Stocks Shake Off Weak Economic Data To Rise Again

allpennystocks Newsletter

You can read the original version online:

http://ymlp322.net/zQQb9u ——————————————————————————– April 29, 2012 Week & Month In Review…

Week & Month In Review For April 23 to April 27, 2012 Canadian Companies mentioned include:

* 01 Communique Laboratory Inc. (TSX:ONE) * Eagle Plains Resources Ltd. (TSX-Venture:EPL) * Mansfield Minerals Inc. (TSX-Venture:MDR) * Canada Lithium Corp. (TSX:CLQ) * Great Quest Metals Ltd. (TSX-Venture:GQ) U.S. Companies mentioned include:

* Gleacher & Company Inc. (NASDAQ:GLCH) * Cytokinetics Inc. (NASDAQ:CYTK) * Sino Agro Food Inc. (OTCBB:SIAF) * Dividend and Income Fund, Inc. (NYSE:DNI) * Lithium Exploration Group Inc. (OTCBB:LEXG) This week on AllPennyStocks.com:

* Article Published, April 23, 2012: Fundamentals, Technicals & Analyst Price Targets Leave This Junior Miner With Large Upside Potential (http://www.allpennystocks.com/aps_ca/special_reports/264/Fundamentals,-Technicals-&-Analyst-Price-Targets-Leave-This-Junior-Miner-With-Large-Upside-Potential.htm) (CDN / U.S. Company) * Article Published, April 25, 2012: Sales Rising as Leading Firearms Simulator Company Strives for SEC Compliance (http://www.allpennystocks.com/aps_us/special_reports/256/Sales-Rising-as-Leading-Firearms-Simulator-Company-Strives-for-SEC-Compliance.htm) (U.S. Company) * Article Published, April 27, 2012: Drug Maker Nears NDA Filing for Testosterone Replacement Therapy (http://www.allpennystocks.com/aps_ca/special_reports/265/Drug-Maker-Nears-NDA-Filing-for-Testosterone-Replacement-Therapy.htm) (CDN Company) Video charts for the week:

* April 24th Technical Video Chart For GLCH. The chart for Gleacher and Co. had a small bounce last Friday as the stock approached an historic support level at $1.00. Shares fell again on Monday back down to $1.04, which will have this technical play on radar to continue to hold support and try to bounce again. view:

( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/XQMgMd5dBMs ).

* April 25th Technical Video Chart For ONE:CA. In a strong uptrend from 38 cents last October, 01 Communique Laboratory is now facing some resistance at $1.05. The indicators have retraced and are at important points to hold support at 96 cents and try and take out the top-end resistance at $1.12. view:

( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/OLu8AjEUD0E ).

Follow AllPennyStocks.com on Twitter: Click here: ( http://www.allpennystocks.com/aps_common/twitter.asp ) to join AllPennyStocks.com on Twitter. Find out about the penny stocks to watch before anyone else, only on Twitter. Following AllPennyStocks.com is free, get all the details here: ( http://www.allpennystocks.com/aps_common/twitter.asp ).

WEEKLY & MONTHLY UPDATE – STOCKS SHAKE OFF WEAK ECONOMIC DATA TO RISE AGAIN The North American markets were rattled early in the weak as fears stemming from Europe gripped investors on Monday, but then a resounding “boing” sound echoed across the continent as traders ignored primarily weaker than expected economic data both domestically and from abroad.

Political uncertainty in Europe shook traders early after French presidential challenger François Hollande pulled ahead of incumbent Nicolas Sarkozy in the first round of elections. Sarkozy, who has been integral in helping the EU avoid debt defaults, slipping into second place raised concerns that France would be less likely to work to keep the euro-zone together. On May 6th, Sarkozy will be involved with more elections against Socialist candidate Francois Hollande, who has been openly hostile to EU austerity measures. With the EU back on the forefront, Christine Lagarde, the managing director of the International Monetary Fund, warned that the “dark clouds on the horizon” for the global economy threatened the “light recovery blowing in a spring wind.” Further adding gas to the fire, Dutch Prime Minister Mark Rutte and his cabinet resigned after failed negotiations during budget talks from the prior weekend.

Other news from the EU that dampened sentiment early in the week weighed on resource plays with the latest reading on EuroZone manufacturing dropping to the lowest level since November, a sign that the 17-nation block has fallen further into recession. The news came on Monday and was quickly brushed-off with a rally across the metals industry by the end of the week.

