BAYSTREET RSS FEED http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2014 Baystreet.ca Inc. All rights reserved. 9/2/2014 1:16:15 PM <![CDATA[PanTerra Resource "BUY"]]>Tue, 02 Sep 2014 07:32:25 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?19194<![CDATA[Gold slips ahead of holiday weekend]]>Fri, 29 Aug 2014 12:00:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=519Friday, August 29, 2014


Gold slips ahead of holiday weekend


Gold futures on Friday retreated from their highest settlement price in a week, slipping ahead of the holiday weekend as investors await another batch of U.S. economic data.

Gold for December delivery was down $4.40, or 0.3%, to $1,286.00 U.S. an ounce. September silver lost nine cents, or 0.5%, to $19.44 U.S. an ounce. Bullion rose 0.4% in August, and gained 0.6% on the week.

A day earlier, gold prices advanced as investors moved away from stocks and sought safe havens in the face of the escalating conflict in eastern Ukraine. The conflict in Ukraine has pushed palladium prices higher, as Russia is one of the world’s top producers of the precious metal.

On Friday, however, gold was under pressure alongside the euro and declining inflation in the euro-zone in August.

Gold is often sought after as a protection against inflation.

Elsewhere in metals trading, September silver declined nearly 14 cents, or 0.7%, to settle at $19.398 U.S. an ounce on Comex. Silver lost nearly 5% in August, and rose less than 0.1% on the week.

October platinum slipped 50 cents to settle at $1,424.70 U.S. an ounce, while December palladium advanced $11.45 to $909.55 U.S. an ounce.

Concerns about supplies hurled palladium to a 13-year high on Friday. Russia produces nearly 40% of palladium output, with South Africa a close second with 38%, according to some experts.

Ukrainian separatists, who Western powers say are backed by Russia, advanced toward a key port city, according to reports Friday.

Meanwhile, high-grade copper for September delivery which is coming off a third-straight session in the red, climbed one cent to $3.1350 U.S. a pound.

]]>
<![CDATA[U.S. taxi service banned in Germany]]>Tue, 02 Sep 2014 12:00:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=481Tuesday, September 02, 2014

U.S. taxi service banned in Germany


A regional German court has issued a temporary injunction against Uber, the U.S.-based online chauffeur service, saying its drivers lacked necessary commercial permits, potentially barring the company from operating in cities across Germany.

San Francisco-based Uber, which allows users to summon taxi-like services on their smartphones, has faced regulatory battles and court injunctions from its early days, even as it has expanded rapidly into roughly 150 cities around the world.

In its ruling, the Frankfurt Regional Court said the company could no longer offer its Uber and UberPop phone apps to connect drivers with passengers, stating that Uber's network of drivers lacked the necessary commercial licenses to pick up passengers. German law only allows drivers to pick up passengers without a commercial license if the driver charges no more than the operating cost of the trip.

Because Uber stands to take a cut of any charges, the court held it liable and issued an injunction against the service.

Legal experts said the ruling applies nationwide unless Uber appeals and subsequent decisions limit the scope of the ban. An Uber spokesman said the company was working on a response but had no immediate comment. Founded in 2009 and valued at $18.2 billion U.S. after its latest funding round in June, Uber Technologies contends that it is an electronic marketplace that connects drives with customers, not a transportation service itself.

Drivers must carry a valid driving license, have necessary local permits and undergo background checks before they pick up passengers, it says. The suit was brought by Taxi Deutschland, a Frankfurt-based consortium of taxi companies operating in major cities across Germany. Taxi Deutschland offers its own taxi-hire apps for smartphones.

The ruling drew praise from other industry groups including Taxi.eu which said it put Uber drivers on a "level playing with the 150,000 drivers it counts in its pan-European network.

