Stocks Rise Again, S&P 500 At New Record High

allpennystocks Newsletter

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http://ymlp285.net/z77Rje ——————————————————————————– March 2, 2014 Week & Month In Review…

Week & Month In Review For February 24 to February 28, 2014 Spotlight Companies Mentioned This Week:

* Brazil Minerals, Inc. (OTCQB:BMIX) This week on AllPennyStocks.com:

* Article Published, February 25, 2014: M Line Holdings Expands Facilities Amid Growing Demand as Part of Turnaround Story (http://www.allpennystocks.com/aps_us/special-reports/429/M-Line-Holdings-Expands-Facilities-Amid-Growing-Demand-as-Part-of-Turnaround-Story.htm)(U.S. Company) * Article Published, February 26, 2014: Powertech and Azarga Resources Agree to Merge (http://www.allpennystocks.com/aps_ca/special-reports/407/Powertech-and-Azarga-Resources-Agree-to-Merge.htm) (CDN Company) * Article Published, February 28, 2014: OurPets Company Delivers Record Growth in 2013 (http://www.allpennystocks.com/aps_us/special-reports/430/OurPets-Company-Delivers-Record-Growth-in-2013.htm) (U.S. Company) Video charts for the week:

* February 28th Technical Video Chart For ETRM. EnteroMedics has been in a strong uptrend for nearly one year. The indicators are showing the bullish trend and bullish momentum in February, but the chart needs to take out resistance at $2.66 in order to make the next leg up. view: ( http://www.youtube.com/watchv=RZpbPYahO0c ) * February 28th Technical Video Chart For BAA:CA. After a lengthy downtrend, the Banro Corp. chart looks to have bottomed in December at 43 cents. The chart made a new higher low in February, but once again found resistance at 76 cents, making that a key spot to watch if the upward pressure can continue. view:

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______________________________________________________________ WEEKLY & MONTHLY UPDATE – STOCKS RISE AGAIN, S&P 500 AT NEW RECORD HIGH Stocks in North America moved forward last week, even despite a late afternoon sell-off on Friday as traders booked profits from a strong month. All three major US indexes notched gains in excess of 1 percent, while flat commodity prices tempered gains in the Toronto markets. In short, it was a week of milestone levels. The S&P 500 set a new all-time high. The Nasdaq hit its highest monthly closing point since March 2000, the month that it hit its all-time high of 5,132. The Dow Jones Industrial Average is at five-week highs and back within earshot of a new record level. The TSX Composite is sitting at its highest level in three years and closing in on all-time highs itself. The smaller TSX-Venture has risen to its best point since last April.

To a certain extent (based solely on the blue chip indexes), it`s hard to swallow that economists and analysts regularly express concerns about our economies still being in recovery mode.

Investors have been encouraged by a strong earnings season as companies generally improved on profits in the fourth quarter as the economy seemed to slow at the end of 2013. According to FactSet Research, about 73 percent of all S&P 500 companies beat analyst expectations in the latest quarter.

The markets also paid close attention as new US Federal Reserve Chairwoman Janet Yellen spent some time last week testifying in front of a Senate Banking Committee. In January, the main bank began scaling back its purchases of Treasuries and mortgage-backed securities, which stood at $85 billion every month, to $65 billion per month. Investors listened attentively for clues about if the Fed is going to continue to taper it massive stimulus package, known as QE3, in the coming months and if interest rates will be rising any time soon. Much like her predecessor Ben Bernanke, Yellen kept things on the fence, saying that officials are monitoring the situation and that the recovery is far from done. The Fed chair blamed any softness on the economy on the poor weather conditions this winter and said that it was too soon to worry or draw any sharp conclusions until more data arrives. Those that didn`t expect any bombshells, got exactly that.

Action overseas also played a part in market activity this past week.

Economic data from Germany, the largest country in the European Union, was particularly optimistic. German business confidence rose for the fourth straight month in February, with the Ifo business climate survey registering a 111.3, topping economist predictions of 110.5 and marking the highest level in seven years. China provided downward pressure on the markets with data showing a sharp deceleration in the housing markets. An HSBC survey of factories showed that manufacturing activity in February sunk to the lowest level in seven months.

