LocateStock.com Daily High Five For Thursday July 31, 2008

Jersey City, NJ – July 31, 2008

The LocateStock.com HIGH FIVE for Thursday, July 31^st are:

                       
5 – Fannie Mae – NYSE:FNM

4 – Citigroup – NYSE:C

3 – Lehman Brothers – NYSE:LEH

2 – Bank of America – NYSE:BAC

1 – Merrill Lynch – NYSE:MER

 

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.

 

* On Wednesday the Mortgage Bankers Association said mortgage application volume tumbled last week to its lowest level of the year, down 14% during the week ending July 25, even as interest rates on fixed-rate mortgages retreated from sharp increases a week earlier. Shares of FNM rose an additional rose 61 cents or 5.26% to $12.21 after rising 12.5% on Tuesday.

 

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.

 

* A detailed comparison of Merrill Lynch's and Citigroup's asset-backed securities/collateralized-debt obligation (ABS-CDO) valuations shows that Merrill has marked its assets at 33 cents to face value while Citi is carrying at 46 cents. Shares of Citi rose 36 cents or 1.95% to $18.81 on Wednesday after surging 6% 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.

 

* Shares of Lehman Brothers surged for a second straight session on Wednesday after the Federal Reserve announced it will expand its emergency borrowing program. The move eased concerns by investors that the nation's fourth-largest investment bank might run into deep liquidity problems because of the ongoing credit crisis. Shares rose $1.35 or 8% to $18.23 after rocketing 10.5% on Tuesday.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Shares of national banks rose Wednesday as the Federal Reserve's extension of its emergency borrowing program helped buoy financial stocks. Wachovia shares rocketed as did the #2 stock, Bank of America. Shares of BAC added $1.39 or 4.31% to $33.61 on Wednesday after rising 15% a day earlier.

Merrill Lynch & Co., Inc., (NYSE:MER) together with its subsidiaries, provides investment, financing, insurance, and related services to individuals and institutions worldwide. It's Global Markets and Investment Banking segment offers various global market services, which facilitate client transactions and markets in securities, derivatives, currencies, commodities, and other financial instruments for clients; provides financing, securities clearing, settlement, and custody services; and engages in principal and private equity investing and proprietary trading activities.

* Merrill Lynch Canada Ltd. announced on Wednesday that its Board of Directors approved a quarterly cash dividend of Cdn $0.36 per Exchangeable Share. The dividend is payable on September 3, 2008 to shareholders of record on August 14, 2008. Shares of MER rose 66 cents or 2.51% to $26.91 on Wednesday after rocketing 8% 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

 

CONTACT:     pressrelease@locatestock.com / 201-332-6800

SOURCE:        Locate Stock, LLC

 

 

 

 

 

LocateStock.com Daily High Five For Wednesday July 30, 2008

Jersey City, NJ – July 30, 2008

The LocateStock.com HIGH FIVE for Wednesday, July 30^th are:

                       
5 – Fannie Mae – NYSE:FNM

4 – Citigroup – NYSE:C

3 – Lehman Brothers – NYSE:LEH

2 – Bank of America – NYSE:BAC

1 – Merrill Lynch – NYSE:MER

 

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 shares rose with the broader market on Tuesday after initially starting the week off in the red upon Congress approved a housing-rescue bill over the weekend. On Saturday, the Senate passed housing rescue legislation aimed at helping struggling homeowners avoid foreclosure and providing financial support to troubled mortgage giants Fannie and Freddie. Shares of FNM surged $1.29 or 12.51% to $11.60 on Tuesday.

 

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.

 

* Merrill Lynch's 30 billion worth of mortgage-related assets for 22 cents on the dollar Tuesday is making everyone on Wall Street ask "What will Citigroup do?" Merrill priced the sold assets well below the 36 cents on the dollar mark it had for them as recently as two weeks ago, when it recorded the current value of the portfolio at $11 billion. Citi's valuation of its CDO holdings is closer to 53 cents on the dollar. Shares of Citi rose $1.02 or 5.85% to $18.45 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.

