You can read the original version online:
http://ymlp284.net/zOOfm2 ——————————————————————————– August 19, 2012 Week In Review…
Week In Review For August 13 to August 17, 2012 Canadian Companies mentioned include:
* Tembo Gold Corp. (TSX-Venture:TEM) * Contact Exploration Inc. (TSX-Venture:CEX) * Katanga Mining Ltd. (TSX:KAT) * Atna Resources Ltd. (TSX:ATN) U.S. Companies mentioned include:
* Article Published, August 14, 2012: Cortex Pharmaceuticals Expands Pipeline through Merger with Pier Pharma (http://www.allpennystocks.com/aps_us/special-reports/287/cortex-pharmaceuticals-expands-pipeline-through-merger-with-pier-pharma.htm) (U.S. Company) * Article Published, August 15, 2012: Global Demands for Potash Puts Passport Potash in a Sweet Spot for Growth (http://www.allpennystocks.com/aps_ca/special-reports/288/global-demands-for-potash-puts-passport-potash-in-a-sweet-spot-for-growth.htm) (CDN Company) * Article Published, August 17, 2012: Tyson Chandler Joins Growing Team of Superstars at Fuse Science (http://www.allpennystocks.com/aps_us/special-reports/288/tyson-chandler-joins-growing-team-of-superstars-at-fuse-science.htm) (U.S. Company) Video charts for the week:
* August 15th Technical Video Chart For AEMD. The Aethlon Medical chart is charging ahead from a 7 cent support level to be trading over both the 50 and 200 day moving averages. Traders will be eying those averages for continued support as the trend shift has the pps positioned to potentially challenge the next resistance at 13 cents.
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/HDV8lQpm6H0 ).
* August 15th Technical Video Chart For TEM:CA. The Tembo Gold chart has been soaring since finding a base at 45 cents. On Tuesday, the stock blew through 65 cent resistance on a big increase in volume; putting the chart in focus for a possible continued run toward resistance at $1.00. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/Bj8mSHj04eM ).
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WEEKLY UPDATE -NORTH AMERICAN STOCKS NEARING APRIL HIGHS, TSX VENTURE BIGGEST WINNER LAST WEEK Stocks in North America started the week on a sour note after six days of gains for the S&P 500 as data from Japan showed the economy grew much less than expected in the second quarter, dragging down equities, the US dollar, gold and oil futures. However, by the end of the week, stocks had stormed back into the green.
Volume levels of trading remain low as is typical with Labor Day approaching in the States, with the holiday normally marking a time where trading activity picks back up. For example, on Monday, Nasdaq composite volume was around 1.33 billion shares, well below the August average of 1.74 billion.
Japan`s gross domestic product expanded just 0.3 percent in April-June, half the 0.6 percent pace that was expected, highlighting headwinds for growth as the impact of Europe`s debt crisis on worldwide demand continues. Japan’s gross domestic product expanded at an annualized 1.4% in the second quarter, nearly half of what economist`s called-for and representing a substantial drop from the 5.5 percent growth posted in the first quarter.
On Tuesday, more global GDP data hit the markets with info showing a 0.3% expansion in German gross domestic product in the second quarter.
France’s economy was flat in the same period. Both figures were stronger than economists had forecast, providing a bit of optimism for both domestic and foreign markets. However, stale GDP data from Portugal (down 1.2%) and Spain (down 0.4%) contributed to a 0.2% fall in second-quarter eurozone growth. The German ZEW economic sentiment indicator dropped to minus 25.5 in August from minus 19.6 in July, its lowest level since December 2011. The broad markets stagnated on the influx of information as, while it was bad, it was not as bad as predicted, which buoyed the markets instead of crippling them.
Also on the foreign front, Greek Prime Minister Antonis Samaras and German Chancellor Angela Merkel met in Berlin on Friday to discuss Greece`s economic and fiscal situation. The meeting comes as Greece reportedly seeks to extend the timeframe of its austerity program by two years. The Greek economy, which has been in recession for years, shrank 6.2% in the second quarter, according to preliminary government estimates released last week.