Elsewhere, at the latest G20 meeting in Australia, finance leaders agreed to continue to stimulate global economies in the future. The world`s 19 richest countries and the European Union said that they will implement policies that will add $2 trillion to the world economy in the next five years, a move cheered by the markets.

Geopolitical tensions are raging between Russia and Ukraine, putting the world on watch for a war to begin. Sergy Kunitsyn, the Ukrainian president`s special representative in Crimea, told local ATR television that Russian aircraft transported nearly 2,000 armed soldiers to a military airbase in the regional capital of Ukraine`s Crimea region. Reports stated that soldiers have taken control of the air strip, local parliament, communication centers and other buildings, in what Ukraine is calling an “armed invasion” of their country. Ukraine`s acting President Oleksandr Turchynov said that Russian President Vladimir Putin is trying to antagonize Ukraine into an armed conflict and that Putin needs to “stop provocations and start negotiations.” The Russian invasion, which hit the wire Friday afternoon, may have been partially responsible for the market pullback at the tail end of the week. It`s also likely that some money managers were adjusting their books as February wound to a close, as is a common practice.

That overseas conflict will remain in focus this week as the markets typically don`t like conflict. Also firmly in focus will be the latest reports on the labor markets in Canada and the US with new unemployment rates for February coming on Friday, which always have the potential to create market volatility. Any breaking news overseas aside, look for the markets to trade with cautious upward pressure heading into those heavily watched jobs reports.

The Canadian dollar grabbed some traction again against the US dollar after dumping more than 1 percent a week prior. The biggest motivator of movement last week was the release of GDP data that sparked sharp volatility between the two currencies as investors noted the better-than-expected growth in Canada. However, those gains were moderated by Canada`s economy contracting in December and the fact that headline GDP expanded largely because businesses stockpiled their inventories. Outside of its conversion to the loonie, the greenback was broadly weaker against the world. The ICE Dollar Index, which measures the USD against a basket of six global currencies, lost 1.94 percent to end at its lowest monthly closing price since January 2013.

On the week, the Canadian dollar gained 0.44%, or $0.003945, against the USD, meaning next week will begin with one Canadian dollar buying US$0.903675. For the month of February, the losses during the third week kept the Canadian dollar from having an exceptional month, although it still gained 0.58 percent on the US dollar.

Commodity Snapshot:

* Gold futures logged their first loss in four weeks as rising equities continued to lure in traders. Further, investors perceived most economic data as upbeat and wrote-off less-than-expected data as a product of inclement weather. The improvement in the sale of new homes and good news in lesser reports, such as Chicago PMI and Thomson Reuters/University of Michigan Consumer Sentiment Index, hinted that the Federal Reserve may continue to unwind its stimulus package, which decreases appetite for gold as an inflation hedge, although comments from Fed head Janet Yellen helped the precious yellow metal in Thursday trading. Even gross domestic product for the fourth quarter didn`t send traders running to the safe haven of gold because the downward revision was in line with economist predictions. April contracts were the most actively traded for the week, slipping $2.00, or 0.15%, per ounce to $1,321.60. Despite the modestly lower week, gold had its second straight strong month. Spot gold prices climbed 6.77 percent in February and are up more than 10 percent so far in 2014.

* Silver futures topped $22 per ounce for the first time since early in November on Monday, but struggled going forward the rest of the week. Yellen`s testimony to a Senate Banking Committee showed that she still believes the U.S. has a long way to go in its recovery, which provided some support to silver and gold, as did rising tensions in Ukraine, but not enough to overcome profit taking after a stellar silver run in February. May contracts for silver were the most actively traded, dropping 5.41 cents, or 2.48 percent, to $21.241 per ounce. During February, spot silver stopped a three-month slide and advanced 10.84 percent.

