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  • Hot Stocks to Watch Mid-day | BP | SPNG | SXE | PG | THRR |

    Friday May 7th, 2010 at 12:06 pm EST

    Hot Stocks for Friday 05/07/2010  BP, SPNG, SXE, PG, THRR

    Hey Friends,

    Hot stocks to watch on Friday 05/07/2010  are
    BP - BP plc(ADR)
    SPNG - Spongetech Delivery Systems Inc.
    SXE - Stanley Inc.
    PG - Proctor & Gamble Company
    THRR - Thresher Industries Inc. - Click Here for THRR Report

    BP - I don't think there is any need for comments on this. The article is very well written with facts and figures. Read the article and decide yourself. BP is definitely a good investment at this time. Also do some research on Call Options in BP.
    In Wake of Oil Spill, BP Stock Looks Cheap  
    Right now we don't know for sure how bad this crisis is going to get, or how much it is going to cost. We don't know how quickly they can cap the well, how much oil is going to gush out before they do, where that oil will end up and how much business or environmental damage it will do. The situation is changing hourly. What if the giant oil slick gets carried around the tip of Florida by the Gulf Stream?
    Source : Wallstreet Journal

    SPNG- A very bad ending of SPNG. It was one of the most popular pumped stocks. SPNG used the strategy of paying digital publicity companies which take the stock higher by false publicity. Spongetech also announced last year their own target price of 70 cents. As I always say, these stocks are good to earn in a day. Just take advantage of the flow but don't hold them.
    Spongetech Execs Accused In Alleged Fraud Scheme
    According to a criminal complaint filed Wednesday, Michael Metter, Spongetech's chief executive and president, and Steven Moskowitz, the New York pre-soaped sponge maker's chief operating officer and chief financial officer, were charged with conspiracy to commit securities fraud and obstruction of justice. They each face up to five years in prison on the conspiracy charge.
    Source : Wallstreet Journal 

    SXE - CGI Group Inc. and Stanley Inc. announced that they have entered into a definitive merger agreement for CGI to acquire Stanley through a cash tender offer at $37.50 per share, representing an enterprise value of approximately $1.07 billion. The per share purchase price represents a premium of 23.3% over Stanley's 30-day volume weighted average stock price and 38.3% over its 60-day average. Source : Reuters

    PG - Its reported that PG and MMM were chiefly responsible for the 1000 point drop that happened on Thursday. More clarification is yet to come from NYSE.

    Work smart Today to enjoy your Tomorrow.

    God Bless,
    Be Rich.



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