U.S. Jobs Report Disappoints, CDN Jobs Report Not Much Better
allpennystocks Newsletter
You can read the original version online:
http://ymlp294.net/zghXDT ——————————————————————————– July 8, 2012 Week In Review…
Week In Review For July 2 to July 6, 2012 Canadian Companies mentioned include:
* Edleun Group, Inc. (TSX-Venture:EDU) * DNI Metals Inc. (TSX-Venture:DNI) * Delphi Energy Corp. (TSX-Venture:DEE) * Fission Energy Corp. (TSX-Venture:FIS) * Victory Resources Corp. (TSX-Venture:VR) * Asantae Holdings International Inc. (TSX-Venture:JVA) U.S. Companies mentioned include:
* Paid Inc. (OTCBB:PAYD) * Lpath Inc. (OTCBB:LPTN) * Catalyst Pharmaceutical Partners Inc. (NASDAQ:CPRX) * Andatee China Marine Fuel Services Corp. (NASDAQ:AMCF) This week on AllPennyStocks.com:
* Article Published, July 4, 2012: Empire Wins Again in Albania Lawsuit Regarding Prolific Chromite Property License (http://www.allpennystocks.com/aps_ca/special-reports/280/empire-wins-again-in-albania-lawsuit-regarding-prolific-chromite-property-license.htm) (CDN Company) * Article Published, July 6, 2012: Axia Group Looking to Bolster Sales through Campaign with Popular Online Deal Website (http://www.allpennystocks.com/aps_us/special-reports/276/axia-group-looking-to-bolster-sales-through-campaign-with-popular-online-deal-website.htm)(U.S. Company) Video charts for the week:
* July 2nd Technical Video Chart For PAYD. The Paid Inc. chart is making a strong move off a bottom bounce at 7 cents with the indicators showing a shift in trend and momentum. A move through resistance at 11 cents could signal the start of a much larger move towards resistance at the 200dma. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/7t2CrbVOEJ8 ).
* July 2nd Technical Video Chart For VR:CA. The Victory Resources chart is holding firmly above a solid support at 33 cents and developing a new support level at 35 cents. The 50 and 200 dma`s are right in front of the pps. A move through that dynamic resistance could signal a key shift in trend for the chart. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/vu340-gCrik ).
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 UPDATE -STOCKS MIXED AS JOBS REPORT DEFLATES MARKETS IN HOLIDAY-SHORTENED WEEK In a shortened, low volume trading week – with Canada resting for Canada Day on Monday and the U.S. for Independence Day on Wednesday – the major North American exchanges found themselves mixed results with commodities giving an initial rise to the Canadian markets and economic data stifling gains late in the week; pushing the Dow Jones Industrial Average and S&P 500 into the red while the other majors inched forward. Monday started strong for U.S. equities, but were quickly under pressure when economic data 30 minutes after the opening bell showed a stark contraction in manufacturing activity. Tuesday, North American markets marched unitedly forward as investors cheered strong auto sales and U.S. factory orders in the States from May and rising commodities before U.S. markets closed at 1 PM. While U.S.
markets were shuttered Wednesday, the Canadian exchanges roared forward on optimism that central banks were going to make moves to boost weakening global economies.
Also helping the markets early in the week, Italy`s national statistics institute (Istat) reported that the country`s unemployment rate dropped in May for the first time in more than a year. The drop from 10.2 percent to 10.1 percent is still well above the 8.2 percent mark from last May, but perhaps does indicate that the euro zone`s third largest economy is mildly beginning to stabilize.
Trading on Thursday marked the momentum early in the week – which had seen the TSX gain about 350 points – coming to a screeching halt as global banks cut interest rates. The moves had an inverse impact as instead of signaling moves to stimulate economies; it highlighted the struggles of countries across the globe, particularly China as the world`s second largest economy.