 

* Shares of Lehman Brothers made up for Monday's loss yesterday amid broader gains in the market and despite news of more credit woes at fellow investment bank Merrill Lynch. Lehman shares rose $1.61 or 10.54% to $16.88 on Tuesday as the broader market posted strong gains amid declining prices for crude oil and a modest improvement in the Conference Board's July consumer confidence index.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Failed energy trader SemGroup LP is seeking court approval to obtain $250 million in debtor in possession financing from Bank of America as it proceeds with its bankruptcy case, according to court filings made late Monday. Shares of BAC rocketed $4.16 or 14.83% to $32.22 on Tuesday.

 

Merrill Lynch & Co., Inc., (NYSE:MER) together with its subsidiaries, provides investment, financing, insurance, and related services to individuals and institutions worldwide. It's Global Markets and Investment Banking segment offers various global market services, which facilitate client transactions and markets in securities, derivatives, currencies, commodities, and other financial instruments for clients; provides financing, securities clearing, settlement, and custody services; and engages in principal and private equity investing and proprietary trading activities.

* Merrill Lynch said it sold $8.55 billion of common shares at $22.50 each, below the value at which the bank's shares traded on Tuesday. The sale was slightly above the $8.5 billion Merrill said it had planned to sell on Monday. The Wall Street investment bank and brokerage said it sold 380 million shares and has the option to sell another 57 million. Shares of MER rose $1.92 or 7.89% to $26.25 on Tuesday.

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

 

 

 

 

 

LocateStock.com Daily High Five For Tuesday July 29, 2008

Jersey City, NJ – July 29, 2008

The LocateStock.com HIGH FIVE for Tuesday, July 29^th are:

                       
5 – Wachovia Corp. – NYSE:WB

4 – Freddie Mac – NYSE:FRE

3 – Bank of America – NYSE:BAC

2 – Lehman Brothers – NYSE:LEH

1 – Fannie Mae – NYSE:FNM

Wachovia Corporation, (NYSE:WB) a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally. Its deposit products include savings, NOW, money market, and interest-bearing checking accounts, as well as noninterest-bearing deposits and other consumer time deposits.

* Reports are saying that Wall Street likes what it's hearing so far from Wachovia's new Chief Executive Bob Steel. Last week, Steel made his earnings debut and unveiled the first steps in a rehabilitation plan for the troubled bank, including a dividend cut and 10,750 job cuts to cope with an $8.9 billion loss. But analysts liked his approach and say he answered questions as fully as he could without over-promising. Wachovia shares started the week off down 87 cents or 6.00% to $13.63 on Monday.

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.

* Freddie shares started Monday off in the red after Congress approved a housing-rescue bill over the weekend. On Saturday, the Senate passed housing rescue legislation aimed at helping struggling homeowners avoid foreclosure and providing financial support to troubled mortgage giants Fannie and Freddie. Shares of FRE fell 55 cents or 6.65% to $7.72 after closing last week mostly lower.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Bank of America shares edged lower Monday after a Stifel Nicolaus analyst cut his full-year profit estimate on the bank, citing concern over continued deterioration in the company's consumer loan portfolio. The analyst cut his full-year profit forecast to $2.40 per share from $2.72 per share. Shares of BAC fell 1.52 or 5.14% to $28.06 on Monday.

 

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.

 

* Merrill had a hand in sending Lehman's stock down on Monday after an analyst suggested that Lehman may write down an additional $2.5 billion in the third quarter and record a loss for the period. Lehman has struggled through the second quarter as negative headlines and management changes pushed the value of the stock down to record levels. The analyst cut his price target to $25. LEH plunged $1.78 or 10.44% to $15.27 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.