* Copper futures took a hit last week, largely because of China. For starters, news hit that Chinese banks are cutting their lending to property developers and other related companies, such as steel and cement suppliers. Further, the Chinese yuan sunk to a four-month low against the US dollar. For the most part, as China goes, so does copper, as the world`s second largest economy is far and away the largest copper consumer in the world. Concerns about the economy can cripple copper prices and a weak yuan makes matters worse as the industrial red metal becomes more expensive for investors to purchase.

May contracts were the most actively traded on New York`s COMEX exchange during the week; stumbling 10.35 cents, or 3.14%, to $3.1875 per pound. After starting the month strong, spot copper gave up all of its gains to lose 0.14 percent in February to its lowest monthly closing price since July.

* Oil futures traded in a range last week as investors tried to weigh global economic data for what it means to future demand as well as the ongoing conflict in Ukraine. Crude prices have been supported all year by the frigid temperatures and battering weather that has hit a wide swath of the U.S. and Canada. Helping hold up oil prices, Bloomberg reported that crude production from the 12-member Organization of Petroleum Exporting Countries (OPEC) fell to its lowest level since June 2011 last month, as throughput sagged in Saudi Arabia and Libya.

April contracts for West Texas Intermediate Crude were the most actively traded; edging ahead 39 cents, or 0.38%, to $102.59 per barrel. Across the month of February, prices for spot WTIC rose by 5.44 percent, taking prices to their highest monthly close since August.

Equity Market Snapshot:

(All percentages on a weekly basis unless otherwise noted) * Major gold miners finally took a healthy breather after a solid month. Newmont Mining (TSX:NMC, even) eked out a flat week, but Goldcorp (TSX:G, -2.93%), Kinross Gold (TSX:K, -0.69%), Agnico-Eagle Mines (TSX:AEM, -6.82%), Barrick Gold (TSX:ABX, -3.13%) and Yamana Gold (TSX:YRI, -4.57%) gave up ground.

* Taseko Mines Ltd. (TSX:TKO, -6.20%) was dealt a blow when Canada`s environment department rejected for the second time Taseko`s proposed $1.5-billion, open-pit, gold-copper mine in British Columbia. The government said that the proposed New Prosperity Mine would cause significant adverse environmental effects that can`t be controlled.

* Major energy plays were mixed with oil trading in a range and natural gas prices falling from highs. Cenovus Energy (NYSE:CVE, +3.43%), Suncor Energy (NYSE:SU, +1.04%), Imperial Oil Ltd. (NYSE:IMO, +2.86%) and Exxon Mobil (NYSE:XOM, +1.30%) all moved upward, while Canadian Natural Resources (NYSE:CNQ, -1.00%), Chevron Corp.

(NYSE:CVX, +2.35%) and Talisman Energy (NYSE:TLM, -1.34%) fell back.

XLE, the Energy Select Sector SPDR, moved up 1.44 percent, its fourth straight up week after five down.

* The biggest of banks in the US were mostly in the green. JPMorgan Chase (NYSE:JPM, -1.37%) shed points, but Goldman Sachs Group (NYSE:GS, +1.53%), Wells Fargo & Co. (NYSE:WFC, +1.80%), UBS AG (NYSE:UBS, +2.94%), Citigroup (NYSE:C, +0.77%) and Bank of America (NYSE:BAC, +1.47%) climbed higher. XLF (NYSE:XLF, +1.02%), the financial select sector SPDR that tracks the financial stocks in the S&P 500, rose for the third time in four weeks.

* Credit Suisse (NYSE:CS, -0.32%) edged down after a U.S. Senate report alleged that the Switzerland-based banker helped clients hide billions of dollars out of the view of the US Internal Revenue Service. Credit Suisse shot back saying that only a small group of its private bankers were conducting themselves in violation of the US laws and that its top managers knew nothing about the activity.

* Canada`s biggest banks, the most heavily weighted component of the TSX Composite, mostly helped the Toronto markets rise. National Bank of Canada (TSX:NA, +2.61%), Toronto-Dominion Bank (TSX:TD, +1.03%), Bank of Montreal (TSX:BMO, +0.37%) and Canadian Imperial Bank of Commerce (TSX:CM, +2.86%) advanced, while Bank of Nova Scotia (TSX:BNS, even) was flat and Royal Bank of Canada (TSX:RY, -0.84%) declined.