Comments on Thursday from Merkel helped spark the markets as she appeared to back European Central Bank President Mario Draghi`s vow to do all that is necessary to defend the euro. Her comments increased expectations the ECB will slash its main refinancing rate to a record low of 0.5 percent and start buying Spanish and Italian bonds next month to lower the two countries` borrowing costs.
Investors are also mulling-over the decision of Republican Presidential candidate Mitt Romney`s decision to pick Paul Ryan as his running mate. Ryan has a long investment history and it has been gleaned from his voting record that he will be very pro-Wall Street for a variety of reasons, including the fact that Ryan has said in the past that he wants to privatize Social Security (meaning that individuals will be able to put a portion of their Social Security deduction into a private account that would be anywhere between 50 and 80 percent stocks). Ryan also voted for bank bailouts and against a 2009 bill that would have modified bankruptcy rules so homeowners could avoid foreclosure. Politics aside (that`s not our gig), there is a certain amount of optimism amongst major players about Romney/Ryan potentially moving into the White House because it could bring more money to Wall Street.
An increase in retail sales, good housing data and a surprising jump in consumer sentiment in the States allowed the bulls to run heading into the weekend. Investors are closely monitoring all economic data ahead of a high-profile gathering of Federal Reserve officials and others at the Kansas City Federal Reserve’s annual conference in Jackson Hole, Wyoming at the end of the month. It was this location that Fed Chairman Ben Bernanke, in a speech at the symposium in 2010, signaled that a second round of quantitative easing, or bond buying by the Fed, was on its way. Speculation about QE3 has been running rampant on Wall Street with mixed economic data regularly streaming in either tempering or boosting hopes that Big Ben will announce a third iteration of money printing.
The late week surge bode very well for all the major North American exchanges. The TSX finished the week above 12,000 for the first time since early May when the European debt crisis took a turn for the worse as markets focused on high debt levels in Spain. The smaller Venture exchange was the best performer of the five majors we track at AllPennyStocks.com; galloping ahead by 3.56 percent on the week as it looks to continue to roll-off multi-year lows. The Dow has advanced for six straight weeks and is closing in on April`s high of 13,316.
The S&P 500 is also near April highs of 1,422 while the Nasdaq has climbed nearly 6 percent in the last six weeks and is also approaching April highs of 3,128. Stocks are expected to face some substantial headwinds next week after the longest winning streak since January 2011 with minimal incentives available for a fresh catalyst. One particular event that will draw much attention is the minutes from the latest Federal Reserve meeting coming on Wednesday. Investors will be looking closely for any hints of economic stimulus from the main US bank.
Canada’s dollar continued to strengthen against the US dollar, notching its sixth straight week of gains against the greenback and holding well above parity. The win streak is the longest since October 2010 and puts the Canadian dollar at a three-and-one-half month high against the USD. The loonie, named for the aquatic bird on Canada`s one dollar coin, had a strong early week before cooling late in the week after lower-than-expected inflation data surprised traders. On the whole, currency trading should have low volatility until the threat of a substantial event risk begins August 31, when Federal Reserve Chairman Ben Bernanke gives a speech in Jackson Hole, Wyoming. During the last five days, the CDN gained another 0.19% on the USD, so next week will begin with one Canadian dollar buying US$1.01095.
* Gold futures tumbled early in the week on lowered expectations of further monetary easing as strong economic data came from the US, signaling a recovering economy. Movements in gold have been headline-driven for about six months and have fluctuated on prospects on global banks buying bonds to spur growth, which generally devalues the US dollar and increases appetite for gold. Further, the US dollar has been gaining on the Japanese yen (currently at a 5-week high) and risk appetite for the euro is fading. Dollar-denominated commodities tend to fall on a stronger greenback as they get more expensive for investors holding other currencies. On the week, December contracts were the most actively traded; sliding by 0.21%, or $3.4 per ounce, to close the week at $1,619.40 on the Comex division of the New York Mercantile Exchange.
