LocateStock.com Daily High Five For Wednesday August 20, 2008

Jersey City, NJ – August 20, 2008

The LocateStock.com HIGH FIVE for Wednesday, August 20^th are:

                       
5 – AMR Corporation – NYSE:AMR

4 – Freddie Mac – NYSE:FRE

3 – Washington Mutual – NYSE:WM

2 – Fannie Mae – NYSE:FNM

1 – Lehman Brothers – NYSE:LEH

 
AMR Corporation (AMR), (NYSE:AMR) through its subsidiaries, operates as a scheduled passenger airline in the United States. The company, through its principal subsidiary, American Airlines, Inc., provides scheduled jet service to approximately 170 destinations throughout North America, the Caribbean, Latin America, Europe, and Asia.

* Airline stocks traded mixed Tuesday as oil prices remained steady at just above $112 a barrel. American parent, AMR Corp., closed down Tuesday to lose $1.35 or 11.81% to $10.08.

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.

* In day three of its most recent losing streak, Freddie Mac tumbled 22 cents or 5.01% to $4.17. Freddie issued more five-year notes, but the cost was 113 basis points over Treasuries and more than the previous issuance. Shares of Freddie are down 30% so far this week.

 

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.

* Reuters reported that Washington Mutual's debt is likely to remain distressed in the near term on concerns the largest U.S. savings and loan would be challenged to access new capital if it is needed to cover losses from bad mortgage loans. Shares of WaMu fell with other national banks on Tuesday to lose 11 cents or 2.61% to $4.10.

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 more than 22% on the news and an additional 14 cents or 2.28% to $6.01 on Tuesday.

 

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 continued its run on the hot seat for the second day this week as JPMorgan analyst Kenneth Worthington cut his earnings estimates for Lehman through 2009, saying he expects $4 billion in writedowns in the third quarter. The investment bank is reportedly shopping its Neuberger Berman asset management unit, but Worthington does not think a sale is likely. Lehman shares fell an additional $1.96 or 13.04% to $13.07 after falling 7% the day before.

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. LocateStock TV is 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. 

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