* The big banks delivered earnings reports last week. Bank of Montreal beat expectations by a nickel with profits of $1.06 billion or $1.58 per share. National Bank`s adjusted earnings were $384 million or $1.09 per share, topping forecasts of $1.05 per share.

Royal Bank also beat analysts by reporting a 2-percent rise in net income to $2.09 billion or $1.38 a share. CIBC posted quarterly net income of $1.18 billion, up nearly 50% from a year ago, largely because of the sale of half of its Aeroplan credit card business to TD Bank. Adjusted profits of $2.31 per share beat analysts by 15 cents.

TD didn`t disappoint either, edging past analysts by 2 cents with adjusted net income of $1.06 per common share.

* The harsh winter weather had an impact on United Continental Airlines (NYSE:UAL, -1.40%), which warned that its profits could suffer for the quarter after the major airliner has been forced to cancel about 22,000 flights in January and February.

* Men’s Wearhouse (NYSE:MW, +19.24%) went after Jos. A. Bank (NASDAQ:JOSB, +12.77%) in its third attempt to acquire its smaller rival, this time offering $63.50 for each share of JOSB, in a deal now worth $1.78 billion. The company said that the buy-out price would be raised to $65 per share ($1.82 billion) provided Jos. A. Bank cancels its recently announced $825-million acquisition of Eddie Bauer (at a cost of less that $48 million to terminate) and Jos. A. Bank allows MW to conduct limited due diligence with JOSB management. Men’s Wearhouse made its first offer of $55 per share of JOSB in December and increased it to $57.50 in January, only to have both offers rebuffed.

* BlackBerry (TSX:BB, +8.65%) had a busy week as the smartphone maker said it is making its BBM messaging service available to Microsoft (NASDAQ:MSFT, +0.87%) Windows Phone and the upcoming Nokia (NYSE:NOK, +1.61%) X platforms in the coming months. Also in the company`s favor, a Bloomberg report surfaced that Ford (NYSE:F, +1.52%) intends to base its next generation Sync system on BlackBerry`s QNX and not the Microsoft platform it had been using. BlackBerry CEO John Chen also unveiled two new smartphones at the Mobile World Congress in Barcelona last week.

* Billionaire activist investor Carl Icahn was relentless last week in his efforts to try and force eBay (NASDAQ:EBAY, +7.66%) to do what he wants, namely spin-out its PayPal business. Icahn issued letters to eBay shareholders last week criticizing the board of directors for acting with a conflict of interest, allegations that the board rejected. Icahn also wants to add two of his own people to the board at eBay, something else that the board refused, further angering Icahn. In the face of the drama, shares of EBAY printed a record high.

* RF Micro Devices Inc. (NASDAQ:RFMD, 21.86%) agreed to spend about $1.6 billion to acquire TriQuint Semiconductor Inc. (NASDAQ:TQNT, +32.61%) in a “merger of equals,” forming a new company that has combined revenue in excess of $2 billion annually. Per the deal, TriQuint shareholders will receive 1.675 shares of the new company for each share of TQNT held, representing a premium of 5.4% to the day prior’s closing price. RF Micro shareholders will receive one share of the new company for each RFMD share held.

* Shares of Tesla Motors (NASDAQ:TSLA, +16.80%) continued to set new all-time highs, running further after posting better-than-expected earnings and guidance a week earlier. Adding to the bullishness, Tesla disclosed that it is raising $1.6 billion to construct a massive lithium battery factory, already nicknamed “Gigafactory,” which is viewed as key for the electric car maker to develop a mass production vehicle.

* Iconic toymaker Mattel Inc. (NASDAQ:MAT, +4.95%) announced that it has struck a $460-million deal to acquire Mega Brands Inc. (TSX:MB, +38.22%), a Canadian maker of construction toys, arts and crafts with distribution into more than 100 countries.

* Comcast (NASDAQ:CMCSA, +1.25%) disclosed that it has cut a deal with Netflix (NASDAQ:NFLX, +3.10%) that will allow Netflix to speed up its streaming capabilities by directly connecting to its broadbank network.