* Silver prices continue to be rangebound and ended in a basically flat position for the week as global growth concerns hold the soft metal price in check. Weak economic data from Japan and demand concerns for gold and silver from leading consumers India and China have put choke hold on the consumption boom that started with the financial crisis several years ago. Purely technically speaking, silver has the attention of traders as it has firmly held a base since diving from over $37 per ounce in February to lows near $26. Making higher lows, the chart has a breakout point around $28.35 that traders will be seeing as a buy signal if broken. Silver for September delivery remained the most actively traded; sliding 0.21%, or $0.06, to $28.002 per ounce.
* Copper prices squeaked ahead on the week for the second straight week after falling early week, but rallying on Thursday and Friday.
The red metal got a boost from Chancellor Merkel`s comments on commitment to the euro zone and upbeat US consumer confidence.
Volumes were notably low at the height of the summer doldrums as investors digest improving US economic data with the possibility of bank moves to stimulate faster growth. September contracts were the most actively traded on New York`s COMEX exchange during the week; gaining 2.7 cents, or 0.80%, to $3.4195 per pound.
* Oil prices rose to three month highs on a four-day run into the weekend. A series of positive economic reports from the States, coupled with supply jitters because of increasing tensions between Iran and Israel, pushed West Texas Intermediate (WTI) light sweet crude and Brent North Sea crude to levels not seen since May.
Israel’s deputy foreign minister Danny Ayalon reportedly said that the international community should admit diplomatic efforts to stop Iran’s nuclear program have failed and that Iran shouldn’t be given more than a few weeks to halt its uranium enrichment initiatives. The Energy Information Administration also raised forecasts for 2012 oil prices; projecting WTI crude to average $93.90, up from the previous estimate of $92.83, while Brent crude was increased to $108.07 a barrel from $106. September contracts for West Texas Intermediate crude were the most actively traded, but closely contested in volume by October contracts and closed the week ahead by $3.14, or 3.38%, at $96.01 per barrel.
Equity Market Snapshot:
(All percentages on a weekly basis unless otherwise noted) * Major gold miners were leaders in the broad market rally last week, despite bullion prices slipping. Agnico-Eagle Mines (AEM, +1.71%), Barrick Gold (ABX, +3.79%), Kinross Gold (K, +0.73%), Yamana Gold (YRI, +0.33%), Goldcorp (G, +2.50%) all advanced on the TSX. Newmont Mining (NMC, -0.70%) was a rare laggard amongst majors.
* The world`s biggest gold miner, Barrick Gold, said it was in talks that could result in the sale of its majority stake in African Barrick Gold to China`s ABG. ABG is one of the five largest gold producers in Africa.
* Energy stocks continued to gain again this past week with increasing oil prices. Talisman Energy (NYSE:TLM, +1.49%), Imperial Oil (NYSE:IMO, +3.50%), Canadian Natural Resources (NYSE:CNQ, +2.18%), Suncor Energy (NYSE:SU, +2.18%) and Cenovus Energy (NYSE:CVE, +2.53%) climbed.
* The financial sector aided in the market rally. Bank of America (NYSE:BAC, +3.36%), Citigroup (NYSE:C, +0.45%), JPMorgan Chase (NYSE:JPM, +0.03%), Goldman Sachs Group (NYSE:GS, +0.56%), UBS AG (NYSE:UBS, +1,28%) and Wells Fargo & Co. (NYSE:WFC, +0.59%)all moved forward. XLF, the financials select sector SPDR that tracks the financial stocks in the S&P 500, has advanced for four straight weeks; rising another 1.27% last week.