The People’s Bank of China cut its key deposit rate by 0.25%, to 3% in a move to slow contraction in its economy. The Bank of England announced it is easing its monetary policy by increasing its bond-buying program by another US$78.1 billion. After a meeting of the European Central Bank on Thursday, the ECB reported a 0.25% rate cut. Generally, the fresh bank moves would increase bullishness for commodities, including precious metals, but such was not the case.
Ultimately, the rate cuts and money printing is going to highlight what the U.S. Federal Open Markets Committee has to say in minutes that will be released this upcoming Wednesday on their stance of the United States economic policy.
Spain was back in focus as the country sold nearly 3 billion euro`s worth (US$3.8 billion) of three- and ten-year bonds; pulling yields up to 6.54%, which was still below recent peaks from June, but nearing 7% levels that most economists deem as unsustainable.
Thursday`s market decline was accelerated on Friday to nearly expunge gains by any of the major exchanges as weak U.S. jobs data fueled worries that global economic growth is grinding to a stop.
Commodities fell hard with the report that the U.S. had only added a little over 200,000 jobs in the past three months; a figure that was being generated on a monthly basis leading into the most recent quarter. Canadian job seekers didn`t fare much better as data showed basically flat markets in June as well. The news dominated sentiment and led to a broad market sell-off heading into the weekend.
Putting a cherry on the negative sentiment sundae that was fed to the markets on Friday, International Monetary Fund director Christine Lagarde voiced concerns in a speech in Japan about debt problems spreading globally and that “the outlook has, regrettably, become more worrisome.” Lagarde said the IMF will revise down its next global forecast, due in 10 days.
To start the new week, investors will be looking for positive news with the so-called kick-off of earnings season again with Alcoa reporting on Monday. It is a safe bet to say that traders will also be once again calling upon the Federal Reserve to initiate another round of bond buying of their own, called Quantitative Easing, to help shore-up the gimping U.S. economy and try and stimulate jobs in the wake of other economies expanding their efforts. With Operation Twist getting extended through 2012, as announced recently, it seems a bit unlikely that Fed Chairman Ben Bernanke will be offering the solution of QE3 immediately, but likely he will say that the central bank is still closely monitoring the situation and stands ready to make moves as necessary.
The Canadian dollar regained some ground early in the week after a sharp sell-off the previous Friday upon news of the EU deal to shore-up faltering banks before slipping back some against the greenback mid-week. On Friday, the loonie posted gains against most of its 16 counterparts after global central banks made moves to boost economies, adding some flavor to riskier commodities and pushing the CDN to its highest levels against the euro since June 2010.
Similarly, the euro weakened to two-year lows against the USD. On the week, the Canadian dollar posted modest losses with the USD strengthening by 0.23% against the CDN currency, meaning that next week will begin with one Canadian dollar buying US$0.98121.
Commodity Snapshot:
* Gold futures slid more than 1.6% on Friday with the weaker than expected jobs report and strengthening USD. The decline in bullion was a bit counterintuitive given that the meager jobs gains could increase the likelihood of QE3, which is good for gold, but traders appear leery that commodities may be creeping in deflationary scares which is weakening gold. Taking an optimistic stance, analysts from Commerzbank said early in the week, “In the long term, we regard the current scepticism displayed by speculators to be constructive, for most fears should meanwhile be priced in. Thus precious metals could be nearing the end of their slump.” On the week, August contracts were the most actively traded; sliding 1.58%, or $25.30 per ounce to close the week at $1,578.90 on the Comex division of the New York Mercantile Exchange.
* Silver prices are depreciated amidst a prevailing downtrend and economic data showing manufacturing contraction. Silver prices are more susceptible than gold to economic data because of its multitude of industrial uses in addition to being a hedge against the dollar.
On the week with September silver contracts being the most actively traded; the commodity depreciated by 2.51%, or $0.692, to $26.92 per ounce.
