The LocateStock.com HIGH FIVE for Wednesday, August 27th are:
5 – MBIA – NYSE:MBI
4 – AMR Corporation – NYSE:AMR
3 – Lehman Brothers – NYSE:LEH
2 – Freddie Mac – NYSE:FRE
1 – Fannie Mae – NYSE:FNM
MBIA, Inc., (NYSE:MBI) through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants worldwide. It operates through two segments, Insurance and Investment Management Services.
* Shares of bond insurer MBIA rose on Monday, lifted in part by Freddie Mac's successful debt auction. Shares rose 6.2% and rose an additional 9 cents or 0.83% to $10.92.
AMR Corporation (AMR), (NYSE:AMR) through its subsidiaries, operates as a scheduled passenger airline in the
* Airline stocks were showing weakness Tuesday as oil prices climbed ahead of a
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.
* Bloomberg reported on Tuesday that Lehman may seek outside investors to fund a company that would buy the investment bank's commercial real estate assets. The new company would manage the assets, but Lehman may contribute some equity to the venture to reap the benefits if the assets rise in value. Shares of LEH rose 58 cents or 4.31% to $14.03.
Freddie Mac (NYSE:FRE) engages in mortgage purchasing, credit guarantee, and portfolio investment activities in the
* Freddie Mac helped lead the financial-sector rally Tuesday on a report that they may have enough capital to absorb losses this year. Shares rose an additional 68 cents or 20.67% to $3.97 after rocketing 17% the day before.
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 Mae helped lead the financial-sector rally Tuesday on a report that they may have enough capital to absorb losses this year. Fannie also said its mortgage portfolio grew 14.4% in July, showing that the company is growing its business despite capital concerns. Still, the firm said its serious delinquency rate on conventional single-family mortgages rose to 1.36% in June from 1.3%. Shares of Fannie rose 43 cents or 8.29% to $5.62 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.
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
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, LLC
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