Jersey City, NJ – February 22, 2008
The LocateStock.com HIGH FIVE for Friday, February 22nd are:
5 – Southern Copper Corp. – NYSE:PCU
4 – Yingli Green Energy – NYSE:YGE
3 – Arthrocare – NASDAQ:ARTC
2 – DryShips – NASDAQ:DRYS
1 – National Penn Nabcshares – NASDAQ:NPBC
Southern Copper Corporation (NYSE:PCU) produces copper, molybdenum, zinc, and silver. It engages in mining, milling, and flotation of copper ore to produce copper concentrates and molybdenum concentrates; the smelting of copper concentrates to produce anode and blister copper; and the refining of blister/anode copper to produce copper cathodes.
* On Thursday, Zacks.com released an Analyst Interview with Director of Equity Research Dirk van Dijk, who discusses energy companies and mining company, Southern Copper. Van Dijk said metals plays like Southern Copper is attractive. Shares of PCU were up $1.30 or 1.15% to $114.47 on the NYSE.
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.
* Solar-power stocks fell Wednesday after Suntech Power Holdings earnings report renewed fears that high silicon prices will temper profits in coming quarters. The company reported higher fourth-quarter costs because of surging polysilicon prices and its earnings and revenue fell short of analyst expectations. Yingli Green fell 3% Wednesday and an additional $1.16 or 5.97% to $18.28 on Suntech's news.
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 Lazard Capital on Thursday to Hold from Buy. Shares of ARTC plummeted $1.69 or 4.01% to $40.48 on the news.
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.
* Shares of drybulk shippers fell Wednesday, as a key shipping index slipped and a Dahlman Rose & Co. analyst said the market is not showing signs of an expected post-holiday rebound in China. Analyst Omar Notka said the drybulk vessel rates have weakened over the last several days -- a time when the sector was widely expected to recover. The stock gained $3.92 or 4.80% to $85.65 on Thursday.
National Penn Bancshares, Inc. (NASDAQ:NPBC) operates as the holding company for National Penn Bank, which provides commercial banking services in southeastern Pennsylvania and Maryland. It offers a range of deposit accounts, including demand, NOW, money market, and certificates of deposit and other checking and savings accounts.
* NPBC replaced BDY in the S&P SmallCap 600 after the close on Thursday, 2/21. Shares of NPBC were up 2 cents or 0.12% to $17.13 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.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home