TSX Regains Ground, U.S. Equities Print New Record Highs Yet Again

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http://ymlp312.net/zaZo0P ——————————————————————————– November 9, 2014 Week In Review…


Week In Review For November 3 to November 7, 2014 This week on AllPennyStocks.com:

* Article Published, November 4, 2014: CMS Reimbursement Policy Change Aligns ALR Technologies for Revenue Stage (http://www.allpennystocks.com/aps_us/special-reports/483/CMS-Reimbursement-Policy-Change-Aligns-ALR-Technologies-for-Revenue-Stage.htm) (U.S. Company) * Article Published, November 5, 2014: Pan Orient Energy Shares Jump on Sale of Equity Interest in Thailand Subsidiary (http://www.allpennystocks.com/aps_ca/special-reports/461/Pan-Orient-Energy-Shares-Jump-on-Sale-of-Equity-Interest-in-Thailand-Subsidiary.htm) (CDN Company) * Article Published, November 7, 2014: Crimson Forest Entertainment Signs Agreement with China Film Assist Company for Life Unknown (http://www.allpennystocks.com/aps_us/special-reports/484/Crimson-Forest-Entertainment-Signs-Agreement-with-China-Film-Assist-Company-for-Life-Unknown.htm) (U.S. Company) Video charts for the week:

* November 6th Video Chart for RVLT.The Revolution Lighting Technologies chart broke through resistance around $1.80 on Wednesday on increased volume. The chart faces more resistance just over $2, but we are watching more importantly for the next higher low to be made as the chart tries to uptrend off a bottom. view:

( http://www.youtube.com/watchv=AVbbwf-vD1g ) * November 6th Video Chart for BBD.B:CA.The Bombardier chart made a sharp move over the past three weeks, climbing off a double bottom pattern. After a consolidation off the recent high, the chart looks to be turning again and climbing over the 200 day moving average in a bid to test resistance near $4. view:

( http://www.youtube.com/watchv=PmLI2De8Yxw ) _______________________________________________________________ Featured Link: Try the AllPennyStocks.com Pro newsletter / member area free for 14 days. Members receive exclusive Canadian and U.S.

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_______________________________________________________________ WEEKLY UPDATE – TSX REGAINS GROUND, US EQUITIES YET AGAIN PRINT NEW RECORD HIGHSThe Market View:

After stumbling a bit out of the blocks with some choppy trading on Monday and Tuesday, US equities kicked it in gear with the Dow Jones Industrial Average and S&P 500 making new all-time record highs on Wednesday, Thursday and Friday, including wrapping Friday`s close right near the high of the day to conclude a 16-day run that saw only 3 down days. In Canada, both the benchmark TSX Composite and junior-filled TSX Venture started slow too, but then got it going to notch weekly gains, with the Composite near a one-month high (4 straight green weeks) and the Venture finally breaking a string of nine consecutive losing weeks…

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A Few Things to Consider:

A look at small cap stocks told a slightly different story to the markets last week. While the blue chips swelled to record highs, the Russell 2000 – a benchmark index for small capitalization stocks – muddled sideways to lose 0.02% on the week…

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Thoughts for the Week – Hackers and Stock Prices:

Cyber thieves have been hard at work again lately in what has become a steady stream of high-profile hacks. That said, do investors care Ultimately, the answer seems to be “no” they don`t give a hoot, even if the reality stands that the hacked company could lose some business and incur heavy costs to deal with the data breach…

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Forex & Commodity Snapshot:

* The Canadian Dollar edged lower against the US Dollar, easing by 0.55% on the week to US$0.88272.

* December Gold futures were the most actively traded, nipping down by only $1.80 per ounce, or 0.15%, to $1,169.80.

* December Silver futures were the most actively traded, continuing to take a hit by dropping another $0.392 per ounce, or 2.43%, to $15.714.

* December Copper futures were the most actively traded, eking down by $0.0085 per pound, or 0.28%, to $3.0385.

* December West Texas Intermediate Crude futures were the most actively traded, losing another $1.89 per barrel, or 2.35%, to $78.65.

Equity Market Snapshot:

(All percentages on a weekly basis unless otherwise noted) * The whole saga of the $54-billion takeover attempt by Valeant Pharmaceuticals (TSX:VRX, -4.65%) of Botox maker Allergan (NYSE:AGN, +3.13%) took a turn last week when it was reported that Actavis (NYSE:ACT, +1.31%) is in active negotiations with Allergen for an alternative deal. The talks, for which no real details were disclosed, puts a thumb in the eye of Valeant and its billionaire activist investor Bill Ackman who is pushing hard to get a deal done that Allergan calls “grossly inadequate.” * Ackman found himself in the news for other deals he has his hand in too. Bloomberg reported that Canadian Pacific Railway (TSX:CP, -0.25%), for which Ackman`s Pershing Square Capital is a large shareholder, could be interested in going after Norfolk Southern (NYSE:NSC, +2.54%), the second-largest railway in the eastern U.S.