* George Soros’s Soros Fund Management LLC exited stakes in Goldman Sachs and J.P. Morgan Chase & Co., but bought shares in social-networking company Facebook Inc. (NASDAQ:FB, -12.64%).
Speaking of Facebook, the company was in the headlines as nearly 400 million shares were traded last week upon the social media company`s “lock-up period” expiring. Insiders were allowed to finally sell and they sold heavily, crushing the stock price to all-time lows.
* The biggest banks in Canada were stellar performers last week with Canadian Imperial Bank of Commerce (TSX:CM, +2.17%), Toronto-Dominion Bank (TSX:TD, +2.41%), The Bank of Nova Scotia (TSX:BNS, +2.48%), Royal Bank of Canada (TSX:RY, +5.55%), Bank of Montreal (TSX:BMO,+1.52%) and National Bank of Canada (TSX:NA, +0.44%) gaining points.
* Pervasive Software (NASDAQ:PVSW, +27.48%) grew more expensive after Actian Corp. offered to buy the firm for $8.50 a share, or $154 million in cash. The deal represents a 30% premium over Pervasive’s prior Friday closing price.
* Verint Systems Inc. (NASDAQ:VRNT +2.08%) said that it plans to acquire its holding company, Comverse Technology Inc. (NASDAQ:CMVT, +7.02%), for at least $780.7 million in stock after Comverse Technology spins off its telecommunications billing software unit.
* FedEx Corp. (NYSE:FDX, +2.51%) will offer voluntary buyout incentives to certain employees based in the U.S., mostly non-operational staff groups, as part of the shipping company`s efforts to improve efficiencies and reduce costs.
* Google Inc. (NASDAQ:GOOG, +5.47%) announced that it is cutting about 20 percent of Motorola Mobility`s – a company it acquired in May in a $12.5 billion – work force, a move the phone maker said is designed to return its mobile devices unit to profitability, after it lost money in fourteen of the last sixteen quarters. Motorola will shave 4,000 positions of a total of about 20,000. Two-thirds of the reductions will take place outside the U.S.
* Shares of Sears Holdings Corp. (NASDAQ:SHLD, +15.69%) leapt ahead on news that it plans to spin off its Hometown and Outlet stores, along with some hardware stores, into a separately traded entity.
* Semiconductor equipment company FSI International (NASDAQ:FSII, +53.22%) announced a deal to be acquired for $6.20 a share, or about $252.5 million, by Tokyo Electron. The deal is expected to close before the end of 2012.
* Groupon Inc. (NASDAQ:GRPN, -36.16%) said that it swung to a second-quarter profit on strong sales growth, though the top line was impacted negatively by foreign exchange rates. For the period ended June 30, the Company posted net income of $28.4 million, or 4 cents a share, compared to a net loss of $107.4 million, or 35 cents a share, for the same period last year. On an adjusted basis, earnings would have come in at $53.8 million, or 8 cents a share, for the latest quarter. Revenue increased 45% to $568.3 million, shy of analysts` predictions of $604 million. Further, Groupon was downgraded to a hold rating by Citigroup.
* Dow component Cisco Systems (NASDAQ:CSCO, +8.67%) helped fuel the market rally after reporting an increased dividend of 75 percent, a quarterly profit and sales that rose from year-ago results and beat Wall Street`s forecasts.
* The chief executive of Peregrine Financial Group Inc., Russell Wasendorf Sr., was indicted Monday on 31 charges of lying to government regulators regarding the failed brokerage`s operations.
Wasendorf faces a maximum sentence of 155 years` imprisonment on the charges and fines of about $7.75 million. Wasendorf was arrested July 13, just 4 days after he attempted suicide and left a confession detailing a two-decade long fraud against Peregrine`s customers.
* Apple (NASDAQ:AAPL, +4.25%) stock blasted through to a new all-time high this past week, closing at its intraweek high of $648.11 on Friday.