* Copper prices also fell prey to a weak reading from the U.S. labor market and ongoing concerns about China`s growth as the largest importer of the industrial metal. Copper is very sensitive to economic outlooks because of its uses in construction, electronics, appliances and more. Despite China`s move to spark its economy, sentiment remains bearish for the country that accounts for 40 percent of global copper use. September contracts were the most actively traded on New York`s COMEX exchange during the week and finished down by 8.7 cents, or 2.49%, at $3.4095 per pound.
* Oil prices rose during the week to their highest levels since late May before sliding into negative territory with movement on Friday that shed more than 3 percent. Crude was up early in the week against a backdrop of rising tensions over Iran`s nuclear initiatives and an oil workers strike in Norway that raised supply concerns. The sluggish jobs report, however, overshadowed those concerns on Friday as demand moved to the forefront. Regarding the Norway strike, negotiations are ongoing over the weekend at the request of the Norwegian government. On the week, August contracts for West Texas Intermediate crude dropped by $0.51, or 0.60%, to close at $84.45 per barrel.
Equity Market Snapshot:
(All percentages on a weekly basis unless otherwise noted) * Major gold miners were basically flat with gold tumbling late in the week and eliminating any substantial gains in equities. Kinross Gold (K, +1.20%), Yamana Gold (YRI, +0.31%), Newmont Mining (NMC, +0.23%) and Goldcorp (G, +0.50%) edged ahead while Barrick Gold (ABX, -2.09%) and Agnico-Eagle Mines (AEM, -0.02%) continued to slide lower again this past week on the TSX.
* SouthGobi Resources Ltd. (TSX:SGQ, +19.22%) forged ahead after it said that Aluminum Corp. of China Ltd. (NYSE:ACH, -0.92%) and Ivanhoe Mines (TSX:IVN, -4.38%) plan to extend ACH`s partial takeover bid in which ACH would acquire between 56% and 60% of SouthGobi`s common shares.
* Avion Gold Corp. (TSX:AVR, +23.08%) was also a winner upon news that the stalled expansion at the Tabakoto mine in western Africa will be restarted late this year or early in 2013. The expansion had been put on hold in May due to political unrest in Mali that caused some of Avion`s foreign workers to leave the country.
* Energy stocks languished late week much like gold plays as crude prices crumpled after advancing earlier in the week. Suncor Energy (NYSE:SU, -0.41%), Talisman Energy (NYSE:TLM, -0.79%) and Canadian Natural Resources (NYSE:CNQ, -2.83%) lost ground while stocks like Cenovus Energy (NYSE:CVE, +1.82%) and Imperial Oil (NYSE:IMO, +0.62%) managed to hang onto some gains.
* Shares of ATP Oil & Gas Corp. (NASDAQ:ATPG, +9.52%) advanced, although slipping 50 cents off intraweek highs, after the company announced a successful well in the Levant Basin offshore Israel. The company said that it will provide more information on the well in its third-quarter profit update. Also in the oil patch, Trican Well Service Ltd. (TSX:TCW, -5.36%) shares fell after the company warned that it expects to post a larger loss in the second quarter than analysts predicted.
* The financial sector in the States tossed and turned on conflicting data and news before diving late week. Bank of America (NYSE:BAC, -6.36%), Wells Fargo & Co. (NYSE:WFC, -1.17%), JPMorgan Chase (NYSE:JPM, -4.33%), UBS AG (NYSE:UBS, -5.89%), Goldman Sachs Group (NYSE:GS, -0.41%) and Citigroup (NYSE:C, -3.83%) all tracked lower.
* The financial news of the week enveloped most all major financials as Barclays (NYSE:BCS, -0.29%) chief executive Bob Diamond said he will step down from his position, but will remain as chairman to help find a new CEO. The news came a day after chairman Marcus Agius announced his own resignation amid the widening scandal surrounding the bank`s manipulation of interbank lending rates. Several other banks, including Deutsche Bank (NYSE:DB, -6.97%), Royal Bank of Scotland (NYSE:RBS, -7.79%), Credit Suisse (NYSE:CS, -2.62%), Citigroup, JPMorgan, UBS and Bank of America are being investigated related to the scandal.