 

* Fannie shares started Monday off in the red after Congress approved a housing-rescue bill over the weekend. On Saturday, the Senate passed housing rescue legislation aimed at helping struggling homeowners avoid foreclosure and providing financial support to troubled mortgage giants Fannie and Freddie. Shares of FNM plunged $1.24 or 10.74% to $10.31 after falling 18% last 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.

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

 

 

 

 

 

LocateStock.com Daily High Five For Monday July 28, 2008

Jersey City, NJ – July 25, 2008

The LocateStock.com HIGH FIVE for Monday, July 28^th are:

                       
5 – Wachovia Corp. – NYSE:WB

4 – Citigroup – NYSE:C

3 – Fannie Mae – NYSE:FNM

2 – Bank of America – NYSE:BAC

1 – Freddie Mac – NYSE:FRE

 
Wachovia Corporation, (NYSE:WB) a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally. Its deposit products include savings, NOW, money market, and interest-bearing checking accounts, as well as noninterest-bearing deposits and other consumer time deposits.

* Last Tuesday, the same day that Wachovia announced an astonishing second-quarter loss of $8.9 billion, the company's President and CEO Robert Steel, purchased one million shares for $16.1 million, an average of $16.24 a share. Steel, who took over the top spot July 9, now owns three million shares of the bank's stock. Wachovia shares fell $1.19 or 7.58% to $14.50 on Friday but ended the week up nearly 12%.

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.

* The Wall Street Journal reported that a former manager of a Citigroup hedge fund has filed a complaint with a British tribunal accusing the bank of causing his fund's demise. Specifically, the manager accuses the bank of pressuring the fund to buy billions of dollars in troubled loans. Shares of C fell 21 cents or 1.10% to $18.85 on Friday. The stock fell 4% on the 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.

 

* A report from the Commerce Department Friday showed that sales of new homes fell for the seventh time in the past eight months, as RealtyTrac separately reported that foreclosures in the second quarter more than doubled from the year earlier. Government-sponsored mortgage giant Fannie Mae slid 47 cents or 3.91% to $11.55 on the news. The stock fell more than 18% for the week.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Bank of America reported second-quarter net income last week of $3.4 billion, down from $5.76 billion a year earlier. The CEO of the banks says the company is "not in denial" about rising loan losses. But some analysts say they wonder about the safety of the dividend, especially now that BofA has completed its purchase of mortgage lender Countrywide Financial. Shares of BAC lost $1.06 or 3.46% to $29.58 on Friday but rose more than 7.5% on the 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.

* A report from the Commerce Department Friday showed that sales of new homes fell for the seventh time in the past eight months, as RealtyTrac separately reported that foreclosures in the second quarter more than doubled from the year earlier. Government-sponsored mortgage giant Freddie Mac fell 54 cents or 6.13% to $8.27 on the news and fell 10% on the 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.

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

 

 

 

 

 

LocateStock.com Daily High Five For Friday July 25, 2008

Jersey City, NJ – July 25, 2008

The LocateStock.com HIGH FIVE for Friday, July 25^th are:

                       
5 – Lehman Brothers – NYSE:LEH

4 – Fannie Mae – NYSE:FNM

3 – Citigroup – NYSE:C

2 – Freddie Mac – NYSE:FRE

1 – Bank of America – NYSE:BAC

 

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.

 

* Shares of investment banks including Lehman, fell Thursday along with the broader market after a new report from the National Association of Realtors showed steeper-than-expected declines in sales of existing homes in June. In other news, the city of Los Angeles sued more than 30 municipal bond insurers and Wall Street investment banks, including Lehman, accusing them of fraud and antitrust that it said cost taxpayers millions of dollars. In the lawsuit the city accused the firms of colluding to rig the bidding process that was supposed to result in the most competitive rates for the investments, which included guaranteed investment contracts and swaps. Shares of Lehman fell $2.58 or 12.23% to $18.52 on Thursday.

 

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.