* Teleflex (NYSE:TFX, -0.19%) signed a definitive agreement to acquire Singapore-traded LMA International NV for the equivalent of $276 million, adding a global market leader in laryngeal masks to its line of critical-care and surgical products. LMA, which has manufacturing facilities in Utah and Malaysia as well as a direct-selling presence on four continents, generated 2011 revenue of $123.9 million.
* Shares of blue chip Home Depot (NYSE:HD, +6.92%) rose as the home-improvement retailer topped estimates by reporting second-quarter earnings of $1.01 a share on sales of $20.57 billion. The company also raised its full-year profit forecast.
* Shares of high-end clothier Michael Kors Holdings Ltd. (NYSE:KORS +23.09%) soared upon the company posting strong first-quarter earnings that came in well above market expectations.
* Shares of Physicians Formula Holdings Inc. (NASDAQ:FACE, +24.64%) boomed after the company agreed to be acquired for $4.25 a share in cash by Swander Pace Capital in a deal valued at $65 million.
* Deere & Co. (NYSE:DE, -3.06%) stumbled upon reporting an 11% increase in third-quarter earnings to a record $788 million, or $1.98 a share, from $712.3 million, or $1.69 a share, in the year earlier period. Quarterly revenue increased 15% to $9.59 billion. Analysts were looking for higher earnings of $2.31 a share on revenue of $9.614 billion.
* Target Corp. (NYSE:TGT +2.66%) said that its second-quarter profit was $704 million, or $1.06 a share, compared to $704 million, or $1.03 a share a year ago. Adjusted earnings per share were $1.12 in the second quarter, up from $1.07 a year ago. Target`s revenue rose to $16.78 billion in the quarter, from $15.90 billion a year ago, beating analyst`s predictions of the company earning $1.01 a share on revenue of $16.45 billion. The company also said on Wednesday that it expects to earn $4.65 to $4.85 a share in 2012, compared to analysts current $4.30 estimate.
* Shares of office-supplies retailer Staples Inc. (NASDAQ:SPLS, -15.44%) took a lashing after the company posted second-quarter results showing that earnings fell 32% from the year-earlier period bolstered by a tax refund as a big drop in international sales contributed to a larger-than-expected sales decline. The company also lowered its full-year forecast.
* New York-based asset management firm Carlyle Group (NASDAQ:CG, +5.30%) said it will pay $3.3 billion to Hellman & Friedman to purchase Getty Images, the creator and distributor of photos, video and multi-media products. Per the deal, Carlyle will acquire a controlling stake in Getty Images, with Mark Getty, co-founder and chairman of the firm, rolling his ownership interests into the transaction.
* The Emirates Nuclear Energy Corp., the firm building four nuclear power plants in the United Arab Emirates, said that it awarded six contracts worth $3 billion for its fuel supply program to six international companies. Amongst public companies listed in North American, Canada`s Uranium One Inc. (TSX:UUU, +16.97%), Rio Tinto PLC (NYSE:RIO, -4.89%) and France`s Areva SA (Pink Sheets:ARVCY, -0.43%) won a portion of the contracts.
Weekly Indices Results:
The S&P TSX Composite Index kept its run going; gaining 228.30 points, or 1.67%, to 12,089.89. The TSX Venture Exchange made a strong upward move; adding 42.42 points, or 3.56%, to 1,233.42 on the week.
In the States, the Dow Jones Industrial Average moved higher for the sixth straight week; rising 67.25 points, or 0.51%, ending the week at 13,275.20. The much-broader S&P 500 followed along; advancing by 12.29 points, or 0.87%, to close at 1,418.16. The tech-rich NASDAQ Composite tracked higher also, adding 55.73 points, or 1.84%, to 3,076.59 on the week.
