LocateStock.com Daily High Five For Monday July 21, 2008

Jersey City, NJ – July 21, 2008

The LocateStock.com HIGH FIVE for Monday, July 21^st are:

                       
5 – Citigroup – NYSE:C

4 – Washington Mutual – NYSE:WM

3 – Lehman Brothers – NYSE:LEH

2 – Freddie Mac – NYSE:FRE

1 – Fannie Mae – NYSE:FNM

 

Citigroup, Inc., (NYSE:C) together with its subsidiaries, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. The company's Global Consumer Group segment offers various banking, lending, insurance, and investment products and services through its branches, automated teller machines (ATMs), and automated lending machines (ALMs), the Internet, telephone, and mail.

 

* Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion second-quarter loss on Friday that was smaller than expected. Shares of C rose $1.38 or 7.68% to $19.35 on the news.

 

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 rose sharply last week, getting a boost from better-than-expected earnings results at Wells Fargo. The stock rocketed 93 cents or 18.64% to $5.92 and earned back 83% for the 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.

* Lehman has been rising on recent news that JP Morgan Chase beat market expectations with earnings of 54 cents a share after incurring a $540 million loss linked to the acquisition of Bear Stearns. Analysts surveyed by Reuters had forecast JP Morgan's earnings at 44 cents a share. Shares of LEH rose 21 cents or 1.11% to $19.11 and were up 54% for 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.

* Mortgage financier Freddie Mac took a step toward issuing common and preferred stock to help bolster its balance sheet Friday when the Securities and Exchange Commission accepted its registration statement filed earlier in the day. Shares of FRE closed Friday up 85 cents or 10.2% to $9.18. The stock ended the week higher by almost 30%.

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.

 

* Fannie and Freddie rallied last week after Freddie Mac completed its second successful debt sale. Shares of Fannie added an additional $2.47 or 22.60% to $13.40 and closed up 38% 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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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

 

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SOURCE:        Locate Stock, LLC