 

* Moody's Investors Service said Thursday that although extending aid to Fannie and Freddie could test the resiliency of the U.S. government balance sheet, it would not endanger the U.S. government's strong Aaa rating. Shares of Fannie plunged $2.98 or 19.87% to $12.02 and are down 15% so far this week.

 

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.

 

* Shares of investment banks including Citigroup, fell Thursday along with the broader market after a new report from the National Association of Realtors showed steeper-than-expected declines in sales of existing homes in June. In other news, the city of Los Angeles sued more than 30 municipal bond insurers and Wall Street investment banks, including Citi, accusing them of fraud and antitrust that it said cost taxpayers millions of dollars. In the lawsuit the city accused the firms of colluding to rig the bidding process that was supposed to result in the most competitive rates for the investments, which included guaranteed investment contracts and swaps. Shares of C lost $2.06 or 9.75% to $19.06 on Thursday.

 

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.

* Moody's Investors Service said Thursday that although extending aid to Fannie and Freddie could test the resiliency of the U.S. government balance sheet, it would not endanger the U.S. government's strong Aaa rating. Shares of Freddie lost $1.99 or 18.43% to $8.81 and is down 4% so far on the week.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Bank of America made an aggressive hire on Thursday, with sources saying BofA's latest hire is Chris Hogg, a longtime Goldman Sachs executive who was in charge of the Wall Street firm's unit that helps its financial institutions clients raise money. Earlier this week the company surprised with better-than-expected results and announced a $3.75 billion stock repurchase program. Shares of BAC fell $2.80 or 8.37% to $30.64 after gaining significant market share back earlier in the 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.

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

 

 

 

 

LocateStock.com Daily High Five For Thursday July 24, 2008

Jersey City, NJ – July 24, 2008

The LocateStock.com HIGH FIVE for Thursday, July 24^th are:

                       
5 – Citigroup – NYSE:C

4 – Fannie Mae – NYSE:FNM

3 – Freddie Mac – NYSE:FRE

2 – Wachovia Corporation – NYSE:WB

1 – Bank of America – NYSE:BAC

 

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's CFO Gary Crittenden said on Wednesday that there are no plans to split the company up because of credit-related problems and that its capital levels remain strong. Crittenden, speaking on a conference call with fixed-income investors, told investors that Citi managers "have no intention to split up the various elements of the bank" and that "it's not something we focus on at all." He said Citi has doubled its stockpile of cash and easy-to-sell securities to about $65 billion at the end of last month compared to $24 billion a year earlier. Shares of C rose 23 cents or 1.10% to $21.12 on the news.

 

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.

 

* House lawmakers are preparing to vote on a multibillion-dollar package to assist homeowners and prop up government-sponsored mortgage buyers Fannie Mae and Freddie Mac. Lawmakers have been working for months on a massive housing bill that's been given new urgency by the Bush administration's plan to backstop Fannie which has seen the value of their shares sink and gyrate in recent days over concerns about their capital levels. Shares of Fannie rocketed $1.59 or 11.86% to $15.00 on Wednesday.

 

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.

* Mortgage insurers jumped Wednesday on hopes that new legislation supporting Fannie Mae and Freddie Mac will help stabilize the housing market. The bill, which House lawmakers may approve Wednesday, would extend an unlimited line of credit from the government to the mortgage-finance giants for 18 months. It would also give the Treasury the authority to buy Fannie and Freddie shares if the Treasury deems the companies' capital to be inadequate. Shares of FRE rose $1.10 or 11.34% to $10.80 after rocketing 11% the day before.

Wachovia Corporation, (NYSE:WB) a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally. Its deposit products include savings, NOW, money market, and interest-bearing checking accounts, as well as noninterest-bearing deposits and other consumer time deposits.

