Coral Gables, FL -- (ReleaseWire) -- 10/07/2016 --The results are in. The U.S. added 156,000 new jobs in September. This is another positive step for the U.S. economy and a likely sign that the Federal Reserve could soon raise interest rates amid the guise of economic growth. "The jobs market remains a relative bright spot in an environment that continues to be characterized by moderate growth overall," said Jim Baird, chief investment officer in Plante Moran Financial Advisors. Though this news hasn't boosted markets today, overall, there are several trending stocks to watch. Lipocine Inc, Nova Lifestyle Inc, and FBEC Worldwide Inc have all gained significant attention during Friday's trading session.
Lipocine Inc received a buy rating from H.C. Wainwright's Corey Davis. The rating given also came with a price target of $25 and with the stock currently trading under $6, Davis suggests some obnoxiously large upside. The analyst mentioned that Lipocine's drug LPCN 1021, brand name Tylando, was given a Complete Response letter in late June and the company was anticipating more details in the near future. The company's recent success of LPNC 1111 in Phase 2b trials and its current LPCN 1107 set to enter Phase 3 trials could be two catalysts investors are starting to pay attention to. Some analysts have become bullish on this company, see what others are saying, here: LPCN Market Sentiment Tracker.
Nova Lifestyle has also gained its own string of momentum today. Since opening $3.50 the stock has seen highs of $4.15 during the morning session. This 18.5% move has been a result of increased trading activity and market momentum triggered by a previous announcement that the company has signed a Share Transfer Agreement with Kuka Design Limited, a company incorporated in BVI to sell NOVA BVI and its subsidiaries, which consists of the Company's manufacturing operations in mainland China. The agreement was for an Aggregate Purchase Price of $8.5 Million.
FBEC Worldwide is enjoying new highs today as activity continues to heat up for this "healthy hemp" branded company. FBEC's flagship product, Wolf Shot Healthy Hemp Energy shot has gained ground in recent weeks. The company announced that its shots have sold out on Amazon.com and the company received a follow up purchase order for double the previous amount. Prior to this, FBEC announced that it had signed a distribution agreement with a company (PNBM Holdings) for exclusive placement into 7-11 and other stores. Shares of FBEC have climbed by as much as 473% within the last 26 days.
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MIDAM Ventures, LLC was paid an advertising fee of $60,000 cash & 10 Million Restricted Common shares by FBEC Worldwide Inc. (FBEC) for visual sponsorship of and for visual placement FBEC Worldwide Inc. (FBEC) within written materials. FOR A DURATION OF 1 YEAR BEGINNING JUNE 2015 ending JUNE 2016.