* On the Canadian banking front, banks were not affiliated with or affected by the Barclays` debacle and helped the TSX post gains on the week. Bank of Montreal (BMO, +1.37%), Royal Bank of Canada (RY, +1.19%), The Bank of Nova Scotia (TSX:BNS, +0.21%), National Bank of Canada (TSX:NA, +1.42%) and Canadian Imperial Bank of Commerce (TSX:CM, +0.42%) notched gains while Toronto-Dominion Bank (TSX:TD, -0.23%) sifted-off a few points.
* Investment firm Pershing Square looks to be getting its way with Canadian Pacific Railway (TSX:CP, +0.41%) as now Tony Ingram has resigned as a director, representing the third departure from the CP board since May. With newly-appointed Hunter Harrison sitting as a director and chief executive officer of the company and the latest departure of executives, the nominees put forward by Pershing Square have a majority on the 14-member board of directors.
* Chemical maker DuPont de Nemours (NYSE:DD, -3.30%) was downgraded by Jefferies & Co. to hold from buy and the analyst firm lowered its price target on the company to $55 from $62 a share, citing deteriorating demand from Europe and weakness in the titanium-dioxide market.
* Commercial and residential light maker Acuity Brands (NYSE:AYI, +17.72%) saw shares ascend after the company topped estimates with reported earnings of an adjusted profit of 82 cents a share for the quarter ended May 31.
* Shares of Informatica (NASDAQ:INFA) took a nosedive in its largest single-day decline in 11 years after the provider of data integration software reported weaker-than-expected quarterly results, citing subpar demand from Europe as a partial cause. The news now has analysts saying that Informatica`s results could be a bellwether for other providers such as Teradata (NYSE:TDC, -9.72%), Citrix Systems Inc. (NASDAQ:CTXS, -7.73%) and VMware Inc. (NYSE:VMW, -7.77%).
* In social media news, Twitter said that it is not going to cross-promote tweets with LinkedIn (NYSE:LNKD, +2.44%) anymore. Users will still be able to have their posts on LinkedIn go directly to Twitter accounts, but Twitter posts will no longer be available for automatic viewing on LinkedIn. Experts believe the move is designed to bolster Twitter`s advertising revenue and try and keep users on their own site.
* Bombardier Inc. (TSX:BBD.B) nudged ahead again this past week after announcements that it has received an order for eight business aircraft valued at $507 million and the signing of a technology license agreement with CSR Puzhen, a subsidiary of China South Locomotive & Rolling Stock Corporation Ltd.
* Merger news came in a steady stream this past week. Internet protocol testing system provider Ixia (NASDAQ:XXIA, +2.83%) agreed to acquire BreakingPoint Systems Inc. for $160 million in cash as the company looks to add security testing to its portfolio. The deal is expected to close in Q3. Chipmaker Micron Technology Inc. (NYSE:MU, +6.42%) agreed to acquire bankrupt Japanese rival Elpida Memory Inc.
through a definitive sponsor agreement that will cost Micron about $2.5 billion. Micron will acquire the company`s equity for $750 million and pay a total of $1.75 billion in future annual installment payments.
* Looking to expand in the mobility market, supply chain services provider Ingram Micro Inc. (NYSE:IM, -2.63%) agreed to acquire wireless-equipment provider Brightpoint Inc. (NASDAQ:CELL, 64.23%) for about $622 million, or $9 per share, a 66% premium to Brightpoint`s previous Friday`s close. Respiratory therapy and services provider Lincare Holdings Inc. (NASDAQ:LNCR, +22.34%) received a $4.6 billion, or $41.50 per share, takeover offer from German industrial gas supplier Linde AG, which is seeking to expand in the healthcare sector. Lincare`s board agreed with the acquisition price and encouraged shareholders to concur as well. Linde said it would fund the transaction through cash and an acquisition loan of $4.5 billion, to be refinanced by debt and equity issuances.