* Shares of national banks mostly rose Wednesday, despite Washington Mutual and Wachovia reporting wider-than-expected second-quarter losses a day earlier. Wachovia rose an additional 86 cents or 5.12% to $17.65 after rocketing more than 27% the day before.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Bank of America said Wednesday that it plans to spend $3.75 billion to repurchase stock. The bank said it will buy up to 75 million shares over the next 12 to 18 months. The newly authorized repurchase program replaces an expiring buyback plan announced in January 2007. Shares of BAC rose $1.09 or 3.37% to $33.44 after jumping more than 13% 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

 

CONTACT:     pressrelease@locatestock.com / 201-332-6800

SOURCE:        Locate Stock, LLC

 

 

 

 

LocateStock.com Daily High Five For Wednesday July 23, 2008

Jersey City, NJ – July 23, 2008

The LocateStock.com HIGH FIVE for Wednesday, July 23^rd are:

                       
5 – UAL Corporation – NASDAQ:UAUA

4 – Wachovia Corporation – NYSE:WB

3 – Fannie Mae – NYSE:FNM

2 – Freddie Mac – NYSE:FRE

1 – Bank of America – NYSE:BAC

 

UAL Corporation (NASDAQ:UAUA) offers air transportation services. The company, through its subsidiary, United Air Lines, Inc., provides transportation of persons, property, and mail in the United States and internationally.

* United Airlines posted big losses Tuesday, though its stock surged 68.54% as the company beat Wall Street earnings estimates. United Airlines parents, UAL Corp. said it lost $2.73 billion, or $21.47 per diluted share, in the second quarter. Most of the loss stems from $2.6 billion in accounting charges. Shares of UAUA rose $3.42 to $8.41.

Wachovia Corporation, (NYSE:WB) a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally. Its deposit products include savings, NOW, money market, and interest-bearing checking accounts, as well as noninterest-bearing deposits and other consumer time deposits.

* Shares of Wachovia gained 27.39% Tuesday and sparked another rally in regional banking stocks after it said it would not need to raise new capital. The shares had fallen after the company said it took $6.1 billion of write-downs for bad investments related to the mortgage and credit crises and increased its write-off and loan-loss provisions. That brought the company to a second-quarter loss and prompted its second dividend cut this year. Shares of WB rose $3.61 to $13.79 on the news.

 

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.

 

* A Bush administration plan to support Fannie Mae and Freddie Mac could cost U.S. taxpayers $25 billion, congressional analysts said on Tuesday in a report that fueled debate as Congress took steps to approve a housing market rescue package. Shares of Fannie fell 72 cents or 5.10% to $13.41 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.

* A Bush administration plan to support Fannie Mae and Freddie Mac could cost U.S. taxpayers $25 billion, congressional analysts said on Tuesday in a report that fueled debate as Congress took steps to approve a housing market rescue package. Shares of Freddie gained 95 cents or 10.86% to $9.70 on the news.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Bank of America was the biggest gainer on the Dow Tuesday, jumping 13.27% after the bank on Monday became the fourth in a string of banks to surpass earnings forecasts. Shares of BAC added $3.79 to close at $32.35 on Tuesday.

 

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

 

 

 

 

LocateStock.com Daily High Five For Tuesday July 22, 2008

Jersey City, NJ – July 22, 2008

The LocateStock.com HIGH FIVE for Tuesday, July 22^nd are:

                       
5 – Citigroup – NYSE:C

4 – Lehman Brothers – NYSE:LEH

3 – Freddie Mac – NYSE:FRE

2 – Bank of America – NYSE:BAC

1 – Fannie Mae – NYSE:FNM

 

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 declared a quarterly dividend on the company's common stock of 32 cents per share, payable on August 22, 2008, to stockholders of record on August 4, 2008. Shares of C rose 34 cents or 1.76% to $19.69 on the news.

 

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.

* Shares of investment banks mostly fell Monday afternoon despite improved activity in the mergers and acquisitions market over the past week. Lehman was one of those banks, falling 79 cents or 4.13% to $18.31. The stock rallied 54% last 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.

