Jersey City, NJ – January 15, 2008
The LocateStock.com HIGH FIVE for Tuesday, January 15th are:
5 – Sears – NASDAQ:SHLD
4 – Yingli Green Energy – NYSE:YGE
3 – MBIA – NYSE:MBI
2 – DryShips – NASDAQ:DRYS
1 – Medivation – NASDAQ:MDVN
Sears Holdings Corporation, (NASDAQ:SHLD) through its subsidiaries, operates as a broad-line retailer in the United States and Canada. The company operates through three segments: Kmart, Sears Domestic, and Sears Canada.
* Sears told investors Monday that it would likely post fourth-quarter earnings well below Wall Street forecasts as eroding sales push its profit down as much as 57 percent. The retailer said it expects to earn between $350 million and $470 million, or $2.59 to $3.48 per share, for the quarter ending Feb. 2 -- far less than the $4.43 per share sought by analysts surveyed by Thomson Financial. Sears earned $820 million in the fourth quarter a year earlier. Shares of SHLD came off $4.79 or 4.98% to $91.38 on the NASDAQ.
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.
* Yingli Green Energy said Monday it has agreed to supply solar-power systems with 7 megawatts worth of generating capacity to EDF Energies Nouvelles. Yingli did not disclose financial terms of the agreement. EDF, a French electricity generator, has an option to order an additional 6 megawatts worth of photovoltaics. All of the orders will be delivered in 2008. Shares of YGE lost 21 cents or .61% to $34.36 Monday on the news.
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.
* Jim Cramer of CNBC believes the market is frantic as shorts try to cover their bets on the bond insurers. On Friday he said, "Today's a big short-squeeze day. 'Let's short squeeze MBIA. However, on Friday, MBIA gained $2.48 or 17.58% to $16.59. On Thursday, the bond insurer said it was trying to raise $1 billion in new debt to keep its "AAA" financial strength rating and keep its business viable. Shares of MBI pared last week's losses and gained 46 cents or 2.77% to $17.05 to kick off the week on Monday.
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.
*Analysts from Bear Stearns, Jefferies & Company, JPMorgan Securities and Lazard Capital Markets will participate in a Virtual Panel Discussion on the dry bulk shipping sector on Tuesday, January 15, 2008 at 2:00 pm. The Analyst Forum is organized by Capital Link, a New York based Investor Relations and Financial Communications firm focusing on shipping. Shares of drybulk shippers fell last week in reaction to the Baltic Dry Index tumbling to its lowest point in nearly three months. DRYS lost 9% last week and began Monday down 72 cents or 1.18% to $60.55 on the NASDAQ.
Medivation, Inc. (NASDAQ:MDVN) a biopharmaceutical company, engages in the acquisition, research, and development of various medical technologies. It develops small molecule drugs for the treatment of Alzheimer's disease, Huntington's disease, and Hormone-Refractory Prostate Cancer.
* Medivation shares climbed Monday on no news. MDVN gained $1.03 or 7.06% to $15.62 on the NASDAQ.
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.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home