Canadian Economic Data:
* The Canadian Real Estate Association (CREA) reported that national resale housing activity remained stable from June to July 2012. Home sales activity was little changed (-0.01%) from June to July. On a yearly basis, actual (not seasonally adjusted) sales were up 3.3% over levels in July 2011. The number of newly listed homes fell 3.3% from June to July. The Ottawa-based group said the average price of a home sold in July 2012 fell 2% from July 2011 to $353,147. The year-over-year decline in June was 0.8%.
* Statistics Canada said that manufacturing sales fell 0.4% to $48.9 billion in June, reflecting a 10.6% drop in sales of petroleum and coal products. Sales of petroleum and coal products have dropped 23 percent since a peak in March. Factory sales have contracted in four of the last six months. Excluding petroleum and coal products, sales rose 1.1%. Excluding price changes – regarded as a better indicator of the industry’s contribution to economic growth -factory sales rose 0.1 percent in June.
* Non-residents reduced their holdings of Canadian securities by $7.9 billion in June, following two straight months of acquisitions totaling $36.3 billion. Canadian investors added $3.9 billion of foreign securities to their portfolio, mainly US government bonds.
Foreign investors reduced their holdings of Canadian bonds by $7.8 billion in June, the largest divestment since December 2008, as a result of a $17.5 billion retirement of maturing instruments, mostly Canadian dollar denominated bonds from the federal government and its enterprises.
* Canada’s annual inflation rate fell unexpectedly in July, dragged lower by falling energy prices. Stats Can reported that consumer prices rose 1.3% in the 12 months to July, following a 1.5% gain in June. Higher prices for the purchase of passenger vehicles, food purchased from restaurants, meat and electricity were major factors in the increase of the July Consumer Price Index. The softer-than-expected report buys the Bank of Canada even more time to keep interest rates low, according to analysts.
Next week, economic data will include Wholesale Trade updates on Tuesday; Retail Trade on Wednesday; and Employment Insurance on Thursday.
U.S. Economic Data:
* The Labor Department reported that U.S. wholesale prices rose 0.3% in July as higher food costs offset another decline in energy costs.
Core producer prices, excluding volatile food and energy, rose 0.4%.
Both figures came in higher than expected as economists were calling for a 0.2% increase for both the PPI and core PPI. The severe drought in the Midwest seems to already be affecting prices and driving them higher. The July gain in PPI was the largest since February. On a yearly basis, producer prices rose 0.5%, the smallest gain since October 2009.
* After three straight monthly declines, sales at retailers increased 0.8% in July to a seasonally adjusted $403.9 billion, according to estimates from the Commerce Department. Economists were calling for an increase of 0.2% for the month. The latest retail sales report was robust, with increases across the board. Year-over-year, July 2012 sales were up 4.1% compared to July 2011. Retail sales account for about half of total consumer spending and about a third of final sales in the U.S. economy.
* The Department of Labor said that U.S. consumer prices, just like in June, were unchanged in July, as lower energy prices offset gains in food and other items. Energy prices declined 0.3% in July, while the food index rose 0.1% during the month. The core consumer price index, which strips-out the volatile categories of food and energy, rose 0.1% in July. On a yearly basis, the Consumer Price Index rose 1.4% over the year through July, the smallest 12-month change since late 2010. The core rate rose 2.1% over the past 12 months, the smallest gain since late 2011.
* The Empire State index fell below zero, sinking to negative 5.9 in August from the 7.4 reading in July, according to the latest Federal Reserve Bank of New York`s Empire State manufacturing survey, representing the first time since last October that the index tumbled into negative territory. The decline, which was far worse than the 6.0 reading expected by economists, raises concerns that the slowdown in the factory sector since June could be much more than a “temporary soft patch.” * The Federal Reserve said that industrial production gained some steam in July after May and June barely showed any expansion, indicating that the start of the third quarter might not be as bad as some expected. After tepid revised gains of 0.1 percent in each of the two prior months, industrial production rose by 0.6% in July, in line with economists` predictions. Compared to July 2011, industrial output was ahead by 4.4 percent. The motor vehicles and parts component of manufacturing have been a standout, gaining 3.3% for July and surging 26.5% from July 2011.