* Freddie Mac began the week off in the red on Monday after a Wall Street Journal report said that the company is considering raising capital by selling as much as $10 billion in new shares to investors. Freddie's move reportedly has the potential to head off the need for a government rescue for the government-sponsored entity. The stock lost 43 cents or 4.68% to $8.75 on Monday after last week's 30% rally.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Bank of America has become the latest in a string of big banks whose second-quarter earnings, while hurting from the impact of the credit crisis, still managed to beat Wall Street expectations. The nation's second-largest bank by assets said Monday its profit fell 41% as losses in its struggling mortgage operations were offset by business in other parts of the company. Shares of BAC rose $1.07 or 3.89% to $28.56 on the news.

 

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 rose on Monday, the first day that the SEC's emergency order on preventing the naked short selling of shares took effect. Fannie added 73 cents or 5.45% to $14.13 on Monday after closing last week higher by 38%.

 

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

 

 

 

 

LocateStock.com Daily High Five For Monday July 21, 2008

Jersey City, NJ – July 21, 2008

The LocateStock.com HIGH FIVE for Monday, July 21^st are:

                       
5 – Citigroup – NYSE:C

4 – Washington Mutual – NYSE:WM

3 – Lehman Brothers – NYSE:LEH

2 – Freddie Mac – NYSE:FRE

1 – Fannie Mae – NYSE:FNM

 

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 has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion second-quarter loss on Friday that was smaller than expected. Shares of C rose $1.38 or 7.68% to $19.35 on the news.

 

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.

* Shares of national bank Washington Mutual rose sharply last week, getting a boost from better-than-expected earnings results at Wells Fargo. The stock rocketed 93 cents or 18.64% to $5.92 and earned back 83% for the 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 has been rising on recent news that JP Morgan Chase beat market expectations with earnings of 54 cents a share after incurring a $540 million loss linked to the acquisition of Bear Stearns. Analysts surveyed by Reuters had forecast JP Morgan's earnings at 44 cents a share. Shares of LEH rose 21 cents or 1.11% to $19.11 and were up 54% for the 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.

* Mortgage financier Freddie Mac took a step toward issuing common and preferred stock to help bolster its balance sheet Friday when the Securities and Exchange Commission accepted its registration statement filed earlier in the day. Shares of FRE closed Friday up 85 cents or 10.2% to $9.18. The stock ended the week higher by almost 30%.

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 and Freddie rallied last week after Freddie Mac completed its second successful debt sale. Shares of Fannie added an additional $2.47 or 22.60% to $13.40 and closed up 38% on the 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.

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

 

 

 

 

LocateStock.com Daily High Five For Friday July 18, 2008

Jersey City, NJ – July 18, 2008

The LocateStock.com HIGH FIVE for Friday, July 18^th are:

                       
5 – Washington Mutual – NYSE:WM

4 – JP Morgan Chase – NYSE:JPM

3 – Freddie Mac – NYSE:FRE

2 – Lehman Brothers – NYSE:LEH

1 – Fannie Mae – NYSE:FNM

 

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.

* Shares of national bank Washington Mutual rose sharply Wednesday, getting a boost from better-than-expected earnings results at Wells Fargo and a significant rise in the broader market. Washington Mutual shares continued their rally on Thursday, gaining 46 cents or 10.15% to $4.99 after rocketing more than 25% the day before.

JP Morgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset Management.

* JP Morgan rallied Thursday on news that the brokerage beat market expectations with earnings of 54 cents a share after incurring a $540 million loss linked to the acquisition of troubled investment bank Bear Stearns. Analysts surveyed by Reuters had forecast JP Morgan's earnings at 44 cents a share. Shares surged $4.86 or 13.52% to $40.80 on Thursday.

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.