* More on the merger front came as Dell Inc. (NASDAQ:DELL, +0.40%) said it will pay $28 a share to buy Quest Software (NASDAQ:QSFT +0.18%) in a deal valued at about $2.4 billion, representing a 19 cent premium to Quest`s prior Friday closing price. Sony Corp. (NYSE:SNE, -4.21%) agreed to acquire Gaikai Inc., which specializes in streaming videogames over the Internet, for about $380 million.
* In more things M&A, the consortium Maple Group Acquisition Corp.
said the Ontario Securities Commission has approved final recognition orders with respect to a proposed acquisition of TMX Group (TSX:X, +3.99%). The orders provide the terms under which the OSC will permit Maple to operate a combined exchange and clearing group involving the TMX, Alpha Trading Systems Inc. and the Canadian Depository for Securities Ltd.
* Retailers put forth a mixed bag of financial reports this past week as high unemployment and consumers confidence fading proved tough for some. Costco (NASDAQ:COST, -1.39%), Macy`s (NYSE:M, -0.93%) and Target (NYSE:TGT, -0.21%) posted results from June that lagged estimates. TJX Cos., Inc. (NYSE:TJX, +3.49%), Limited Brands Inc.
(NYSE:LTD, +7.74%) and Nordstrom Inc. (NYSE:JWN, +4.43%) posted better results than analysts had expected for the month. Kohl`s (NYSE:KSS, +4.97%) actually missed expectations and said that second quarter earnings are going to be on the low end of guidance, but saw shares move upward as sales increased in the latter part of the month.
Weekly Indices Results:
The S&P TSX Composite Index fell far from highs, but rose for the second straight week; gaining 63.09 points, or 0.54%, to 11,659.65.
The TSX Venture Exchange finally found a green week after three straight drops; advancing 20.36 points, or 1.71%, to 1,211.35.
In the States, the Dow Jones Industrial Average lost ground, slipping by 107.62 points, or 0.84%, ending the week at 12,772.47. The much-broader S&P 500 followed along; fading by 7.48 points, or 0.55%, to close at 1,354.68. The tech-rich NASDAQ Composite, continued its upward climb, edging higher by 2.28 points, or 0.08%, to 2,937.33 on the week.
Canadian Economic Data:
* Municipalities issued building permits worth $7.0 billion in May, a 7.4% increase from April and the highest level since May 2007. The increase followed a 4.4% decline in April and was largely the result of higher construction plans for institutional buildings in Alberta, British Columbia and Saskatchewan, and for multi-family dwellings in British Columbia. The value of residential building permits increased 8.5% to $4.1 billion, following four consecutive monthly declines.
* Updates to the Ivey Purchasing Managers Index showed that the pace of purchasing activity in the Canadian economy fell to its lowest level in almost a year in June. Coming up well shy of estimates, the seasonally-adjusted data showed a reading of 49.0 in June as compared to 60.5 in May. Readings below 50 signal that activity contracted from the previous month.
* In June, employment was little changed for the second consecutive month and the unemployment rate edged down 0.1 percentage points to 7.2%, as fewer people searched for work. Full-time jobs increased by 29,300 and part-time employment fell by 22,000 positions, according to Statistics Canada. The number of hours worked increased by 0.4 percent and hourly wages rose 3.4 percent on an annual basis, up from May’s 3 percent, indicating that the country continues to fight for stability and not buckle to global economic pressures.
Next week, economic data will include Housing Starts on Tuesday; International Merchandise Trade on Wednesday; and the New Housing Price Index on Thursday.
U.S. Economic Data:
* According to CoreLogic, home prices in the U.S. climbed 1.8% in May compared to April, or a 2% gain compared to May 2011. The May 2012 figures represent the third consecutive increase in home prices on both a year-over-year and month-over-month basis.
