4 – Lehman Brothers – NYSE:LEH
3 – BHP Billiton – NYSE:BHP
2 – EMCORE Corp. – NASDAQ:EMKR
1 – First
Washington Mutual, Inc., (NYSE:WM) together with its subsidiaries, operates as a consumer and small business banking company in the
* WaMu plans to close its freestanding home loan offices, get out of the wholesale lending business, and shed 3,000 jobs, and will raise $7 billion from private equity group TPG. WaMu will close its approximately 186 freestanding home loan offices and get out of the wholesale lending business by the end of the second quarter. The Wall Street Journal reported that the company told 3,000 employees on Monday that their jobs will be eliminated. The
Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking, and Investment Management.
* Last week's announcement that Lehman would raise $4 billion through a preferred stock offering rocketed the stock 18% in one day. The stock however, is still a viable option for short-sellers. Shares of LEH fell 93 cents or 2.09% to $43.67 on Tuesday. The stock ended last week up, 17%.
BHP Billiton Limited, (NYSE:BHP) together with its subsidiaries, operates as a diversified natural resources company. The company operates 10 customer sector groups (CSGs), aligned with the commodities that the company extracts and markets, which includes Aluminium, Base Metals, Uranium, Diamonds and Specialty Products, Energy Coal, Iron Ore, Manganese, Metallurgical Coal, Petroleum, and Stainless Steel Materials.
* BHP rose 5.24% as brokers picked up on a story in the Australian press that claimed
The article, in The Australian newspaper, said the Chinese authorities had yet to decide which state-owned institution or company would be used to purchase the stake but it would not be Chinalco, the vehicle used to snap up 9% of Rio Tinto. BHP closed up $3.93 to $79.00 on Tuesday.
EMCORE Corporation (NASDAQ:EMKR) provides compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets. The company's Fiber Optics segment offers optical components, subsystems, and systems that enable the transmission of video, voice, and data over fiber optic cables for high-speed data and telecommunications, cable television, and fiber-to-the-premises networks.
The First Marblehead Corporation (NYSE:FMD) together with its subsidiaries, provides outsourcing services for private education lending in the
* A nonprofit firm that provides financial guarantees for student-loan services provider First Marblehead Corp. filed for bankruptcy protection, sending First Marblehead's already-battered shares down sharply Tuesday. The filing after business hours Monday by The Education Resources Institute sent shares of First Marblehead down $2.84 or 36.88% to $4.86, below the previous 52-week low of $7.36 that the stock hit March 17.
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, LLC
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