* In a sign that the housing market continues to recover, the National Association of Home Builders/Wells Fargo housing market index rose 2 points to a seasonally adjusted reading of 37, the best level since February 2007. The index is still a fair distance from “good” condition, represented by readings at 50 or more, a level not seen since April 2006, but still showing signs of improvement.
* Signaling the jobs market is stabilizing, the number of US citizens filing applications for unemployment benefits was little changed for the week ended August 11; bringing the average over the past month to the lowest level since late March. Jobless claims rose by 2,000 to 366,000 – mildly above economists` estimates of a rise to 365,000 – during the week, according to the Labor Department. The four-week moving average, a less volatile measure, dropped to 363,750, the fewest since the week ended March 31.
* The Philadelphia Federal Reserve Bank said its business activity index rose to minus 7.1 from minus 12.9 in July, just short of economists` expectations for minus 5. Any reading below zero indicates contraction in the region`s manufacturing, which covers factories in eastern Pennsylvania, southern New Jersey and Delaware.
The negative reading was the fourth straight month of contraction.
* The Commerce Department reported that construction of hew homes slowed tepidly in July, but boosted work on apartments, indicating that the rental business remains strong. During the month, builders were on pace to begin construction on 746,000 homes, 1.1 percent slower than the pace from June (754,000). From a yearly perspective, the pace of construction is still 21.5 percent higher than that of July 2011. The drop in July was in line with economists` predictions of a decline to an annual rate of 756,000 housing starts.
* The Reuters/University of Michigan index of consumer sentiment unexpectedly rose to a preliminary August reading of 73.6 from a July reading of 72.3, representing the highest level since May. Experts were calling for the gauge of confidence to be little changed at 72.2.
Next week, data in the States will include Existing Home Sales on Wednesday; Jobless Claims and New Home Sales on Thursday; and Durable Goods Orders on Friday.
Penny Stocks to Watch & Company Spotlight Results:
Among the stocks we watched this week, African-focused miner Tembo Gold Corp. (TSX-Venutre:TEM) ripped ahead for strong gains by hitting an intraweek high of 81 cents on Tuesday and completed the week at 70 cents, for a gain of 4 cents, of 6.06 percent. The other Canadian stock on our radar, energy company Contact Exploration Inc.
(TSX-Venture: CEX) held firm at its intraweek high of $0.145 on Monday, but faded into a channel the rest of the week, closing down by one-half a cent, or 3.45 percent, at $0.14.
In the States, healthcare company Aethlon Medical (OTCBB:AEMD) jumped ahead early in the week and held a portion of the gains by closing the week at $0.98 for an increase of $0.002, or 2.08 percent, with an intraweek high of $0.111. The other U.S. stock on our watchlist, apparel maker Joez Jeans Inc. (NASDAQ:JOEZ) hit an intraweek high of $1.10 on Monday and closed the week down by 2 cents, or 1.83%, at $1.07.
If you`d invested in all four stocks and held them to the end, you`d have seen an average gain of 0.72%. However, if you`d bought all four at the beginning of the week and sold each at its peak, you`d have realized gains of 9.82%.
Next week, we focus on Katanga Mining Ltd. (TSX:KAT) and Atna Resources Ltd. (TSX:ATN). In the States, look for big things from Arca Biopharma Inc. (NASDAQ:ABIO) and ENGlobal Corp. (NASDAQ:ENG).
We`re completing our due diligence on a new company that we feel has massive potential with only a 5 cent per share price tag. Operating in a trillion dollar industry, the company is poised for exponential growth, so keep your eyes peeled on your inbox early this week when we reveal who it is that we`ve been researching.
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http://www.nasd.com ( http://www.nasd.com ). Readers can review all public filings by companies at the SEC`s EDGAR page. The NASD has published information on how to invest carefully at its web site.
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