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  • Stocks in Focus Monday | August 2, 2010 | BP | RIMM | GENZ |

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    Sunday August 1st, 2010 at 08:15 pm EST


    Stocks to Buy Now are - BP, RIMM, GENZ

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    BP - BP plc (ADR) (NYSE:BP)
    BP Plc plans this week to inject mud down its Macondo well in the Gulf of Mexico to begin permanently plugging the source of the largest oil spill in U.S. history. The injection process, a so-called static kill, will start tomorrow night or on Aug. 3, National Incident Commander Thad Allen told reporters today on a conference call. BP stocks are expected to rise on this news.
    Source : Bloomberg

    RIMM - Research in Motion Limited (NASDAQ:RIMM)
    This is a real bad news for Research in Motion Limited(RIMM). United Arab Emirates blocks key features of the smartphone over terrorism concerns. Saudi Arabia says it will follow suit. Critics say the nations just wish to keep a tight rein on information. All BlackBerry e-mails are handled by the company’s own enterprise servers, making the devices popular with companies and government officials including Barack Obama, who kept his BlackBerry after becoming U.S. president. The first statement came from India about the security issues over Blackberry devices few days ago when a plot against Indian government was uncovered. UAE made the decision and Saudi was soon to comment that they can do it soon. RIMM stocks may suffer heavily on Monday. 
    Source : LATimes

    GENZ - Genzyme Corporation (NASDAQ:GENZ)
    $70 or $80 ? I think it might end up at $75. But the greedy Carl is not able to control his desperateness for the sale and he will agree with even $70. Sanofi's board has authorized CEO Chris Viehbacher to bid up to $70 per share for Genzyme, according to reports, although some analysts suggest Genzyme may hold out for as much as $75 per share. Anticipation of the deal, which first surfaced earlier in July when reports suggested Sanofi had lined up a $20 billion takeover fund, has already boosted the value of Genzyme's shares. They traded for near $70 per share Thursday. It will be interesting to see the end result. If you are ready to speculate big, going for options will be the best thing.
    More Info : FT



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