Weekly Indices Results:

The S&P TSX Composite Index edged ahead yet again, stepping up another 3.87 points, or 0.03%, to 14,209.59. The TSX-Venture Composite Index was again even stronger than its bigger counterpart, climbing 4.47 points, or 0.44%, to 1,026.13.

In the States, the Dow Jones Industrial Average got back on the winning side after one down week; advancing 218.41 points, or 1.36%, to 16,321.71. The much-broader S&P 500 printed record highs; rising 23.20 points, or 1.26%, to close at 1,838.63. The tech-rich NASDAQ Composite made it four green weeks in a row; tacking on 44.71 points, or 1.05%, to 4,308.12.

Canadian Economic Data:

* Growth in Canada blew past expectations in the fourth quarter, according to the latest report on Gross Domestic Product from Statistics Canada, perhaps quelling concerns that the Bank of Canada will need to lower interest rates to spur the economy. GDP grew by an annualized 2.9 percent in the last three months of the year, topping economist predictions for a 2.5-percent rise. Moreover, the first and second quarter figures were revised upward (Q1 from 2.3% to 2.9% and Q2 from 1.6% to 2.2%). Stats Can said the reasons for the upward revisions were mostly because of higher-than-estimated output in the oil and crop categories and increasing inventories. On a monthly basis, GDP contracted by 0.5 percent in December. For the full 2013 year, GDP advanced by 2 percent, also beating economist expectations of 1.7-percent growth.

This week, major economic data will include the Producer Price Index on Monday; the Bank of Canada`s interest rate decision on Wednesday; Building Permits and Ivey PMI on Thursday; and Trade Balance and Labor Force Survey on Friday.

U.S. Economic Data:

* The Commerce Department surprised by reporting that new home sales surged in January to their highest level since July 2008, despite unusually harsh weather conditions. The agency said sales jumped 9.6 percent to a seasonally adjusted annual rate of 468,000 units.

Economists predicted a drop to a 400,000 unit pace. December sales were revised upward from a previously reported 414,000-unit annual rate to 427,000, putting pressure on pundits that said the housing industry was losing strength. Sales in the Northeast, an area hit particularly hard by cold weather and snowstorms, shot ahead by 73.7 percent to a seven-month high. New homes in the South were up 10.4 percent, marking their highest level in more than five years.

* The Labor Department reported that initial jobless claims rose by 14,000 to 348,000 in the week ended February 22, exceeding economist forecasts (335,000) and hitting a one-month high. As has become the norm, the harsh winter conditions and a slow housing market were blamed for the rising claims for jobless benefits (and, yes, that seems contradictory to the Commerce Dept. report, but other aspects of the housing market have slowed). The one-month average of new claims, regarded as a better proxy of labor trends because it irons out weekly volatility, was unchanged at 338,250. Initial claims below 350,00 are typically seen as a sign of modest growth in the jobs market by economists.

* The Commerce Department said that durable goods orders, orders for items ranging from toasters to jet airplanes that are meant to last more than three years, declined by 1 percent in January after sinking 5.3 percent in December. Economists called for a 1.7-percent decline in January. Excluding the volatile transportation sector, durable goods orders rose 1.1 percent, topping expectations of a 0.3-percent rise and marking the biggest one-month climb since last May. Pacing the gains were more orders for computers and electronics, military capital goods and fabricated metal products, while orders for machinery, primary metal, appliances and transportation fell. Orders for non-military capital goods excluding aircraft, seen as a barometer for future business spending, increased 1.7 percent, following a contraction of 1.6 percent in December.

* The Commerce Department slashed its estimate of growth in the fourth quarter from its original estimate of 3.2 percent to only 2.4 percent, matching what economists thought the agency was going to do.

The downward revision signals that the U.S. did not enter 2014 with the momentum originally believed. Lower consumer spending, which was trimmed from 3.3 percent expansion to 2.6 percent, was cited for the majority of the decreased growth. Exports apparently weren`t as high as expected either, with expansion cut to 9.4 percent from 11.4 percent, while imports were raised to 1.5 percent, instead of 0.9 percent.