* The Commerce Department said that outlays for construction projects rose by 0.9% in May, beating expectations by economists of a 0.2% rise. The sharp move was the largest to date in 2012. The new figure follows April construction spending which was revised upward to show a 0.6% increase from the previous estimate of a 0.3% rise. An increase in private construction during the month was pared by weakness in the government sector as state and local government spending decreased 1% in May, its fifth straight month of reduced spending.
* According to the Institute for Supply Management (ISM), manufacturing activity dropped in June to below 50 for the first time since July 2009. The ISM manufacturing index dropped to 49.7% from 53.5% in May. Readings below 50 percent indicate contraction in activity. The new-orders index dropped 12.3 percentage points in June, registering 47.8%. This was the first time since April 2009 that the new order index dropped below the 50 benchmark.
* ISM also reported that the service industries expanded in June at the slowest pace since January 2010, indicating that the biggest part of the economy is struggling to gain momentum. The ISM non-manufacturing index dropped to 52.1 in June from 53.7 in May.
* Shrugging-off a weak jobs market and fading consumer confidence, the U.S. auto industry completed its best first half to a year since 2008 with a strong month of June. Notably, Ford`s sales rose 22 percent during the month; GM sales climbed 16 percent; Toyota saw a whopping 60% climb in sales; and Nissan sales surged 28 percent in June. At this pace, industry sales will post double digit percent increases on the year; marking the third year in a row, something that hasn`t happened since 1971 to 1973.
* The Labor Department said that fewer Americans than predicted filed first-time claims for unemployment insurance payments during the week ended June 30, 2012. Applications for jobless benefits decreased by 14,000 to 374,000, the fewest since mid-May.
* In the latest report on the employment situation in the States, the Labor Department announced that the economy added just 80,000 net jobs in June, keeping the unemployment rate flat at 8.2%. The new data ended the worst quarter for job growth in nearly two years with only 225,000 jobs created from April through June. As investors also start looking ahead to the Presidential election in November, the sentiment around President Obama being re-elected is dimming based on the fact that since World War II, no incumbent president has been reelected when the unemployment rate was 7.5% or higher.
* The Labor Departments employment report was in start contrast with the ADP Employment Report for June, which showed that jobs the non-farm private business sector increased by 176,000 from May to June, on a seasonally adjusted basis. The estimated gain from April to May was revised up slightly, from the initial estimate of 133,000 to a revised estimate of 136,000. Employment in the private, service-providing sector rose 160,000 in June, after rising a revised 137,000 in May. Employment in the private, goods-producing sector added 16,000 jobs in June. Manufacturing employment added 4,000, reversing May’s decline.
Next week, data in the States will start slow but then ramp-up with International Trade stats and FOMC Minutes on Wednesday; Initial Jobless Claims on Thursday; and the Producer Price Index and Consumer Sentiment on Friday.
Penny Stocks to Watch & Company Spotlight Results:
Among the stocks we watched this week, black shale explorer DNI Metals Inc. (TSX-Venture:DNI) exploded early in the week with a 50% run to its intraweek high of 39 cents before profit taking set the price back some to close the week at 29 cents for a gain of 3 cents, or 11.54%.
The other Canadian stock on our radar, child care company Edleun Group, Inc. (TSX-Venture:EDU) ping-ponged back and forth between 67 cents and its intraweek high of 69 cents; finally settling at 68 cents for a tepid loss of 1 cent, or 1.45% on the week.
In the States, healthcare company Lpath Inc. (OTCBB:LPTN) ran sideways all week before closing on Friday at 76 cents for a gain of a penny, or 1.33%, with an intraweek high of 78 cents. The other U.S. stock on our watchlist, diversified services company Paid, Inc. (OTCBB:PAYD) fought busting through resistance at 11 cents with its intraweek high of 11.4 cents, but gave it back on Friday to wrap the week at 9.8 cents for a drop of 1.2 cents, or 10.91%.
If you`d invested in all four stocks and held them to the end, you`d have seen an average gain of 0.13%. 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 14.41%.
