4 – DryShips – NASDAQ:DRYS
3 – Wellcare Health Plans – NYSE:WCG
2 – E*TRADE Financial – NASDAQ:ETFC
1 – Ambac Financial – NYSE:ABK
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.
* On Thursday after market close DryShips reported Q4 (Dec) earnings of $4.50 per share, excluding non-recurring items, $0.43 better than the First Call consensus of $4.07; revenues rose 195.1% year/year to $233.4 mln vs the $208.8 mln consensus. Co says, "We enter 2008 with a great deal of optimism. The supply and demand balance for this year remains extremely tight. In 2008 we expect to have ~17% more fleet operating days compared to 2007 and as of today ~63% of the fleet operating days remains unfixed." Shares of DRYS rose $2.05 or 2.49% to $84.25 Thursday.
WellCare Health Plans, Inc. (NYSE:WCG) provides managed care services exclusively for government-sponsored healthcare programs, focusing on Medicaid and Medicare in the
* Fairholme Fund disclosed Thursday that it has a large stake in WellCare Health Plans. Shares of the health insurer plummeted -84% in one week in October after the FBI and several other agencies raided company headquarters in a probe in connection with potential Medicare and Medicaid fraud. WCG rose $2.45 or 5.04% to $51.04 Thursday.
E*TRADE Financial Corporation, (NASDAQ:ETFC) through its subsidiaries, offers financial solutions to retail and institutional customers worldwide. It provides retail investments and trading, which include automated order placement, and execution of market and limit equity, futures, options, exchange-traded funds, mutual funds, and bond orders, as well as offers quick transfer, wireless account access, extended hours trading, quotes, and research and advanced planning tools.
* E-Trade on Wednesday said daily average revenue trades rose nearly 22% in January, while total retail client assets fell more than 12%. The company, in a statement, said its daily average revenue trades rose to 211,978, up 18.8% from a month earlier and 21.5% from the prior January. ETFC lost 10 cents or 1.95% to $5.02 on 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.
* Executives of leading bond insurers Ambac Financial and MBIA Inc. admitted mistakes and took some responsibility for the current crisis in the municipal bond market during Congressional testimony on Thursday. Ambac Chief Executive Michael Callen also said that the company will no longer guarantee complex mortgage-related securities known as collateralized debt obligations (CDOs) and even more convoluted securities called CDO squareds. Shares of Ambac $1.16 or 12.38% to $10.53 on the news.
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.
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
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