The merger talks follow Canadian Pacific having negotiations with rival CSX (NYSE:CSX, -0.51%) last month that seemed to go nowhere.

* Ackman likely had a grin on his face when shares of Herbalife Ltd.

(NYSE:HLF, -28.52%), a company Ackman has publicly called a pyramid scheme as he placed big short-side bets, plummeted on a disappointing Q3 earnings report.

* Shares of uranium producer Cameco Corp. (TSX:CCO, +8.53%) surged ahead, as did peers Paladin Energy (TSX:PDN, +7.58%) and Uranerz Energy (TSX:URZ, +22.94%), after Japanese regulators approved the restarting of Sendai nuclear power plant reactors 1 and 2, more than three years after a tsunami and earthquake caused the Fukushima disaster that stalled the county`s nuclear industry and caused nuclear station shutdowns.

* Many companies in the health insurance sectors were down after the Supreme Court agreed to hear a legal challenge to President Obama`s landmark healthcare reform, the Affordable Care Act. If the nation`s top court agrees with the challenge, a key part of Obamacare would be modified to limit the availability of federal health insurance subsidies to millions of people. Tenet Healthcare (NYSE:THC, -14.63%), Humana (NYSE:HUM, -5.96%) and Community Health Systems (NYSE:CYH, -13.03%) all dropped on the news.

* Laboratory Corp. of America Holdings (NYSE:LH, -8.02%), one of the biggest lab testing and diagnostics companies in the US, agreed to pay $105.20 per share in cash and stock to acquire contract research organization Covance Inc. (NYSE:CVD, +25.81%) in a deal valued around $6 billion.

* A combination of better-than-expected third quarter earnings and the Republicans winning the Senate gave a little boost to shares of TransCanada (TSX:TRP, +0.90%). The win in Washington by Republicans raised hopes that TransCanada will finally garner approval for its Keystone XL pipeline in the US.

* Shares of Sapient Corp. (NASDAQ:SAPE, +42.44%) rocketed ahead following French advertising group Publicis SA saying it will pay $3.7 billion in cash for the company, a 44% premium to the value of Sapient the day before the deal was announced.

* In some small cap acquisition news, M2M Communication company Elecsys Corporation (NASDAQ:ESYS, +73.07%) announced that it has entered into a definitive agreement to be acquired by Lindsay Corporation (NYSE:LNN, -1.94%) for $17.50 per share, or $70.5 million in cash. Elecsys will become a wholly owned subsidiary of Lindsay and run by current ESYS management.

* Sears Holdings Corp. (NASDAQ:SHLD, +22.59%) hit a 52-week high after saying it is considering forming a real estate investment trust for up to 300 of its stores in a bid the strengthen its balance sheet.

* The Bank of Nova Scotia (TSX:BNS, -2.23%), Canada`s third biggest lender, said it was slashing about 1,500 jobs and will take C$451 million in restructuring charges in a move to centralize and automate some operations.

* AT&T (NYSE:T, +0.20%) agreed to buy Mexico wireless provider Iusacell from Grupo Salinas for $2.5 billion, including debt. The merger will create a North American network consisting of more than 400 million customers.

Weekly Indices Results:

The S&P TSX Composite Index closed green for the fourth straight week, tacking on 77.51 points, or 0.53%, to 14,690.83. The TSX-Venture Composite Index finally broke a nine-week losing streak, edging ahead by 0.67 points, or 0.09%, to 770.26.

In the States, the Dow Jones Industrial Average kept rising into uncharted territory, making another record high by adding 183.41 points, or 1.05%, at 17,573.93. The much-broader S&P 500 is in the same boat with a new record of its own, gaining 13.87 points, or 0.69%, to close at 2,031.92. The tech-rich NASDAQ Composite moved slowly, but also gained, advancing 1.79 points, or 0.04%, to 4,632.53.

Canadian Economic Data:

(All data from Statistics Canada unless otherwise noted) * Employment rose for the second consecutive month, up 43,000 in October. This pushed the unemployment rate down 0.3 percentage points to 6.5%, the lowest rate since November 2008. Economists were predicting a decrease of 5,000 for October. In the 12 months to October, employment rose by 182,000 (+1.0%), with the growth in September and October of this year accounting for two-thirds of this increase. Compared with October 2013, part-time employment rose by 101,000 (+3.0%) and full-time employment was up 81,000 (+0.6%). Over the same period, the number of hours worked rose slightly (+0.4%).