Next week, we focus on Delphi Energy Corp. (TSX-Venture:DEE) and Fission Energy Corp. (TSX-Venture:FIS). In the States, look for big things from Catalyst Pharmaceutical Partners Inc. (NASDAQ:CPRX) and Andatee China Marine Fuel Services Corp. (NASDAQ:AMCF).
On the Corporate Spotlight Front…
Victory Resources Corp. (TSX-V:VR) (OTCQX:VRCFF) announced that it has completed the 2nd and final stage of the drill program at the Altamira tailings pond located at the Reforma mine. The drill program was conducted on two tailings ponds known as the Matanza and the Altamira.
The drill program completed on the Matanza tailings pond consisted of 46 drill holes with depths ranging from 2 meters to 10.9 meters for a total of 291 meters. The drill program completed on the Altamira tailings pond consisted of 10 drill holes with depths ranging from 2 meters to 7.5 meters for a total of 38 meters. The company is now preparing a representation bulk sample from each tailings pond to be submitted for mineralogical studies and metallurgical tests to determine the viability of re-processing the material.
“The completion of the drill program at the tailings ponds is an important milestone in determining the near term economic potential.” stated Wally Boguski, President and CEO. “The scenario of an immediately viable resource in the tailings pond could represent an opportunity for the company to access capital for the current development of the Reforma mine.” Asantae Holdings International Inc. (TSXV:JVA) (Pink Sheets:ASNHF) reported earlier in the week robust growth in several key areas for the second quarter 2012. During Q2 Asantae added 2,277 Affiliates and Preferred Customers as compared to 1,177 for Q1, an increase of 93% for Q2. The company added 729 new Affiliates and Preferred Customers in June. Recruiting is a key indicator of momentum and growth. Total Auto Ship (recurring) orders, an important gauge of retention and the health of the repeat consumption base of the business, are up 79% in Q2 over Q1. During Q2, Asantae fulfilled 2,975 total autoship orders as compared to 1,644 autoship orders in Q1. June autoship orders were 1,058 compared to 1,125 in May. Asantae sold 13,946 total units of RealW8™ in Q2 compared to 7,477 units of RealW8™ in Q1, an increase of 87%. The Company sold 4,641 total units RealW8™in June, compared to 4,902 in May.
Asantae is a company that`s definitely going places, and from recent announcements, it is moving in the right direction at break neck speeds. We encourage all investors to continue to watch developments in JVA over the coming weeks to see if the stock price can break out of its current trading range.
We are finalizing our due diligence on a new corporate spotlight which we will release early this week, so keep your eyes on your inbox for another undervalued company which we believe could reap quick rewards! ————————- 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.
© 1999-2012 AllPennyStocks.com. All rights reserved.
AllPennyStocks.com is not a Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out to be. All materials presented on our web site and individual reports released to the public through this web site, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes.
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. AllPennyStocks.com has been compensated eight thousand five hundred dollars by a third-party, Coral Harbour Investments Inc. for its efforts in presenting the V.VR profile on its web site and distributing it to its database of subscribers as well as other services. AllPennyStocks.com has been compensated eight thousand dollars by the Company for its efforts in presenting the V.JVA profile on its web site and distributing it to its database of subscribers as well as other services. 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.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov ( http://www.sec.gov ) and/or the National Association of Securities Dealers (NASD) at:
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.
_____________________________ Change email address / Leave mailing list: http://ymlp294.net/ugjheqmgsgeyyqygujhyggmqbybw Powered by YourMailingListProvider
Related posts:
- U.S. Jobs Report Disappoints, CDN Jobs Report Not Much Better
- EU Leaders Finally Make Big Steps in Financial Stability, World Markets Rally
- Europe Woes Continue To Rattle World Markets
- Spain Gets Bank Bailout As World Markets Bounce Off Lows
- Spain Bond Yields Hit Danger Levels, Europe Fears Still Rattling Markets