen Idec. Shares of FACT climbed 4.4 percent to $17.12 on the news.

*Debuting on the HIGH 5 as the #2 stock is Career Education Corporation after plummeting 19.3 percent to $22.88 on the Nasdaq a day earlier.

* Citigroup said Thursday it will suspend foreclosures and evictions for 30 days until Jan. 17 for roughly 4,000 borrowers during the holiday season. Shares of C tumbled 7.3 percent to $3.20 on the news. Citi is down almost 20 percent alone this week.

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For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

CONTACT: pressrelease@locatestock.com / 212-425-6000

SOURCE: Locate Stock, LLC

LocateStock Daily High 5 for Thursday December 17, 2009

Thu, 17 Dec 2009 14:02:33 GMT

5 – MannKind Corporation – NASDAQ:MNKD

4 – Suntech Power Holdings – NYSE:STP

3 – Conseco – NYSE:CNO

2 – Facet Biotech Corporation – NASDAQ:FACT

1 – Citigroup – NYSE:C

* Mannkind Corporation has an upcoming Food and Drug Administration approval decision for its diabetes drug next month, on January 16, 2010. Shares of MNKD rose 3.7 percent to $8.79 on Wednesday.

* Suntech Power Holdings is the #4 stock on the HIGH 5. A recent report said that the company has helped to contribute to China's 30% share of the global market for solar panels. Shares of STP fell .70 percent to $17.78 on Wednesday.

* Conseco shares fell Wednesday after the life insurer said it may raise as much as $234.1 million selling shares and use part of the proceeds to repay debt. Shares of CNO climbed 6.9 percent to $5.14 on the news.

* Debuting on the HIGH 5 in the #2 spot is Facet Biotech after the company said on Wednesday it agreed to allow The Baupost Group, a big investor, to increase its stake in the company to as much as 20 percent, in a bid to fight off a hostile bid from Biogen Idec. Shares of FACT fell 2.1 percent to $16.40 on the news.

* Citigroup is pricing its $20.5 billion stock offering at $3.15 a share, well below Wednesday's closing price and less than the $3.25 the government got for its Citigroup shares. Shares of C tumbled 3.1 percent to $3.45 on the news.

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For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

CONTACT: pressrelease@locatestock.com / 212-425-6000

SOURCE: Locate Stock, LLC