* Fannie and Freddie rallied for a second straight day after Freddie Mac completed its second successful debt sale this week, calming fears after a government bailout of the mortgage-finance companies. Shares of Freddie added $1.50 or 21.96% to $8.33 on Thursday after rocketing 30% the day before. The stock is up 17% 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 and other financials rallied on news that JP Morgan Chase beat market expectations with earnings of 54 cents a share after incurring a $540 million loss linked to the acquisition of troubled investment bank Bear Stearns. Analysts surveyed by Reuters had forecast JP Morgan's earnings at 44 cents a share. Shares of LEH rose $2.25 or 13.51% to $18.90 after rocketing 26% the day before. Shares are up more than 52% 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 and Freddie rallied for a second straight day after Freddie Mac completed its second successful debt sale this week, calming fears after a government bailout of the mortgage-finance companies. Shares of Fannie added $1.68 or 18.16% to $10.93 after rocketing 31% the day before. The stock is up more than 12% 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.

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

 

 

 

 

LocateStock.com Daily High Five For Thursday July 17, 2008

Jersey City, NJ – July 17, 2008

The LocateStock.com HIGH FIVE for Thursday, July 17^th are:

                       
5 – National City – NYSE:NCC

4 – Washington Mutual – NYSE:WM

3 – Freddie Mac – NYSE:FRE

2 – Fannie Mae – NYSE:FNM

1 – Lehman Brothers – NYSE:LEH

 

National City Corporation, (NYSE:NCC) a financial holding company, provides commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management services in the United States. Its retail banking services include deposit gathering and direct lending services, business banking services, education finance, retail brokerage, and lending-related insurance services to consumers and small businesses.

 

* Regional bank shares advanced Wednesday, in line with the broader market, as Wells Fargo & Co.'s milder-than-expected second-quarter loss and decision to boost its dividend instilled some confidence in the sector. Among the gainers was National City which rose 80 cents or 22.22% to $4.40 on Wednesday.

 

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.

* Shares of national bank Washington Mutual Inc. rose sharply Wednesday, getting a boost from better-than-expected earnings results at Wells Fargo and a significant rise in the broader market. Washington Mutual shares rose 92 cents or 25.48% to $4.53 on the NYSE. Shares are down more than 5% on the 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.

* The SEC said its emergency ruling against "naked" short-selling will take effect Monday, July 21 and last for at least 30 days. During this time the SEC will evaluate whether they want to extend the ruling. It prohibits naked selling in the stocks of 19 major financial institutions including Freddie Mac. Shares of FRE rose $1.57 or 29.85% to $6.83 on Wednesday. Freddie is down 12% 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.

 

* The SEC said its emergency ruling against "naked" short-selling will take effect Monday, July 21 and last for at least 30 days. During this time the SEC will evaluate whether they want to extend the ruling. It prohibits naked selling in the stocks of 19 major financial institutions including Fannie Mae. Shares of FNM rocketed $2.18 or 30.83% to $9.25 on Wednesday. Shares are down about 10% so far 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.

* The SEC said its emergency ruling against "naked" short-selling will take effect Monday, July 21 and last for at least 30 days. During this time the SEC will evaluate whether they want to extend the ruling. It prohibits naked selling in the stocks of 19 major financial institutions including Lehman Brothers. Lehman shares surged $3.43 or 25.95% to $16.65 on Wednesday. The stock is up about 15% 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.

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

 

 

 

 

LocateStock.com Daily High Five For Wednesday July 16, 2008

Jersey City, NJ – July 16, 2008

The LocateStock.com HIGH FIVE for Wednesday, July 16^th are:

                       
5 – General Motors – NYSE:GM

4 – Lehman Brothers – NYSE:LEH

3 – Washington Mutual – NYSE:WM

2 – Freddie Mac – NYSE:FRE

1 – Fannie Mae – NYSE:FNM

 

General Motors Corporation (NYSE:GM) and its subsidiaries engage in the development, production, and marketing of cars, trucks, and related parts worldwide. It offers small, midsize, sports, and luxury cars; and pickup, van, utilities, and medium duty trucks.