China, the second largest economy in the world, also provided additional indications of a slowdown in their growth. A preliminary reading on Chinese manufacturing showed a contraction for the second straight month.

Across Canada and the United States, economic data was limited, but what was released regularly came up shy of expectations and signaled that the U.S. economy remains stubborn in accelerating growth. But, the bulls were in charge as a heavy dose of earnings reports continued to flow in and provided optimism in equities. In excess of 300 companies in the S&P 500 have now reported earnings with more than 70 percent of them beating estimates. The earnings are inspiring a risk appetite that was lacking in the early part of the month, as shown by the major indexes all posting strong gains in the past two weeks.

Fed Chief Ben Bernanke helped support the rally with his latest discussion on the Fed`s position on monetary policy. Big Ben said that the central bank remains “entirely prepared to take additional balance sheet actions…should economy require additional support.” Hearing what they want to hear, many investors took the comments as a sign the Fed still has the possibility of another round of bond buying, known as quantitative easing.

The U.S. dollar continues to struggle to find strength against world currencies amidst a backdrop of data showing a slowdown in U.S.

growth. The ICE dollar index DXY, which measures the greenback’s performance against a basket of six other currencies, fell 0.6% for the week. Further north, Canada’s dollar appreciated versus all of its major counterparts except for Japan`s yen last week on speculation borrowing costs will rise this year as the nation’s economy gathers momentum. The loonie pushed ahead against the greenback, posting its largest weekly gain in 2012 as odds are great that Canada`s central bank will increase its key lending rate by October. After flirting with parity over the past few weeks, the Canadian dollar notched a 1.02% gain on the week on the USD. Next week will begin with one Canadian dollar buying US$1.0189. On the month, Canada`s dollar strengthened by $0.01835, or 1.83%, against the U.S. dollar.

Commodity Snapshot:

* Gold futures continued to be volatile this week with continued uncertainty over the Fed`s position on monetary stimulus. Jeff Sica, president and chief investment officer of SICA Wealth Management, summed gold`s recent movement when he said that the “core component of the volatility of gold is the change in the profile of the typical investor.” Investors have shifted the trend in gold from long-term “buy and hold” to playing the momentum of the precious metal on a short-term basis. On the week, June contracts, the most actively traded, gained $22.00, or 1.34%, to close at $1,664.80 per troy ounce.

Gold started the first few days of April out on a very sour note, but looks to be trying to break its downtrend. With one trading day left in the month, gold has slipped $7.10, or 0.42% in April.

* Silver prices bounced from nearly four-month lows that were hit on Wednesday to pare losses for the week after silver slipped below $30 an ounce for the first time since mid-January. Riding the wave of negative sentiment as investors hang on the words of Bernanke and digest future demand concerns, silver got a boost from a weakening dollar as investors largely ignored relatively poor economic data.

July contracts were the most actively traded, closing the week down by $0.24, or 0.76%, at $31.411. During April, silver prices have sifted-off $1.073, or 3.30%.

* Copper prices shined like a bright penny this past week fueled by the U.S. Federal Reserve forecasting U.S. growth to “remain moderate over coming quarters and then pick up gradually.” Technically, copper made a strong move by pushing above both the 100 and 200 day moving averages, a key sign of bullishness. July contracts were the most actively traded on New York`s COMEX exchange; surging in both volume and price. On the week, the July contracts added $0.127, or 3.43%, to $3.825. The jump this past week puts copper prices at a precarious position with one trading day left in the month as the $3.825 per pound price is exactly where it ended March.

* Oil shed any early weakness brought on by a debt downgrade for Spain and sluggish growth in the States to put together a string of four straight green closes last week. Rising equities and a slipping dollar contributed to the steady push, helping oil to rise back to its highest level since April 2nd. On the week, June contracts added $1.05, or 1.01%, to close at $104.93 per barrel. On the month, a barrel of oil has risen $1.91, or 1.85%.

Equity Market Snapshot:

(All percentages on a weekly basis unless otherwise noted) * Major gold miners were mixed despite gold registering gains in the second half of the week. Barrick Gold (ABX, -0.20%), Kinross Gold (K, -1.33%) and Goldcorp (G, -6.48%) all surrendered points while peers Yamana Gold (YRI,+2.61%) and Agnico-Eagle Mines (AEM, +17.44%) pushed northward on the TSX.

