Jersey City, NJ – January 30, 2008
The LocateStock.com HIGH FIVE for Wednesday, January 30th are:
5 – VMware – NYSE:VMW
4 – DryShips – NASDAQ:DRYS
3 – MBIA – NYSE:MBI
2 – Arthrocare – NASDAQ:ARTC
1 – Ambac – NYSE:ABK
VMware, Inc. (NYSE:VMW) and its subsidiaries provide virtualization solutions worldwide. Its virtualization solutions separate the operating system and application software from the underlying hardware to achieve improvements in efficiency, availability, flexibility, and manageability.
* VMware plunged 32.5% after the company disappointed investors with its fourth-quarter results and said 2008 revenue could decelerate to 50% growth. For the fourth quarter, VMware said revenue rose 80% from a year ago to $412.5 million. That was lower than analysts' expectations of $417.4 million. Excluding items, EPS was 26 cents, two cents ahead of analysts' expectations. Shares of VMware were down $26.98 to $56.02. VMW is down 36% from its 52-week high of $125.25 a share, set Oct. 31.
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.
* Drybulk shipping stocks soared in trading Tuesday, after Excel Maritime Carriers said it plans to buy Quintana Maritime in a $2.45 billion cash-and-stock deal. DryShips rose $3.15 or 5.31% to $62.44 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.
* MBIA reports earnings for the fiscal fourth quarter this coming Thursday. However, the bond insurance market is in the midst of a major upheaval after ratings agencies began reviewing their operations during the fourth quarter, so things do not look good for MBIA. Shares of MBI gained an additional 7.61% Tuesday after Monday's 4.6% rise. MBI closed up $1.13 to $15.98. Shares gained 66% in the previous week.
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.
* Shares of Arthrocare gained an additional 50 cents or 1.27% to $39.84 on Tuesday after rising 3.2% on Monday on no currents news this week. ARTC closed down 22% last week.
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.
* Ambac Financial led bond insurance stocks higher on Tuesday after the chief executive of rival Assured Guaranty expressed confidence the $2.4 trillion industry will find a solution to its problems. Some recent estimates of the cost of a bailout of the industry are too high, Dominic Frederico, chief executive of Assured Guaranty said. Shares of ABK rocketed on that positive note, adding $1.80 or 16.17% to $12.93 on Tuesday. The stock started Monday off in the red, losing 3.6%. The stock was up more than 86% last week.
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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