LocateStock.com Daily High Five For Wednesday August 8, 2007
Jersey City, NJ – August 8, 2007
The LocateStock.com HIGH FIVE for Wednesday, August 8th are:
5 – Westamerica Bancorporation – NASDAQ:WABC
4 – IndyMac Bancorp – NYSE:IMB
3 – Luminent Mortgage Capital – NYSE:LUM
2 – Thornburg Mortgage – NYSE:TMA
1 – Mueller Water Products – NYSE:MWA
Westamerica Bancorporation (NASDAQ:WABC) operates as the holding company for Westamerica Bank, which provides banking services to individuals and corporate customers in northern and central California. It primarily engages in generating deposits and originating loans.
* The chairman and chief executive of Westamerica Bancorp exercised options for 63,371 shares of common stock, according to a Securities and Exchange Commission filing made late last week. In several Form 4s filed with the SEC last Tuesday, David L. Payne reported he exercised the options Friday, August 3rd for $32.79 apiece and then sold 46,826 shares the same day for $40.75 to $41.12 apiece. Shares were down 66 cents or 1.48% on the NASDAQ on Tuesday, 8/7.
IndyMac Bancorp, Inc. (NYSE:IMB) operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank, which provides mortgage products and services in the United States. The company operates in two segments, Mortgage Banking and Thrift. The Mortgage Banking segment offers adjustable-rate mortgages (ARMs), intermediate term fixed-rate loans, pay option ARMs, fixed-rate mortgages, conforming and non-conforming loans, construction-to-permanent loans, subprime mortgages, home equity lines of credits, and reverse mortgages.
* On Tuesday, 8/7 Roth Capital raised Indymac’s rating to hold from sell on valuation, boosting shares by as much as 13% and closing higher by $1.86 or 9.52% on the NYSE to $21.39.
Luminent Mortgage Capital, Inc. (NYSE:LUM) a real estate investment trust (REIT), invests primarily in the United States agency and other single-family, adjustable-rate, and fixed rate mortgage-backed securities. It also invests in residential mortgage loans.
* Luminent Mortgage Capital tanked 75.34% on news that several analysts on Monday and Tuesday have been downgrading the investment trust, saying it will be the next company in the mortgage industry to fall. Luminent stated that its markets "have deteriorated significantly and in an unprecedented fashion." Shares of LUM were down $3.30 to $1.08.
Thornburg Mortgage, Inc. (NYSE:TMA) operates as a single-family residential mortgage lending company. It originates, acquires, and retains investments in adjustable and variable rate mortgage (ARM) assets.
* On Tuesday Forbes warned that the mortgage fallout continues to spread, and that Thornburg Mortgage, a lender once thought mostly immune to the recent sector turmoil, plummeted Tuesday on worries that it could become another margin call target. Shares of Thornburg were down $1.89 or 7.93% to $21.95 on the NYSE.
Mueller Water Products, Inc. (NYSE:MWA) manufactures and sells various water infrastructure and flow control products for use in water distribution networks, water and wastewater treatment facilities, and gas distribution and piping systems in the United States and Canada. It has three segments: Mueller, U.S. Pipe, and Anvil.
* On Tuesday, 8/7 an analyst from Banc of America gave Mueller Water “four stars” based on the company’s accuracy of earnings estimates. Shares of MWA gave up just 3 cents or .21% on the NYSE on the new star analyst rankings.
The daily HIGH FIVE stocks are determined by the company’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.
LocateStock.com is the premier 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 Company recently launched LocateStock TV, a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.
For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
The LocateStock.com HIGH FIVE for Wednesday, August 8th are:
5 – Westamerica Bancorporation – NASDAQ:WABC
4 – IndyMac Bancorp – NYSE:IMB
3 – Luminent Mortgage Capital – NYSE:LUM
2 – Thornburg Mortgage – NYSE:TMA
1 – Mueller Water Products – NYSE:MWA
Westamerica Bancorporation (NASDAQ:WABC) operates as the holding company for Westamerica Bank, which provides banking services to individuals and corporate customers in northern and central California. It primarily engages in generating deposits and originating loans.
* The chairman and chief executive of Westamerica Bancorp exercised options for 63,371 shares of common stock, according to a Securities and Exchange Commission filing made late last week. In several Form 4s filed with the SEC last Tuesday, David L. Payne reported he exercised the options Friday, August 3rd for $32.79 apiece and then sold 46,826 shares the same day for $40.75 to $41.12 apiece. Shares were down 66 cents or 1.48% on the NASDAQ on Tuesday, 8/7.
IndyMac Bancorp, Inc. (NYSE:IMB) operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank, which provides mortgage products and services in the United States. The company operates in two segments, Mortgage Banking and Thrift. The Mortgage Banking segment offers adjustable-rate mortgages (ARMs), intermediate term fixed-rate loans, pay option ARMs, fixed-rate mortgages, conforming and non-conforming loans, construction-to-permanent loans, subprime mortgages, home equity lines of credits, and reverse mortgages.
* On Tuesday, 8/7 Roth Capital raised Indymac’s rating to hold from sell on valuation, boosting shares by as much as 13% and closing higher by $1.86 or 9.52% on the NYSE to $21.39.
Luminent Mortgage Capital, Inc. (NYSE:LUM) a real estate investment trust (REIT), invests primarily in the United States agency and other single-family, adjustable-rate, and fixed rate mortgage-backed securities. It also invests in residential mortgage loans.
* Luminent Mortgage Capital tanked 75.34% on news that several analysts on Monday and Tuesday have been downgrading the investment trust, saying it will be the next company in the mortgage industry to fall. Luminent stated that its markets "have deteriorated significantly and in an unprecedented fashion." Shares of LUM were down $3.30 to $1.08.
Thornburg Mortgage, Inc. (NYSE:TMA) operates as a single-family residential mortgage lending company. It originates, acquires, and retains investments in adjustable and variable rate mortgage (ARM) assets.
* On Tuesday Forbes warned that the mortgage fallout continues to spread, and that Thornburg Mortgage, a lender once thought mostly immune to the recent sector turmoil, plummeted Tuesday on worries that it could become another margin call target. Shares of Thornburg were down $1.89 or 7.93% to $21.95 on the NYSE.
Mueller Water Products, Inc. (NYSE:MWA) manufactures and sells various water infrastructure and flow control products for use in water distribution networks, water and wastewater treatment facilities, and gas distribution and piping systems in the United States and Canada. It has three segments: Mueller, U.S. Pipe, and Anvil.
* On Tuesday, 8/7 an analyst from Banc of America gave Mueller Water “four stars” based on the company’s accuracy of earnings estimates. Shares of MWA gave up just 3 cents or .21% on the NYSE on the new star analyst rankings.
The daily HIGH FIVE stocks are determined by the company’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.
LocateStock.com is the premier 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 Company recently launched LocateStock TV, a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.
For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
posted by LOCATESTOCK @ 11:49 AM
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