* Goldcorp Inc. tanked after quarterly earnings fell short of forecasts. Agnico-Eagle Mines Ltd. saw its shares surge after the company said first-quarter earnings rose to 46 cents a share from 27 cents, revenue inched higher and the firm is looking into expansion opportunities.

* Energy stocks were solid plays with increasing oil prices. Suncor Energy (NYSE:SU, +3.43%), Canadian Natural Resources (NYSE:CNQ, +5.40%), Talisman Energy (NYSE:TLM, +6.29%), Imperial Oil (NYSE:IMO, +2.54%) and Cenovus Energy (NYSE:CVE, +2.81%) all tacked-on to their totals.

* Teck Resources Ltd. (TSX:TCK/A, +0.03%) shares had an odd week by starting with a sizeable gap downward on Monday before climbing back into the green as the miner posted record revenues driven by coal production but booked a decline in earnings because of debt-finance charge. Encana Corp. (TSX:ECA, +12.74%) shares galloped ahead upon posting to a quarterly profit on commodity price hedging gains. Exxon Mobil (NYSE:XOM, +0.91%) reported earnings of $2 U.S. per share; missing expectations of $2.09 per share. The U.S.`s largest oil company generated $9.45 billion in profits the quarter, compared to $10.65 billion a year earlier. Petrominerales Ltd. (TSX:PMG, -22.58%) nose-dived after saying that testing of its La Colpa oil well in Peru has been completed and no hydrocarbons were found.

* Banks were mixed as investors continue to evaluate risk in financial plays. Dick Bove, the much-watched vice president of equity research at Rochdale Securities cautioned of a “long, hot summer” in which “the fundamentals of the banks would be quite good but the market will not be.” Goldman Sachs Group (NYSE:GS, +1.75%) and JP Morgan Chase (NYSE:JPM, +1.45%) inched ahead. Bank of America (NYSE:BAC, -1.32%) and Citigroup (NYSE:C, -1.15%) posted losses on the week.

* On the Canadian banking front, The Bank of Nova Scotia (TSX:BNS, -0.44%), Toronto-Dominion Bank (TSX:TD, -1.16%), Royal Bank of Canada (RY, -0.21%) and Bank of Montreal (BMO, -1.50%) all drifted lower.

* Royal Bank of Canada, the heaviest weighted stock on the TSX, doffed-off points despite Bank of America Merrill Lynch upgrading the bank to a buy from neutral on the belief it is well positioned to benefit from strong trading in the second quarter with possible upside earnings surprises from its capital markets unit.

* Research In Motion Ltd. (TSX:RIM, +4.00%) had a quiet news week, but posted its third straight gaining week.

* Thomson Reuters Corp. (NYSE:TRI, +3.19%) moved ahead with news this past week that the media giant is selling its health-care data business to Veritas Capital for $1.25 billion.

* Wal-Mart (NYSE:WMT, -5.48%) was a drag on the Dow after reports of allegations surfaced that top executives in its Mexican division attempted to conceal a widespread bribery scheme. The company said that it is investigating the situation.

* Shares of Canadian National Railway Co. (TSX:CNR, +5.32%) closed near highs of the week after Canaccord raised its rating on the stock to buy from hold.

* Hershey (NYSE:HSY, +5.70%) helped boost the S&P 500 with a rise to seven-year highs upon topping estimates with its quarterly earnings report. The candy maker said its Q1 profit rose 24 percent as higher prices and cost cutting helped offset higher ingredient costs.

* Shares of Tyson Foods (NYSE:TSN, +0.94%), one of the biggest U.S.

beef processors, pulled-up from lows brought-on by authorities confirming a case of “mad cow disease” in the carcass of a dairy cow in central California, the first case reported in six years. U.S. live cattle futures plummeted on Tuesday with the news, but recovered more than half of their losses throughout the week.

* Shares of Netflix (NASDAQ:NFLX, -21.08%) tumbled after the company posted a first-quarter loss and issued a weak outlook.

* Mega-company Apple, Inc. (NASDAQ:AAPL, +5.24%) stopped its slide at two weeks to rise back over $600 per share as it reported net income nearly doubled, on much stronger-than-expected iPhone sales.

