LocateStock.com Daily High Five For Thursday August 21, 2008

Jersey City, NJ – August 21, 2008

The LocateStock.com HIGH FIVE for Thursday, August 21^st are:

                       
5 – US Airways Group – NYSE:LCC

4 – AMR Corporation – NYSE:AMR

3 – Freddie Mac – NYSE:FRE

2 – Lehman Brothers – NYSE:LEH

1 – Fannie Mae – NYSE:FNM

 
US Airways Group, Inc. (NYSE:LCC) provides air transportation for passengers and cargo. It operates approximately 3,800 flights daily to 230 communities in the continental United States, Hawaii, Alaska, Canada, the Caribbean, Latin America, and Europe.

* Airlines stocks remained under pressure Wednesday as oil prices remained virtually flat following a U.S. government inventories report. Shares of US Airways lost ground, closing down 13 cents or 1.70% to $7.51.

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.

* American Airlines, the nation's largest carrier, spent $1.4 million in the second quarter to lobby on air traffic control, aviation security and other issues, according to a recent disclosure report. The airline lobbied Congress on a bill to reauthorize the Federal Aviation Administration and modernize the air traffic control system. Shares of AMR lost an additional 13 cents or 1.29% to $9.95 after losing nearly 12% a day earlier.

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 Freddie Mac hit a new low and fell 22.06% on Wednesday as the chorus of pessimists reached a crescendo and market consensus solidified that the government will have to bail them out. Bloomberg News reported that the government's decision to bail out the firms will likely depend on whether or not the firms can pay off bonds coming due this month. Freddie lost 92 cent to $3.25 after plunging as low as $2.95 earlier in the session. Shares of Freddie are down more than 44% 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.

* Lehman continued its run on the hot seat for the third 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 rose 66 cents or 5.05% to $13.73 on Wednesday.

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 Fannie Mae also hit a new low on Wednesday, falling 26.79% as the chorus of pessimists reached a crescendo and market consensus solidified that the government will have to bail them out. Bloomberg News reported that the government's decision to bail out the firms will likely depend on whether or not the firms can pay off bonds coming due this month. Fannie shares lost $1.61 to $4.40 after hitting a new low of $3.95. The stock is down more than 44% 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