This week, data in the States will include Personal Income and Outlays on Monday; Initial Jobless Claims on Thursday; and International Trade and the Employment Situation report on Friday.

AllPennyStocks.com Corporate Spotlight News:

Our latest US spotlight company, Brazil Minerals, Inc. (OTCQB:BMIX), a diversified Brazilian mining company with revenues from the sale of both polished and rough diamonds, as well as gold, and with ownership interests in gold, titanium, vanadium and iron projects, announced that it had sold its first lot of cut and polished diamonds from its Duas Barras plant to a Brazilian jewelry chain. Normally, diamonds from Duas Barras that are cut and polished are exported to the U.S.

for grading and certification at the Gemological Institute of America (“GIA”). However, this Brazilian jeweler chose to buy them without GIA certification. The buyer is a major regional jeweler, in business since 1944 with 11 retail outlets in Brazil.

Shares of BMIX advanced 20.08 percent during the month of February.

For more information on this Company, click here: (http://www.allpennystocks.com/aps_us/company_spotlights/archives/bmix.asp).

The Month at a Glance – February February was a strong month across the board for equities in North America. As mentioned above, the five major indexes are running at record high levels or levels not seen in quite some time. The Dow Jones Industrial Average was the “weakest” of the bunch, with gains just shy of 4 percent in February, while the junior-heavy TSX-Venture Exchange surged almost 8 percent to break back above 1,000 for the first time in nearly a year.

The gains have come in the face of economic data signaling that both Canadian and US economies slowed at the end of 2013 and through the start of 2014. The markets are taking the data with a grain of snow-melting salt as economists rationalize the soft data as purely a result of the brutal snow and ice conditions that have blasted North America in the past few months. The month actually started terrible for US equities, with the Dow continuing to shed points quickly after losing almost 900 points in January. Apparently the bulls said “enough is enough” and the tide changed course with a spate of upbeat financial reports and a re-thinking of what probably should have been considered a horrific jobs report in the US. The upward march in February included an 8-day win streak for the Nasdaq, an 11-day winning streak for the TSX-Venture and a 12-day winning streak for the TSX Composite.

Investors overlooked a headline number that showed the US only adding 113,000 new jobs in January, after only 75,000 in December, and looked to the unemployment rate falling to a pre-recession low of 6.6 percent from 6.7 percent in December. Importantly, the unemployment figure dropped even as more Americans looked for work, a fact the markets took as a sign of an improving labor market. Canadians received a definitively better report, as Statistics Canada said the nation added 29,000 jobs in January as a result of an increase in full-time work.

Canada`s unemployment rate dropped by 0.2% to 7.0% for the month.

New Federal Reserve Chairwoman Janet Yellen testified in front of the House Financial Services Committee and Senate Banking Committee. It was Yellen`s first such testimony since assuming the top position at the main bank. Investors were eager to hear what Yellen would have to say about the Fed`s stance on tapering its stimulus package now that Yellen is at the helm. In Ben Bernanke`s final months as Fed Chairman, the central bank scaled-back its purchases of Treasuries and mortgage-backed securities by $10 billion per month in January and February, meaning the Fed is now buying $65 billion in assets each month to help support the recovery of the economy. In both testimonies, Yellen made the markets happy by saying that the Fed is there to still support the economy. The FOMC had originally put a target for unemployment of 6.5% as a point that interest rates may start to be pushed upward, but Yellen explained that may have to be adjusted as there is more to the labor market than just the headline figure. The Fed chair also said that the turmoil in emerging markets that spooked the markets in January doesn`t present any immediate risk to the US.

Elsewhere in Washington, the House approved a “no strings attached,” one year suspension of the country`s debt ceiling and sent the measure on to the Senate for their approval. President Obama has already said that he will sign the legislation in its current form, a move that will clear an ongoing impasse on Capitol Hill and eliminate any chance of the US defaulting on its $17.2 trillion in debt until at least March 2015.