* Shares of tax processor H&R Block (NYSE:HRB, -10.95%) tanked after it said that it would cut 350 full-time jobs nationwide and close 200 “underperforming” offices, which should save the company between $85 million and $100 million annually by the end of fiscal year 2013.

* Expedia (NASDAQ:EXPE, +26.21%) and Amazon (NASDAQ:AMZN, +19.41%) skyrocketed in value after posting solid earnings that topped expectations.

* Shares of International Business Machines (NYSE:IBM, +3.61%) rose as Big Blue boosted its quarterly dividend 13% to 85 cents per share, marking the 17th straight year of increases. The company`s board also approved a $7-billion U.S. share buyback program.

* Canada`s largest airline Air Canada (TSX:AC/B, +12.94%) shares soared after it released stronger-than-expected first-quarter guidance and reported a larger-than-expected cash position.

* Pfizer (NYSE:PFE, +2.30%) inked a deal with Nestle (Pink Sheets:NSRGY, -3.25%) to sell its baby formula business for $11.85 billion in cash.

* In other biotech news, AstraZeneca (NYSE:AZN, -5.78%) said that it announced Ardea Biosciences (NASDAQ:RDEA, +52.83%) for $1.3 billion or $32 a share, representing a 54% premium to the prior day`s close.

* Facebook announced that it would spend $550 million to buy part of Microsoft`s (NASDAQ:MSFT, -1.36%) patent portfolio that it acquired from AOL (NYSE:AOL, +0.72%) two weeks ago for $1 billion.

Weekly Indices Results:

The S&P TSX Composite Index continued the climb started the week prior; adding 90.47 points, or 0.74%, to 12,237.75. The TSX Venture Exchange finally mustered a winning week; rising 14.81 points, or 1.06%, to 1,412.76.

In the States, the Dow Jones Industrial Average galloped forward again; appreciating by 199.05 points, or 1.53%, on the week to 13,228.31. The much-broader S&P 500 had a stellar week; growing its total by 24.83 points, or 1.80%, to close at 1,403.36. The tech-rich NASDAQ Composite stopped its losing streak at three weeks; forging gains of 68.75 points, or 2.29%, to 3,069.20 on the week.

Canadian Economic Data:

* In a surprising report that topped economists` calls for a mild decrease, Canada`s wholesale trade rose 1.6% in February to $48.5 billion. The increase followed a 1.1% decline in January. Higher sales were reported in most subsectors in February, four of which accounted for about 90% of the national growth. In volume terms, wholesale sales were up 2.2% in February. The upbeat report suggests that GDP for the month will also come in higher than originally predicted.

* On the flip side to a potentially strong GDP report, retail sales in February came in lower than expected as sales edged down 0.2% to C$38.91 billion during the month, largely offsetting the gain in January. It was the first decline since January 2011. New car dealers accounted for most of the decline.

* In February, average weekly earnings of non-farm payroll employees were $886.45, up 0.2% from the previous month. On a year-over-year basis, earnings rose 1.8%.

Next week, the economic data slate will include fresh GDP data on Monday; and Building Permits, Unemployment Rate and Ivey PMI updates on Thursday.

U.S. Economic Data:

* New home sales fell in March by a whopping 7.1 percent to a seasonally adjusted 328,000 units, following an upwardly-revised 7.3 percent increase in February. It was the largest drop in more than a year. The median sales price was $234,500 during the month, a 1 percent drop from February. The seasonally-adjusted pace of 328,000 is still well below the annual rate of 700,000 units that economists consider a healthy home market.

* Orders for durable goods fared even worse, with the bookings for goods meant to last at least three years plummeting 4.2 percent, their largest one-month drop in more than three years. A drop in aircraft sales, which had been supporting gains recently, was largely responsible for the stark decrease.

* Wrapping-up a thin economic data week, was a less-than-spectacular report on jobless claims from the Labor Department. The agency said that initial claims for state unemployment benefits only fell by 1,000 to 388,000 in the week prior; lower than economists` predictions of a drop to 375,000 and suggesting that the jobs market is losing momentum. The less volatile four-week average register a rise of 6,250 claims to 381,750; its highest level since the week ended Jan 7, 2012.

* Some decent housing market news was released on Thursday by the National Association of Realtors which said that contracts to purchase previously-owned homes rose by 4.1 percent in March, representing a new two-year high.