 

* GM listed a slew of measures on Tuesday aimed at cutting costs and raising capital by $15 billion. The measures lifted the stock up 4.9% to lead Dow components. GM shares rose 46 cents to $9.84 on the news.

 

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.

* Credit Suisse Group said Tuesday it has hired Erin Callan, Lehman Brothers' former chief financial officer, to run the Swiss bank's global hedge fund business. Last month Callan was ousted from her job as Lehman's CFO after the company reported an unexpected loss of nearly $3 billion. Chief Executive Richard Fuld said at the time that Callan would remain with the company as an executive in its investment bank. Lehman shares fell 82 cents or 6.61% to $13.22 on Tuesday.

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.

* On Tuesday it was reported that Washington Mutual will lay off more employees in September. The layoff was announced to employees in the company's home base of Seattle at a conference call on Friday. However, the Seattle thrift declined to confirm that it plans to lay off more workers. A day earlier WaMu's stock crashed to a new low of $3.03. Shares of WM redeemed themselves a bit on Tuesday, rising 38 cents or 11.76% to $3.61.

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.

* Christopher Cox, chairman of the Securities and Exchange Commission told Congress on Tuesday that the SEC will use emergency powers to limit "short selling" of stock in mortgage giants Freddie Mac and Fannie Mae.  Shares of FRE plunged an additional $1.85 or 26.02% after falling more than 8% 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.

 

* Christopher Cox, chairman of the Securities and Exchange Commission told Congress on Tuesday that the SEC will use emergency powers to limit "short selling" of stock in mortgage giants Freddie Mac and Fannie Mae.  Shares of FNM plunged $2.66 or 27.34% to $7.07 after falling more than 5% on Monday.

 

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

 

 

 

 

LocateStock.com, The Short Sellers Condom

Jersey City, NJ -- July 15, 2008 --

Today, the Chairman of the Securities and Exchange Commission, Christopher Cox, told the Senate Banking Committee that the agency will invoke emergency action requiring short-sellers to pre-borrow shares of Fannie Mae and Freddie Mac prior to executing a short sale. Such a move will protect the mortgage giants from huge sell-offs in their stocks.

LocateStock.com is the only third party software provider of real-time, pre-borrow locates available to the U.S. Capital Markets.

Company Ticker Symbol(s)
BNP Paribas Securities Corp. BNPQF or BNPQY
Bank of America Corporation BAC
Barclays PLC BCS
Citigroup Inc C
Credit Suisse Group CS
Daiwa Securities Group Inc DSECY
Deutsche Bank Group AG DB
Allianz SE AZ
Goldman, Sachs Group Inc GS
Royal Bank ADS RBS
HSBC Holdings PLC ADS HBC and HSI
J. P. Morgan Chase & Co. JPM
Lehman Brothers Holdings Inc LEH
Merrill Lynch & Co., Inc MER
Mizuho Financial Group, Inc MFG
Morgan Stanley MS
UBS AG UBS
Freddie Mac FRE
Fannie Mae FNM

In the Spring of 2006, Trader Magazine quoted the founder and Chief Executive of LocateStock.com, John Tabacco, explaining that because LocateStock.com partners actually borrow the securities, or have proprietary inventory, the locate is as firm as can be. Mr. Tabacco also noted two years ago that regulation is moving in the direction of demanding a pre-borrow.

Today, Mr. Tabacco's words are even more relevant. "The SEC announcement is a tremendous development, and a huge step in the direction of responsible Short Sale Governance."

Mr. Tabacco added that the new direction by the SEC punctuates the LocateStock model, which has been engaged in pre borrowing shares since 2005. "Never before has our corporate slogan been more apropos."

Mr. Tabacco reminds short sellers not to get caught naked and to use LocateStock.com.

About LocateStock.com

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.

To learn more about hard-to-borrow stocks please visit www.LocateStock.com.

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC