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  • Hot Stocks to watch Friday | CX | VVUS | FBP | CPTS |

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    Thursday July 8th, 2010, 11:59 pm EST

    Hot Stocks to Watch Friday 07/09/2010 -  VVUS, CX, FBP, CPTS

    Dear Traders,

    Hot stocks to watch on Friday 07/09/2010  are
    VVUS - VIVUS Inc.
    CX - Cemex SAB de CV (ADR)
    FBP - First BanCorp.
    CPTS - Conceptus, Inc.

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    VVUS - VIVUS Inc. (VVUS)
    Vivus Inc (VVUS), is expecting to get approval for its weight loss drug combination where earlier efforts flopped after several weight-loss drugs were linked to serious side effects. FDA will seek input from outside advisers on July 15 on Vivus' pill, Qnexa, for use with diet and exercise. It could be the first prescription weight loss drug in a decade if approved. Obesity is a major problem in United states and such drug has a giant market. VVUS stock will be moving wildly before the decision. It can bring heavy profits. Do your research and make a wise decision.

    CX - Cemex SAB de CV (ADR) (NYSE:CX)
    Mexican building supplies company Cemex SAB announced today that it has agreed to sell some of its properties in Kentucky to Bluegrass Materials Co. for $90 million. The proceeds of the sale will be used to reduce debt and improve its cash position. The deal is expected to close in the third quarter. The company said the assets were deemed as non-core assets for US operations.



    FBP - First BanCorp.(NYSE:FBP)
    First BanCorp. (NYSE: FBP) provider of a range of financial services to retail, commercial and institutional clients in Puerto Rico and the British Virgin Islands announced that the company has signed an agreement to swap out the preferred shares it issued to the Treasury Department in 2009 with newly issued shares that can be converted into common stock. Investors took the news positively pumping the stock up 54% to $0.649. The uptrend is expected to continue on Friday.

    CPTS - Conceptus, Inc. (NASDAQ:CPTS)
    Conceptus Inc. cut its second-quarter and full-year forecasts on Thursday due to the weak economy and high unemployment which is causing prospective patients to delay visits to doctors.The company said visits to doctors in the U.S. have fallen 5-10% from last year because of high unemployment rates. Shares of the company dropped 25.1 % to $11.82 in after-hours. Conceptus now expects a profit of 10 cents to 11 cents per share compared to 12-15 cents announced earlier. 25% drop is an over reaction and there should be a correction on Friday in regular trading hours.

    Work Smart Today to Enjoy your Tomorrow.

    God Bless,
    Be Rich.


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