Outside of North America, European Central Bank policymaker Peter Praet said that the euro zone may surprise to the upside in 2014 if governments maintain their economic reforms for growth. Praet used the Portuguese economy as an example, saying that the nation`s economy is stabilizing and that government is passing on the stimulus now to households and companies. Europe in general was a market catalyst, including factories having their best month in January since June 2011 as new orders came pouring in, boosting manufacturing and creating jobs. The Bank of Japan said it is going to double the scale of two key programs that lend money to banks in an effort to encourage banks to lend more money and support growth in the world`s third-largest economy. China was a sore spot on many occasions as the nation`s housing market and manufacturing activity grind slower, but the influx of $10.8 billion in foreign direct investment in January showed that the world is still confident in the nation.

“Ice” is a good descriptive word for February. Ice shouldered the blame for all things bad. Traders had ice in their blood to shirk-off any bad data and downward pressure on US equities at the beginning of the month and maintain bullishness throughout the rest of the month.

As we`ve said before, no one really can tell if the weather is completely to blame for signs of slowing economies at this point.

Only spring will bring that answer. Without a clear-cut culprit, investors have chosen to dismiss any signs of weakness and focus on better-than-expected earnings reports, even though some economist say that there are some serious underlying concerns. All things being equal, the bulls walked away a decisive winner in the past 28 days.

Monthly Indices Results:

* S&P TSX Composite: up 3.76% (+514.65 pts.) * TSX-Venture: up 7.87% (+74.85 pts.) * Dow Jones Industrial Average: up 3.97% (+622.86 pts.) * S&P 500: up 4.31% (+76.86 pts.) * NASDAQ: up 4.98% (+204.24 pts.) Monthly Equity Market Snapshot:(All percentages on a monthly basis unless otherwise noted) * Baytex Energy (TSX:BTE, -0.71%) said that it is expanding its operations into the Eagle Ford oil shale basin in Texas by agreeing to acquire Perth, Australia-based Aurora Oil & Gas Ltd. (TSX:AEF, +57.89%) for $2.6 billion. The deal will give Baytex control of an additional 9,000 contiguous acres in the prolific oil region.

* In mega-merger news, Comcast Corp. (NASDAQ:CMCSA, -5.07%), the US`s largest cable company, announced plans to acquire Time Warner Cable (NYSE:TWC, +5.89%), the US`s second biggest cable company, in a $45-billion, all-stock deal. Per the agreement, TWC owners will get 2.875 shares of Comcast for each TWC share they own, valuing the company at $158.82 per share based. The deal is still subject to regulatory approval, as some claim that the merged company will have too dominant of a position in the market. Shares of Charter Communications (NASDAQ:CHTR, -7.47%), a company that had been trying to buy TWC for $130 per share (an offer rejected by TWC), fell on the news.

* Shares of Vancouver-based International Forest Products Ltd.

(TSX:IFP.A, +15.60%) rose after the company agreed to acquire Tolleson Ilim Lumber Company from Russia`s Ilim Timber Continental SA (NYSE:CLR, +8.46%) for $180 million, including working capital. The deal will make International Forest Products a top 5 North American lumber producer based on production capacity.

* Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR, +35.53%) shot ahead after news hit that Coca-Cola (NYSE:KO, +1.00%) bought a 10 percent stake for $1.25 billion. Coke said that it is going to help with the launch of Green Mountain`s new cold drink machine, called the Keurig Cold System, which is expected to be released later this year or early in 2015.

* Telus Corp (TSX:T, +0.77%) overtook BCE, Inc. (TSX:BCE, +3.29%) as Canada`s second largest wireless provider with 7.81 million subscribers to BCE`s 7.805 million. Both Telus and BCE got a lift initially after it was disclosed that they both paid less than Rogers Communications (TSX:RCI.B, -8.64%), the country`s biggest wireless provider, in the government auction of wireless airwaves.

* Specialty pharmaceutical companies Actavis plc (NYSE: ACT, +16.85%) and Forest Laboratories, Inc. (NYSE: FRX, +47.16%) announced that they entered into a definitive agreement in which Activis will buy Forest for about $25 billion in cash and stock. If the merger is completed, the new Actavis is expected to have annual revenues of over $15 billion in 2015.