* Meanwhile, the Commerce Department said Friday that GDP rose at a 2.2% annual rate in the first quarter, compared with 3% in the previous quarter. Economists surveyed by MarketWatch had expected 2.7% growth in the first quarter.

Next week, data in the States will bring the ISM Manufacturing Index on Monday; ADP Nonfarm Employment Changes and the ISM Non-Manufacturing Index on Wednesday; Initial Jobless Claims on Thursday and new employment info as well as the latest Unemployment Rate on Friday.

Penny Stocks to Watch & Company Spotlight Results:

Among the stocks we watched this week, mineral explorer Eagle Plains Resources Ltd. (TSX-Venture:EPL) suffered a gap down on Monday, but recovered to touch intraweek highs on Wednesday at $0.23 before closing mildly on the week by $0.005, or 2.22%, at $0.22. The other stock we had on radar, computer software and services company 01 Communique Laboratory Inc. (TSX:ONE) simply never gathered any momentum to continue its breakout from the week before, slipping back to support with a slide of 7 cents, or 6.67%, on the week to $0.98 with an intraweek high of $1.10 on Wednesday.

In the States, investment banker Gleacher & Co. Inc. (NASDAQ:GLCH) rose to intraweek highs of $1.16 on both Thursday and Friday, before retracing in its move off the bottom to wrap the week at $1.10; ahead by 1 penny, or 0.92%. The other U.S. stock on our watchlist, biotech company Cytokinetics Inc. (NASDAQ:CYTK) rose smoothly to an intraweek high of $1.23 on Wednesday before slipping into the weekend to close down by 13 cents, or 11.11%, at $1.04.

If you`d invested in all four stocks and held them to the end, you`d have seen an average loss of 4.77%. 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 4.63%.

Next week, we focus on Mansfield Minerals Inc. (TSX-Venture:MDR) and Canada Lithium Corp. (TSX:CLQ). In the States, look for big things from Sino Agro Food Inc. (OTCBB:SIAF) and Dividend and Income Fund, Inc. (NYSE:DNI).

The Month at a Glance – April The old proverb goes “in like a lion and out like a lamb.” Of course that is talking about the weather in March as the seasons make a change, but it seems appropriate here in April with the North American markets. Each of the five main exchanges took a lashing to begin the month; falling for at least the first two weeks before finding some traction with each having a green final, full week to the month.

That final week provided some saving graces for the month with the Dow Jones actually eking its way into positive territory to close green for the month for the seventh consecutive time. The S&P TSX Composite, S&P 500 and NASDAQ exchanges all pared losses from earlier in the month to close only mildly down. For the second straight month, the smaller TSX-Venture exchange fell hard; giving up nearly 10 percent of its total in April. Monday marks the final trading day of April, with the S&P TSX Composite, S&P 500 and NASDAQ all within striking distance of closing the month ahead should Monday continue the rally from last week.

The month was really a tale of sets of two very different weeks as the first two weeks of April were ensconced in bearishness and negativity from overseas information that weighed on the markets in showing a mixed bag of growth in Japan and Germany. Of course, there is no ignoring the ongoing financial concerns in the EU with Spain in focus this month as it struggles in meeting its 2012 budget deficit goals; stoking fears about Europe`s debt problems again and driving bond yields higher. Investors have largely found solace in earnings reports since Alcoa kicked-off the earnings season mid-month with better than expected financials that set the tone for a long list of companies topping what analysts were predicting. Also offsetting any negativity has been investors deciphering words from the U.S. Federal Reserve regarding QE3. Plenty of experts are weighing-in the upcoming elections in the U.S. and with signs of the jobs market losing momentum, there could be pressure put upon the central bank to give the economy a kick-start. Fed Chairman Bernanke certainly has not ruled out the possibility, which coupled with the strong earnings season has increased investor risk appetite and provided optimism to overlook a month of primarily weak economic data.

The recent bullishness has the Dow Jones Industrial Average back firmly over 13,000 and within 70 points of 52-week highs of 13,297.11 that were touched four weeks ago. Investors are surely going to be sifting through more earnings news this coming week to ring-in May, but the main sights are likely to be set on key employment reports that will be coming from both Canada and the States late this week.

