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March 14, 2010
Week In Review...
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Week In Review For
March 8th to 12th, 2010
Canadian Companies mentioned include:
U.S. Companies mentioned include:
This week on AllPennyStocks.com:
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WEEKLY
UPDATE - MARKETS RISE AS INVESTORS MARK ONE YEAR
ANNIVERSARY OF LAST YEAR’S MULTI-YEAR STOCK MARKET LOW
Promising economic news, especially
regarding employment, sent markets in North America
higher over the middle week of March.
The S&P/TSX Composite Index ended the week at 12,013.82,
up 38.68 points, or 0.33% higher than last week. The TSX
Venture Exchange gained 10.36 points or 0.68% on the
week, to close at 1,568.29.
In New York, the Dow Jones Industrials advanced 58.49
points or 0.57% to 10,624.69. The broader S&P 500 moved
11.29 points, or 1.02%, higher, to 1149.99. Finally, the
tech-rich Nasdaq index concluded the week at 2,367.66,
an 18-month high, gaining 41.31 points, or 1.85%.
In economic news, Canadian Mortgage and Housing
Corporation said Monday housing starts in the country
rose a better-than-expected 6.1% in February. New home
construction rose to a seasonally adjusted annualized
rate of 196,700 units from a revised 185,000 units in
January.
Wednesday, the U.S. Commerce Department said wholesale
inventories unexpectedly fell 0.2% in January.
Economists surveyed by Briefing.com had expected a gain
of 0.2%.
The Treasury Department said the government suffered a
record $220.9 Billion U.S. budget deficit in February,
after a shortfall of $42.6 billion U.S. in January. It
was the 17th consecutive monthly deficit and was in line
with what economists had forecast. The figures show the
deficit this year will likely surpass the record $1.4
trillion in the fiscal year that ended in September.
Thursday, StatsCan said Canada posted a much larger than
expected trade surplus of $799 million in January
compared with a revised surplus of $75 million in
December.
Economists expected a surplus of around $100 million in
January, compared to the deficit of $200 million
previously reported for the final month of 2009.
Meanwhile, Canada's merchandise exports grew 0.5% in
January, a slower pace than in the previous four months,
while imports declined 1.7%, Statistics Canada noted.
Friday brought job news north of the border, and
StatsCan said 21,000 jobs were created last month,
better than the 15,000 that had been expected by many
economists, while the unemployment rate fell by one
percentage point to 8.2% from 8.3%.
Stateside, the Commerce Department's monthly report on
retail sales showed a 0.3% increase. That surprised
economists who expected sales to fall 0.2% in February,
according to Briefing.com, following a 0.5% dip in
January.
Also, the Reuters/University of Michigan's index of
consumer sentiment fell to 72.5 in early March from 73.6
in the previous month. Economists had expected the index
to climb to 74.
Tuesday brought the one-year anniversary of what many
consider to be the bear-market low. On that day, the Dow
and S&P 500 closed at 12-year lows and the Nasdaq closed
at six-year lows. Between March 9 and the 2010 rally
high hit on Jan. 19, the S&P 500 gained 70%, the Dow
gained 64% and the Nasdaq gained 44%.
Next week’s economic calendar for Canada promises new
motor vehicle sales on Monday, manufacturing numbers
Tuesday, wholesale trade on Wednesday, international
transactions in securities Thursday, while retail trade
and inflation (Consumer Price Index) conclude the week
on Friday.
In the States, building permits and housing starts
numbers come up for scrutiny on Tuesday, wholesale
inflation (Producer Price Index) on Wednesday, with
retail inflation (Consumer Price Index) and leading
indicators arrive on Thursday.
Among stocks on which we shone the spotlight this week,
Silvermex Resources Ltd. (TSX-Venture:SMR), slipped back
two cents or 4.7% to 41 cents, despite a high for the
week of 45.5 cents. Sensio Technologies Inc.
(TSX-Venture:SIO), its compatriot, positively soared,
gaining 57 cents, or 32.95%, to close Friday at $2.30,
well off its weekly high of $2.64, but impressive
nonetheless.
On the other side of the border, Cadence Financial Corp.
(Nasdaq:CADE) gained seven cents, or 4.5%, to $1.62,
while ARYx Therapeutics, Inc. (Nasdaq:ARYX) stepped
forward one penny to $1.19, despite a peak at $1.34
during the week. The stock gained 0.8%.
If you’d invested in all four stocks and held tight
during the week, you’d have seen an average gain of
8.4%. However, if you’d bought all four and sold at
their peaks, your gain would have been 20.4%.
Next week, the first on Daylight Savings Time, look for
bright, shiny performances from junior miners Northern
Freegold Resources Ltd. (TSX-Venture:NFR) and Melkior
Resources Inc. (TSX-Venture:MKR).
In the land of Uncle Sam, we feature health-care firm
Patient Access Solutions Inc. (Pink Sheets:PASO) and
tech whiz Sanswire Corp. (OTCBB:SNSR).
A recent high flyer for us, American Petro-Hunter, Inc.
(OTCBB:AAPH) has come down a bit in the last two weeks.
The stock was starting to show exhaustion among bulls
and has since retraced about 20%. Over the last few
days, the drops have slowed dramatically and the stock
even closed up on Friday. From a technical standpoint,
the stock has dropped from overbought levels to a
neutral level. The Company announced more significant
news this week, and with their PR machine revving at
full throttle, it could very well be the catalyst for a
new up-trend. Putting aside the recent drop in prices,
investors were first introduced to AAPH back on Feb 8,
2010, when the price was at $0.67, as such, these
investors would still be sitting comfortably up 36%.
Another stock that we would like to bring back to
people’s attention is a stock that we first spotlighted
back in the beginning of 2009, avVaa World Health Care
Products Inc. (Pink Sheets:AVVH). AVVH has had quite the
roller coaster of a year. It was first spotlighted back
on March 26th, 2009 at a meager price of $0.001. From
our first introduction of the stock, it lifted off to
just past $0.01, giving investors returns in the 100’s
of percent range, but then headed lower only to make
another major run at the end of last summer when it hit
its 52 week high of $0.024. Since that occurred, tough
times ensued the Company and while it has still not
solved all of its outstanding issues, the stock has been
creeping up since the start of February and finds itself
up over 100% in just over 6 weeks.
While we are not sure what is happening with this stock,
the technical outlook is looking very positive. The
stock has not only recently experienced a moving average
crossover but the MACD also recently did a Bullish
Centerline Crossover, both highly reliable bullish
indicators. With many unknowns surrounding the Company,
the best thing for investors to do at this point is
simply continue to watch for any developments. There
hasn’t been any new developments as of yet, but the
technicals could be pointing to something impending as
interest has been building for over six weeks and the
stock is now firmly in a bullish trend with likely no
end to the trend direction in the short term.
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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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