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  • Stocks to Watch on Friday | PAR | EXEL | CERP | GOK |

    J CREW LOGO
    Thursday Aug 27, 2010, 10:27 pm EST
     
    Stocks to Watch on Friday 08/27/2010 -  PAR, EXEL, CERP, GOK
     
    Dear Traders,
    Sign up for Daily alerts directly to your inbox.
    Hot Stocks to Watch Friday 08/27/2010  are
    PAR- 3PAR Inc.
    EXEL- Exelixis, Inc.
    CERP- Cereplast, Inc.
    GOK- Geokinetics Inc.


    PAR - 3PAR Inc. (NYSE:PAR)
    Hewlett-Packard (HPQ) today announced a bid of $27 per share for 3PAR Inc.(PAR) to outbid rival Dell Inc.'s (DELL) bid. The announcement came just hours after Dell almost matched HP's earlier bid of $24 a share. HP also said that their deal is "superior" than Dell's and that they are in better position to acquire 3PAR.
     
    EXEL -Exelixis, Inc.(NASDAQ:EXEL)
    Exelixis Inc. (EXEL) shares gained on the news of chief executives buying shares. Usually executives load up shares for themselves when some good news is expected. According to the filings, Exelixis Chairman Stelios Papadopoulos bought 200,000 shares of his company's stock on Aug. 24 for $610,220 and CFO Frank Karbe is listed as buying 16,500 shares for $49,165.

    CERP - Cereplast, Inc.(NASDAQ:CERP)
    Cereplast Inc. (CERP) shares gained on second consecutive day on Thursday. On Wednesday, Cereplast Inc. announced that Italy-based RI.ME. Masterbatch S.r.l. will distribute Cereplast's bioplastic resins to the European market. Investors have taken this news positively. CERP stock seems strong for the future.

    GOK- Geokinetics Inc.(AMEX:GOK)

    Geokinetics Inc. (NYSE Amex: GOK) announced that Petroleos Mexicanos (PEMEX) has awarded its Mexican subsidiary a seismic acquisition contract valued in excess of $110 million for work in Mexico. The stock gained 23% on the news. I am keeping it hot stock for Friday too as there are good chances of the stock to gain more on this news.

     

    God Bless,
    Be Rich.


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