Monthly Indices Results:

* S&P TSX Composite: down 0.36% (-5.11 pts.) * TSX-Venture: down 9.81% (-153.63 pts.) * Dow Jones Industrial Average: up 0.12% (+16.27 pts.) * S&P 500: down 0.36% (-5.11 pts.) * NASDAQ: down 0.72% (-22.37 pts.) Monthly Equity Market Snapshot:

* Some headlines for the month included Gabriel Resources Ltd.

(TSX:GBU, -43.07%) receiving disappointing news as Romania`s environment minister said their application for permits related to a controversial mine would not be expedited. Gabriel`s project is meeting stark opposition with contentions that the open-pit mine would damage ancient monuments and destroy a mountain face.

* Apple, Inc. (NASDAQ:AAPL, +0.58%) hit a new all-time high in April at $644.00, before cooling to drop about 10%, only to rebound again on stellar earnings reports. Also putting Apple in the news this month, the U.S. Department of Justice brought a lawsuit against Apple and several publishing companies over a scheme to fix e-book prices stemming from the 2010 release of the iPad, when Apple reached an agreement with five publishers to release books on its then-new iBookstore.

* Research in Motion (TSX:RIM, -5.74%) has edged lower on a monthly basis, but has moved ahead in recent weeks to pare losses from early on in April. The month saw the launch of the full version of its BlackBerry Mobile Fusion. CEO Larry Ellison said during the month that Oracle considered buying the BlackBerry maker, but it was too expensive. It was also reported that RIM is near picking a financial advisor, with JP Morgan Chase the lead candidate. There was also some news that a firm called Touchscreen Gestures filed a patent infringement lawsuit against RIM claiming that the company is violating four of its patents. In a separate lawsuit, Touchscreen is making the same claims against Apple. Shares of RIM are down about 80 percent in the last year as the company continues to pursue options to combat its continuing loss of market share to Apple, Inc.

* Google (NASDAQ:GOOG, -4.10%) beat earnings expectations with a profit of $2.9 billion for the first quarter, up 61% from a year earlier. The internet search engine giant`s revenue climbed 24% to $10.7 billion, but shares suffered as the company announced an unusual stock split designed to preserve Google founders` control of the company. The split immediately raised concerns about the company`s growth prospects, ad rates and payments to partners.

* Facebook has stayed in the news with their much-anticipated IPO approaching. The company is on a buying spree before it goes public (which reports are saying should happen in May). In addition to its latest deal with Microsoft mentioned above, the company agreed to buy photo network Instagram for $1 billion U.S. in cash and stock and quietly bought mobile loyalty reward start-up Tagtile to expand its portfolio of products. Facebook is preparing to raise $5 billion in its initial public offering, which would the biggest Internet IPO ever and will value the company at as much as $100 billion in the stock sale.

* Electronics retailer Best Buy (NYSE:BBY, -5.01%) was in the spotlight following news that its CEO Brian Dunn surprisingly resigned amid an investigation into his “personal conduct.” Best Buy would not provide details of the investigation, but did say that “the findings will be made public and appropriate action will be taken if warranted.” * Valeant Pharmaceuticals International Inc. (NYSE:VRX, +4.19%) shares rose after the company said it bought U.S.-based Pedinol Pharmacal Inc., a podiatry-focused, privately-owned specialty pharmaceutical company, for about $27 million. Valeant snagged the company for less than 1.5 times sales. Revenue for 2011 was approximately $18 million and the transaction is expected to be immediately accretive.

* Sprint Nextel Corp. (NYSE:S, -17.19%) had it shares pummeled after New York`s attorney general filed a tax fraud lawsuit against it with allegations that the company intentionally underpaying sales tax in NY for seven years. If the charges are founded, Sprint`s penalties could tally in excess of $300 million, plus penalties.

* Air Canada (TSX:AC/B, +2.13%) remained in the news with its ongoing labor conflicts. Over the month, wildcat strikes have interrupted services in addition to a small group of pilots staging a “sick-in” to express their displeasure with airline management. The union representing the Air Canada employees was threatening to strike after labor negotiations failed, but the Canadian government enacted legislation in mid-March preventing a strike. The two organizations are back in negotiations currently to try and find resolve and put the labor dispute behind them.