* In another big buy-out, Facebook (NASDAQ:FB, +9.41%) said it is paying $19 billion in cash and stock to purchase fast-growing mobile-messaging startup WhatsApp. The transaction involves $4 billion in cash, $12 billion in stock and $3 billion in restricted stock that vests over several years. WhatsApp, a startup fairy tale of a global text messaging service, has exploded to more than 450 million users in just five years and says it is adding another million users each day.

Google (NASDAQ:GOOG, +2.94%) had reportedly tried to buy WhatsApp for $10 billion, a price that the company refused.

* HudBay Minerals Inc. (TSX:HBM), +3.39%) said its aiming to acquire the remaining shares of Augusta Resources Corp. (TSX:AZC, +73.00%) that it doesn`t already own in a cash and stock deal worth about $540 million. With the deal, HudBay is primarily looking to take control of Augusta`s flagship Rosemont copper deposit in Arizona.

* Shares of Twitter (NYSE:TWTR, -14.87%) performed a nosedive following the social media company disclosing its first earnings report as a public company. Shares originally plunged more than 25% to eliminate about $9.8 billion in valuation as net loss widened to $511.5 million in the fourth quarter from $8.7 million in the year prior quarter.

* Bombardier (TSX:BBD.B, -10.20%) fell for the third straight month even though the British government said that it plans to award the transportation giant a $1.6-billion contract to supply trains and a depot for London`s transportation system.

* Chelsea Therapeutics International Ltd. (NASDAQ:CHTP, +28.31%) got a boost after the US Food and Drug Administration granted an accelerated approval of the company`s Northera, which is used to treat symptomatic neurogenic orthostatic hypotension.

* Signet Jewelers Limited (NYSE:SIG, +20.11%), the largest specialty retail jeweler in the US and the UK, said that it agreed to acquire smaller rival Zale Corporation (NYSE:ZLC, +43.72%) for $21.00 per share in cash consideration.

* Shares of Onconova Therapeutics (NASDAQ:ONTX, -43.78%) were pounded after the cancer drug developer reported that a late-stage trial of rigosertib failed to meet its primary endpoint of improving median overall survival compared to the control group in treating higher-risk myelodysplastic syndrome patients for which hypomethylating agents (HMAs) had not stopped the disease.

* CVS Caremark (NYSE:CVS, +8.00%) announced that it will no longer sell tobacco products, starting October 1, a health-conscious move that will cost the pharmacy about $2 billion annually in sales.

* Maple Leaf Foods (TSX:MFI, +3.17%) agreed to sell its bakery division Canada Bread Company Ltd. (TSX:CBY, +3.79%) to Mexico`s Grupo Bimbo in a deal worth $1.83 billion or $72 a share. Maple Leaf currently holds 90 percent of Canada Bread`s outstanding shares. Some people are speculating that this is the beginning of Maple Leaf Foods potentially selling its entire business.

Penny Stock of the Day:

The February “Penny Stock of The Day” companies continues to generate solid returns with nine companies notching double digit gains since they were highlighted last month, including four posting gains of more than 38 percent. The winner for the month was Inovio Biomedical Corp.

(NYSE MKT:INO) which rose a stellar 57.37% since we highlighted the chart at $2.51 on February 5, just before it shot up to as high as $3.95. Our runner-up was Sunesis Pharmaceuticals Inc.(Nasdaq:SNSS), which surged 47.90% from our alert price of $4.76 to as high as $7.04.

The Penny Stock of the Day: (http://www.allpennystocks.com/aps_us/stocks2watch/performance/ ) is a premium feature available to AllPennyStocks.com Pro members. With over 20 “Penny Stock of the Day” trading ideas per month along with monthly stock picks and market commentary, its easy to see why this service is seeing so much investor demand. Get the edge over other investors with AllPennyStocks.com Pro, try it free: ( http://www.allpennystocks.com/allpennypro/ ) for the first 30 days…

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