LocateStock.com Daily High Five For Thursday August 28, 2008

Jersey City, NJ – August 28, 2008

 

The LocateStock.com HIGH FIVE for Thursday, August 28^th are:

                       

5 – Solarfun Power Holdings – NASDAQ:SOLF

4 – AMR Corporation – NYSE:AMR

3 – Fannie Mae – NYSE:FNM

2 – Freddie Mac – NYSE:FRE

1 – Ford – NYSE:F

Solarfun Power Holdings Co., Ltd., (NASDAQ:SOLF) through its subsidiary, Jiangsu Linyang Solarfun Co., Ltd., engages in the development, manufacture, and sale of photovoltaic (PV) cells and PV modules primarily in the People's Republic of China. It offers monocrystalline silicon cells and modules, and multicrystalline silicon cells and modules to system integrators, as well as through third party distributors.

* Shares of Solarfun Power Holdings dropped Wednesday after the Chinese solar cell maker warned that the average selling price of its photovoltaic modules could fall in 2009. Shares fell $2.61 or 13.78% to $16.33. Lazard Capital Markets analyst Sanjay Shrestha is maintaining a "Hold" rating on the stock, saying it is fairly valued at current levels considering the near-term uncertainty surrounding polysilicon sourcing and margin performance.

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.

 

* On Wednesday AMR Corp. was downgraded at Citigroup to Sell, with a $9 price target. Despite lower fuel costs, the stock has more than doubled since July 15, and trades at a premium to its European peers. Shares of AMR fell an additional 26 cents or 2.71% to $9.35. Shares are down almost 9% so far this week.

 

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 said late Wednesday that three top executives are leaving as the mortgage finance company aims to cope with mounting losses from the mortgage crisis. Fannie shares rocketed 86 cents or 15.30% to $6.48. Shares are up 29% so far this 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.

* Friedman Billings Ramsey analyst David Rochester on Wednesday said Financial Institutions, the holding company of Five Star Bank, is among the banks he covers with substantial exposure to troubled mortgage finance companies Fannie Mae and Freddie Mac. Shares of Freddie rose an additional 78 cents or 19.65% to $4.75 on Wednesday and are up 69% so far this week.

Ford Motor Company (NYSE:F) designs, develops, manufactures, and services cars and trucks worldwide. It operates in two sectors, Automotive and Financial Services.

 

* On Wednesday River Bend Ford Sales Manager Garet Franklin presented the keys to an F-250 super duty Ford truck to Bainbridge High School Future Farmers of America (FFA). Earlier in the week, Ford Motor Company Fund, the philanthropic arm of Ford Motor Company, donated $90,000 in grant money to the Society of Manufacturing Engineers Education Foundation. More than half of this will serve as scholarship money. F shares fell 9 cents or 2.07% to $4.26.

 

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