LocateStock.com Daily High Five For Tuesday August 19, 2008

Jersey City, NJ – August 19, 2008

The LocateStock.com HIGH FIVE for Tuesday, August 19^th are:

                       
5 – Crocs – NASDAQ:CROX

4 – Lehman Brothers – NYSE:LEH

3 – Citigroup – NYSE:C

2 – Freddie Mac – NYSE:FRE

1 – Fannie Mae – NYSE:FNM

 
Crocs, Inc. (NASDAQ:CROX) and its subsidiaries design, develop, and manufacture consumer products from specialty resins worldwide. It offers footwear for men, women, and children under the crocs brand. The company also offers apparel and accessories, including t-shirts, sweatshirts, hats, beanies, and socks.

* The Bill and Melinda Gates Foundation Trust disclosed holding shares of Crocs as of June 30, according to a U.S. regulatory filing on Thursday. In a filing with the Securities and Exchange Commission, the trust disclosed holding 1 million Crocs shares. On Monday, the stock rocketed 64 cents or 13.70% to $5.31.

 

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.

* On Monday, The Wall Street Journal, citing unidentified sources, reported that Lehman Brothers Holdings might surprise Wall Street with weaker-than-expected third-quarter results. Lehman plunged $1.14 or 7.05% to $15.03 on the news.

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 on Monday cut its target for both the S&P and the Dow 5%. Citi's projections still have both indexes gaining 12% from here to a 13,250 Dow and the S&P up to 1,475, buoyant viewpoints considering the pessimism regarding earnings. Shares of C lost 93 cents or 5.01% to $17.61 on the news.

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.

* Shares of mortgage finance giant Freddie Mac tumbled Monday amid renewed fears that shareholders will wind up with nothing if the government intervenes to bail out the troubled company. The Barron's report said the government is likely to buy preferred stock in the companies, wiping out common shareholders. Shares of Freddie lost $1.46 or 24.96% to $4.39 on Monday.

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.

* Shares of mortgage finance giant Fannie Mae tumbled Monday amid renewed fears that shareholders will wind up with nothing if the government intervenes to bail out the troubled company. The Barron's report said the government is likely to buy preferred stock in the companies, wiping out common shareholders. Fannie shares plunged $1.76 or 22.25% to $6.15 on the news.

 

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