Provincially, employment rose in Ontario (+37,000), Manitoba (+8,000), Nova Scotia (+4,100) and Prince Edward Island (+900), while it declined in New Brunswick (-2,300).

* Canada`s merchandise imports declined 1.5% to $44.1 billion in September, while exports rose 1.1% to $44.8 billion. As a result, Canada`s trade balance with the world went from a deficit of $463 million in August to a surplus of $710 million in September. The main contributors to the decline in imports were energy products as well as metal and non-metallic mineral products. Increases in exports were reported in 8 of 11 sections, led by motor vehicles and parts, consumer goods as well as metal and non-metallic mineral products.

Imports from the United States were up 0.7% to $29.7 billion in September, led by motor vehicles and parts. Exports to the United States increased 0.8% to $33.7 billion. Canada`s trade surplus with the United States was virtually unchanged from August to September at $3.9 billion.

* Municipalities issued building permits worth $7.5 billion in September, up 12.7% from August, following a 27.3% decrease the previous month. Economists were expecting a gain of only 5% in September. Residential permits advanced 6.1 percent to C$4.43 billion, while non-residential rose 23.9 percent to C$3.07 billion.

The overall increase in September resulted primarily from higher construction intentions for both non-residential and residential buildings in Ontario, which jumped 80.2%.

* The Richard Ivey School of Business said its purchasing managers` index decreased to 51.2 last month from a reading of 58.6 in September, meaning purchasing activity expanded in the month, but at a slower pace than the month prior. Analysts had expected the index to decline to 57.0 in October. A figure above 50.0 indicates industry expansion, below indicates contraction.

This week, major economic data reports will include Housing Starts on Monday; New Housing Price Index on Thursday; and Monthly Survey of Manufacturing on Friday.

U.S. Economic Data:

* The Institute for Supply Management said that its Manufacturing Index rose to 59.0 in October from 56.6 in September, a sign that factory activity is continuing to expand. It was the highest level for the headline figure since March 2011 (although equal to August`s reading) and the 17th straight month of expansion. A reading above 50 indicates expanding activity for manufacturers. The New Orders Index edged up to 64.8 from 64.6, hitting the highest level since May 2004.

Signs of growth were broad, with the Backlog of Orders Index, Inventories Index, Employment Index and Production Index all posting increases over the previous month. On the downside, some concerns were raised over the Prices and Exports Indexes declining, which could reflect sluggishness globally.

* The Commerce Department reported that the US trade deficit widened to $43 billion in September from a downwardly $40 billion in August, marking the widest trade gap since May, underscoring concerns about the global economy. Economists expected the trade deficit to narrow to $40 billion. Imports were up $0.1 billion to $238.6 billion, while exports declined 1.5% to $195.6 billion. Extrapolating data suggests trade added 0.8 percentage points to growth in the third quarter, which is short of the 1.3 percentage points previously estimated by the Commerce Dept. Of particular note in the report, the trade deficit with China hit a record level at $35.6 billion (imports from China hit a record at $44.9 billion), a figure that is argued by many to be a result of China manipulating its currency to keep imports from the US expensive, but exports to the US cheap.

* The Labor Department said that initial jobless claims, a proxy of weekly layoffs, declined by 10,000 to 278,000 in the week ended November 1 from a week earlier. Economists predicted claims to drop only slightly to 285,000. The four-week moving average of claims, regarded by most as a better measure of jobless trends because it smoothes weekly fluctuations, dropped to 279,000, representing the lowest level since April 2000 and signaling the job market continues to gain steam.

* The Labor Department also showed that the US unemployment rate dropped to 5.8% in October from 5.9% in September, marking the lowest level since July 2008. Economists expected a flat month. Economists also predicted that the nation would add 231,000 jobs in October, but the non-farms payroll report showed only 214,000, a healthy number that continues the labor market`s momentum, but significant contraction from 256,000 a month earlier. Meanwhile, the estimates from the previous two months were revised upwardly to show an additional 31,000 jobs. Aside from January, the US has created more than 200,000 new jobs every month in 2014, helping the unemployment rate fall by 0.8% since the year began. The last time the US created 200,000+ jobs for nine straight months was back in 1994.

This week, data in the States will include only Initial Jobless Claims on Thursday; and Retail Sales on Friday.

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