* In merger and acquisition news, payment processor SXC Health Solutions Corp. (NASDAQ:SXCI, +22.35%) said that it is paying $4.4 billion in cash and stock in a friendly deal to acquire rival Catalyst Health Solutions, Inc. (NASDAQ:CHSI, +36.62%). Biotech Human Genome Sciences (NASDAQ:HGSI, +76.82%) rejected a $13 per share (or $2.6 billion) takeover bid from pharmaceutical giant GlaxoSmithKline (NYSE:GSK, +3.56%), saying that the offer does not reflect the true value of the company.

* Shares of Royal Bank (TSX:RY, -1.35%), Canada`s largest bank by assets, suffered amidst accusations by the U.S. Commodity Futures Trading Commission that the bank has been engaging in illegal stock futures trades with itself to gain Canadian tax benefits. Royal Bank vehemently denies the accusations. Outside of the new lawsuit, the bank also said it has reached a definitive deal to acquire full ownership of the RBC Dexia Investor Services Ltd. joint venture for about $1.1 billion.

* Three of the largest unions at American Airlines have agreed to support a takeover offer from U.S. Airways Group (NYSE:LCC, +35.84%).

American Airlines is a subsidiary of AMR Corp. (Pink Sheets:AAMRQ, +16.87%), a company that filed bankruptcy last year and reported a $1.7 billion net loss in the most recent quarter.

* Shares of Molson Coors Brewing Company (NYSE:TAP, -8.31%) dove after the company said it will buy brewer StarBev L.P. from CVC Capital Partners for 2.65 billion euros ($3.54 billion U.S.) to expand in Central and Eastern European beer markets.

* Shares of cosmetics maker Avon Products (NYSE:AVP, +11.42%) advanced after competitor Coty publicly put an offer on the table to acquire Avon for approximately $10 billion in cash. Coty had been in private discussions with Avon about the acquisition and also said that it will not be pursuing a hostile takeover attempt if the deal doesn`t happen.

* Shares of internet beast Yahoo, Inc. (NASDAQ:YHOO, +2.30%) rose on the month as the company announced 2,000 job cuts as part of its restructuring process. Retailer JC Penney Co. (NYSE:JCP, +4.23%) also reported that it will be cutting 600 jobs – or 13% of the workers – at its Plano, Texas headquarters.

* On the social front, the New York Post reported that Zynga (NASDAQ:ZNGA, -35.21%) is in talks with casino operator Wynn Resorts (NASDAQ:WYNN, +8.14%) over a possible online gambling game. Groupon Inc. (NASDAQ:GRPN, -34.85%) shares plummeted after announcing that it was revising its Q4 income and sales to lower levels because of a high rate of customers looking for refunds. Additionally, Groupon`s auditor has discovered a deficiency in its financial statements. This news hit later in the week after the SEC said that it was investigating the first set of financial reports of the daily deals company from when it went public in October of 2011.

Monthly Penny Stocks To Watch Leaders & Company Spotlight Results:

Among the stocks that we watched in April, the champion of the month in Canada was Great Quest Metals Ltd. (TSX-Venture:GQ), which was profiled during the second week of the month when the price was $1.41.

Shares immediately bounced to touch $1.94 representing a gain of 53 cents, or 37.59 percent. Shares have slid from those highs, but are still holding about 20% above our initial price point. In the U.S., the winner for March was miner Lithium Exploration Group Inc.

(OTCBB:LEXG) which was listed in the first week of April at $0.805.

Shares moved sideways before taking-off to print $1.20 for a gain of 39.5 cents, or 49.07%. Shares are still holding above a dollar currently. We congratulate all the followers of our “Penny Stocks to Watch” who were able to reap rewards from these most recent Companies and look forward to another solid month of penny stocks to watch in May. Be sure to check each weekend for our new Companies as we continue to find gems that are regularly producing solid gains.

————————- Forward Looking Statements This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company`s growth expectations and ongoing funding requirements, and specifically, the Company`s growth prospects with scalable customers, and those outlined above. Other risks include the Company`s limited operating history, the Company`s history of operating losses, consumers` acceptance, the Company`s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company`s securities, the possible volatility of the Company`s stock price, the concentration of ownership, and the potential fluctuation in the Company`s operating results.

Disclaimer AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable.

For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company`s expectations and estimates.

This is an advertisement for the above mentioned companies. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in it`s disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site. Information presented on our web site and within our reports contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “expects”, “will,” “anticipates,” “estimates, “believes,” or that by statements indicating certain actions “may,” “could,” or “might” occur.

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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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