LocateStock.com Daily High Five For Monday June 16, 2008

Jersey City, NJ – June 16, 2008

The LocateStock.com HIGH FIVE for Monday, June 16^th are:

                       
5 – Countrywide Financial – NYSE:CFC

4 – DinEquity – NYSE:DIN

3 – ReneSola – NYSE:SOL

2 – American Superconductor Corporation – NASDAQ:AMSC

1 – Lehman Brothers – NYSE:LEH

 
Countrywide Financial Corporation, (NYSE:CFC) a holding company, engages in mortgage lending and other finance-related operations. The company operates in five segments: Mortgage Banking, Banking, Capital Markets, Insurance, and Global Operations.

* The chairman of the powerful Senate Banking Committee on Friday denied a media report that he received preferential mortgage terms from Countrywide Financial. Conde Nast's Portfolio.com website reported that Sen. Christopher Dodd, a Democrat from Connecticut who is trying to push a housing rescue bill through the Senate, could save $75,000 over the life of the loans he obtained from Countrywide for two homes. Dodd denied receiving any special favors from Countrywide, calling such a suggestion "outrageous." Meanwhile, Cramer said Bank of America's acquisition of Countrywide Financial a "big mistake." He said that Bank of America is now the "ultimate toxic waste pit." Shares of CFC added 5 cents or 1.04% to $4.84 on Friday.

DineEquity, Inc. (NYSE:DIN) develops, franchises, and operates full-service restaurants in the United States and internationally under the Applebee's Neighborhood Grill & Bar (Applebee's) and International House of Pancakes (IHOP) brands. It owns and operates two restaurant concepts in the casual dining and family dining niches, which include Applebee's Neighborhood Grill and Bar or Applebee's; and International House of Pancakes or IHOP.

* Last Thursday TheStreet.com upgraded its coverage on DineEquity to "Hold" from "Sell." The following day, shares of DIN added 88 cents or 2.07% to $43.40.

ReneSola, Ltd., (NYSE:SOL) through its subsidiaries, engages in the manufacture and sale of solar wafers and related products in the People's Republic of China. It offers feedstock, ingots, and wafers for the solar industry. The company sells solar wafers to Chinese and international PV cell manufacturers.

* Last Wednesday the Canadian-based solar technology company Arise Technologies announced its wholly owned subsidiary, Arise Technologies Deutschland, inked a six-year deal with Chinese alternative energy company, ReneSola to supply Arise with 203.5 megawatts of silicon wafers. Initially, the stock fell on the news, but closed Friday up 58 cents or 3.37% to $17.80. SOL closed the week down more than 22%.

American Superconductor Corporation, (NASDAQ:AMSC) an energy technologies company, together with its subsidiaries, provides an array of solutions based on two proprietary technologies, programmable power electronic converters and high temperature superconductor (HTS) wires. Its products, services, and system-level solutions enable generation, delivery, and use of electric power.

 

* On Friday it was reported that the chairman, president and chief executive of energy equipment supplier American Superconductor, exercised options for 246,098 shares of common stock under a prearranged trading plan, according to three Securities and Exchange Commission filings Thursday. In Form 4s filed with the SEC, Gregory J. Yurek reported he exercised options for the shares on Tuesday, Wednesday and Thursday for $25.63 apiece and then sold 244,898 shares the same days for $42 to $45.05 apiece. Shares of AMSC rose 56 cents or 1.36% to $41.65 on Friday.

 

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.

* Lehman jumped 13.7% Friday, snapping a five-day losing streak as some short sellers unwound their bets against the brokerage ahead of today's second-quarter earnings report. Shares of LEH gained $3.11 to $25.81 despite the weeks less-than-optimistic news. Lehman lost 20% on-the-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.

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SOURCE:        Locate Stock, LLC