LocateStock.com Daily High Five For Thursday July 17, 2008

Jersey City, NJ – July 17, 2008

The LocateStock.com HIGH FIVE for Thursday, July 17^th are:

                       
5 – National City – NYSE:NCC

4 – Washington Mutual – NYSE:WM

3 – Freddie Mac – NYSE:FRE

2 – Fannie Mae – NYSE:FNM

1 – Lehman Brothers – NYSE:LEH

 

National City Corporation, (NYSE:NCC) a financial holding company, provides commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management services in the United States. Its retail banking services include deposit gathering and direct lending services, business banking services, education finance, retail brokerage, and lending-related insurance services to consumers and small businesses.

 

* Regional bank shares advanced Wednesday, in line with the broader market, as Wells Fargo & Co.'s milder-than-expected second-quarter loss and decision to boost its dividend instilled some confidence in the sector. Among the gainers was National City which rose 80 cents or 22.22% to $4.40 on Wednesday.

 

Washington Mutual, Inc., (NYSE:WM) together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking Group, Card Services Group, Commercial Group, and Home Loans Group.

* Shares of national bank Washington Mutual Inc. rose sharply Wednesday, getting a boost from better-than-expected earnings results at Wells Fargo and a significant rise in the broader market. Washington Mutual shares rose 92 cents or 25.48% to $4.53 on the NYSE. Shares are down more than 5% on the week.

Freddie Mac (NYSE:FRE) engages in mortgage purchasing, credit guarantee, and portfolio investment activities in the United States. It purchases single-family and multi-family residential mortgages, and mortgage-related securities from lenders in the primary mortgage market that originate mortgages for homebuyers, including mortgage banking companies, commercial banks, savings banks, community banks, credit unions, state and local housing finance agencies, and savings and loan associations.

* The SEC said its emergency ruling against "naked" short-selling will take effect Monday, July 21 and last for at least 30 days. During this time the SEC will evaluate whether they want to extend the ruling. It prohibits naked selling in the stocks of 19 major financial institutions including Freddie Mac. Shares of FRE rose $1.57 or 29.85% to $6.83 on Wednesday. Freddie is down 12% so far this week.

Fannie Mae (NYSE:FNM) provides funds to mortgage lenders through the purchase of mortgage assets, and issues and guarantees mortgage-related securities that facilitate the flow of funds into the mortgage market in the United States. It operates in three segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets.

 

* The SEC said its emergency ruling against "naked" short-selling will take effect Monday, July 21 and last for at least 30 days. During this time the SEC will evaluate whether they want to extend the ruling. It prohibits naked selling in the stocks of 19 major financial institutions including Fannie Mae. Shares of FNM rocketed $2.18 or 30.83% to $9.25 on Wednesday. Shares are down about 10% so far this week.

 

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.

* The SEC said its emergency ruling against "naked" short-selling will take effect Monday, July 21 and last for at least 30 days. During this time the SEC will evaluate whether they want to extend the ruling. It prohibits naked selling in the stocks of 19 major financial institutions including Lehman Brothers. Lehman shares surged $3.43 or 25.95% to $16.65 on Wednesday. The stock is up about 15% this 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