This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

50 Cent Tweets, Penny Stock Soars

Stocks in this article: HNHI.OB

NEW YORK ( TheStreet) -- 50 Cent has suddenly gotten a bit more measured in his praise for H&H Imports (HNHI.OB) after shares of the company soared Monday following a series of positive tweets from the rapper.

"HNHI is the right investment for me it may or may not be right for u! Do ur homework," 50 Cent, formerly known as Curtis Jackson, tweeted after Monday's closing bell following up an earlier so-called short, timely message that definitely had a disclosure feel to it. "I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it."

H&H owns TV Goods Inc., a direct marketing company that sells products primarily through the use of infomercials. The company was founded by Kevin Harrington, who has appeared on the ABC television show "Shark Tank," where inventors and entrepeneurs pitch products and business ideas to potential investors. Products currently listed on the TV Goods' Web site include BrightFeet slippers described as "nightlights for your feet" and PumMagic, a line of pumice-based cleaning products represented by wrestler Hulk Hogan.

Last Thursday, TV Goods, 50 Cent and a private company Sleek Audio announced plans to partner up to enter the wireless headphone market. TV Goods acquired worldwide marketing rights to a new product line of Sleek Wireless Hybrid and Tunable audio products, which 50 Cent, who owns part of Sleek Audio through his company G-Unit , would then endorse. As part of the deal, 50 Cent made an equity investment in TV Goods and TV Goods made an equity investment in Sleek Audio.

The press release describes 50 Cent as a "significant minority shareholder in TV Goods" and said it would eventually be offered a seat on its board.

That investment saw massive appreciation on Monday as shares of H&H Imports jumped 290% to 39 cents, boosting the company's market capitalization to around $82 million, a jump of roughly $60 million in a single day. Monday's volume reached almost 9 million compared the issue's usual churn of less than 30,000.

That jump and the press attention it received likely explains the change in tone in the rapper's tweets as he could be on iffy ground overly praising a public company in which he has an investment.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs