Jersey City, NJ – December 21, 2007
The LocateStock.com HIGH FIVE for Friday, December 21st are:
5 – Yingli Green Energy – NYSE:YGE
4 – ArthroCare – NASDAQ:ARTC
3 – DryShips – NASDAQ:DRYS
2 – Ambac Financial Group – NYSE:ABK
1 – LDK Solar – NYSE:LDK
Yingli Green Energy Holding Company Limited, (NYSE:YGE) through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. Its products include polysilicon ingots and wafers, photovoltaic cells and modules, and integrated photovoltaic systems.
* Shares of solar companies lifted an index of emerging market ADRs in afternoon trading on Wednesday, helped by gains from China Sunergy, after the company named a new chief financial officer. Yingli rose slightly on Wednesday and gained an additional $1.30 or 3.64% to $37.03.
ArthroCare Corporation (NASDAQ:ARTC) engages in the design, development, manufacture, and marketing of medical devices for use in soft-tissue surgery primarily in the United States and internationally. Its products are based on the patented soft-tissue surgical controlled ablation technology.
* ArthroCare was downgraded by an analyst from Susquehanna this past Monday, saying the surgical products maker may come under pressure because health insurers are not covering its spinal technology. Susquehanna Financial Group analyst David Turkaly cut his rating to "Neutral" from "Positive." He said the spinal business is very profitable, and has posted the strongest growth of any ArthroCare unit over the last few years. Shares of ARTC were down $1.72 or 3.61% to $45.97 on Thursday.
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. As of May 30, 2007, it owned and operated a fleet of 35 drybulk carriers comprising 5 Capesize, 25 Panamax, 3 Handymax, and 2 newbuilding Panamax vessels with a combined deadweight tonnage of approximately 2.9 million.
* Shares of DryShips rose along with the broader market this past Tuesday, as investors expressed optimism about the company's planned investment in an offshore drilling contractor. DryShips said Monday, shortly before trading began, that it plans to buy a 30.4 percent stake in Norway's Ocean Rig ASA for about $405 million. Shares of DRYS closed down more than 14% Monday, rallied 9% Tuesday, fell 5% Wednesday, and came off an additional $3.11 or 4.16% to $71.63 Thursday.
Ambac Financial Group, Inc., (NYSE:ABK) through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. It operates in two segments: Financial Guarantee and Financial Services.
* On Wednesday Standard & Poor's slashed its outlook for bond insurers, including Ambac Financial Group, indicating their triple-A credit ratings were at heightened risk of being cut in the next two years due to deteriorating mortgage debt. On Thursday, the bond insurer announced that Ambac Assurance UK Limited recently provided a triple-A credit enhancement for the financing of new and updated roads in Northern Ireland. This financing was completed as part of the Government's ongoing Private Finance Initiative (PFI) investment in the provision transport services. Shares of ABK rose 24 cents or .87% to $27.70 on Thursday.
LDK Solar Co., Ltd., (NYSE:LDK) through its subsidiaries, manufactures and sells multicrystalline solar wafers to the manufacturers of solar cells and solar modules in the People's Republic of China and internationally. It offers multicrystalline solar wafers between 180 and 240 microns in thickness.
* While LDK's profit matched the estimate of analysts polled by Thomson Financial, and its revenue was greater than expected, the company said its profit margins were 4 percent lower than in the second quarter, and more than 8 percent lower than in the third quarter of 2006. The company's gross profit margin shrank to 30.8 percent with high costs for polysilicon, a key manufacturing material, cutting into the company's third-quarter profit margins. Piper Jaffray analyst Jesse Pichel downgraded LDK shares to "Sell" from "Neutral" on reports that polysilicon prices have risen, and said he expects the price of recycled polysilicon -- which LDK uses -- to keep rising. Shares of LDK plunged $18.26 or 27.62% to $47.85 on Thursday.
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.
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