]]>
<![CDATA[Economic Calendar]]>Tue, 02 Sep 2014 01:16:15 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125September 2014
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Wednesday, August 06, 2014 Canadian international merchandise trade: 8:30am June Canada's merchandise exports rose 1.1% in June, while imports declined 1.8%. As a result, Canada's trade surplus with the world widened from $576 million in May to $1.9 billion in June. Canada's merchandise exports advanced 3.5% and imports grew 1.6% in May. As a result, Canada's trade deficit with the world narrowed from $961 million in April to $152 million in May.
Thursday, August 07, 2014 IVEY purchasing managers index: 10:00am July Western University's Ivey Purchasing Managers Index (PMI) by the end of July 2014 stood at 54.1, compared to 46.9 in June, and 48.4 in July 2013. Western University's Richard Ivey School of Business said its Purchasing Managers Index (PMI) by the end of June 2014 stood at 46.9. The corresponding Ivey PMI figure for May 2014 was 48.2, compared to 55.3 for June 2013, and 49.0 for June 2012
Thursday, August 07, 2014 Building Permits: 8:30am June Contractors took out building permits worth $8.0 billion in June, up 13.5% from May. Statistics Canada reported that municipalities issued building permits worth $6.9 billion in May, up 13.8% from April. This followed a 2.2% rise in the previous month.
Friday, August 08, 2014 Labour Force Survey: 7:00am July Employment rose by 42,000 in July, the result of an increase in part-time work (+60,000). The unemployment rate declined 0.1 percentage points to 7.0%. Employment was little changed in June and the unemployment rate rose by 0.1 percentage points to 7.1% as more people were searching for work.
Monday, August 11, 2014 Housing Starts: 8:15am July Canada Mortgage and Housing Corp. says housing starts increased to a seasonally adjusted annual pace of 189,784 in July, compared with 185,952 in June. Canada Mortgage and Housing Corporation said that the seasonally adjusted annual rate of housing starts rose to 198,200 units last month from May’s total of 197,000 units.
Thursday, August 14, 2014 New Housing Price Index: 8:30am June The New Housing Price Index rose 0.2% in June, up slightly from the 0.1% gain observed in May. The New Housing Price Index rose 0.1% in May, following five months of gains ranging from 0.1% to 0.3%.
Friday, August 15, 2014 Monthly Survey of Manufacturing: 8:30am June Manufacturing sales rose 0.6% in June to $52.0 billion, the fifth gain in six months. Manufacturing sales rose 1.6% to $51.6 billion in May, the fourth increase in five months.
Friday, August 15, 2014 CREAstats - MLS sales: 8:30am July The Canadian Real Estate Association reported Friday morning that the number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations rose 0.8% on a month-over-month basis in July 2014, marking the sixth consecutive monthly increase and the highest level for sales since March 2010. The Canadian Real Estate Association reported this morning that national home sales activity edged up 0.8% on a month-over-month basis in June 2014. Actual (not seasonally adjusted) activity stood 11.2% above June 2013 levels.
Monday, August 18, 2014 Canada's International Transactions in securities: 8:30am June Foreign investors reduced their holdings of Canadian securities by $1.1 billion in June, following investment totaling $31.6 billion over the previous two months. Meanwhile, Canadian investors continued their moderate investment in foreign securities by adding $2.0 billion to their portfolios in June. Foreign investors acquired $21.4 billion of Canadian securities in May, mainly government bonds. Canadian investors added $2.0 billion of foreign securities to their holdings in the month, largely non-U.S. instruments.
Wednesday, August 20, 2014 Wholesale trade: 8:30am June Wholesale sales rose 0.6% to $53.0 billion in June, a third consecutive increase. Wholesale sales rose 2.2% to $52.6 billion in May, a second consecutive increase.
Thursday, August 21, 2014 Employment Insurance: 8:30am June Following a decline in May, the number of people receiving regular Employment Insurance benefits was little changed in June at 501,900. In May, the number of people receiving regular Employment Insurance benefits fell by 12,100 or 2.3%, after a year of little change. The total number of beneficiaries for the month was 504,100.
Friday, August 22, 2014 Retail Trade: 8:30am June Retail sales rose for the sixth consecutive month, up 1.1% to $42.6 billion in June. Retail sales rose 0.7% to $42.0 billion in May.
Friday, August 22, 2014 Consumer Price Index: 7:00am July Consumer prices rose 2.1% in the 12 months to July, following a 2.4% increase in June. On a seasonally-adjusted monthly basis, the Consumer Price Index decreased 0.1% in July, after rising 0.3% in June. Consumer prices rose 2.4% in the 12 months to June, following a 2.3% increase in May. On a seasonally adjusted monthly basis, the Consumer Price Index increased 0.3% in June, after rising 0.2% in May.
Friday, August 29, 2014 Industrial Product Price Index: 8:30am July The Industrial Product Price Index declined 0.3% in July, mainly because of lower prices for energy and petroleum products. The Industrial Product Price Index edged down 0.1% in June, mainly because of lower prices for motorized and recreational vehicles.
Friday, August 29, 2014 Raw Materials Price Index: 8:30am July The Raw Materials Price Index declined 1.4%, largely as a result of lower prices for crude energy products. The Raw Materials Price Index rose 1.1%, largely as a result of higher prices for crude energy products.
Friday, August 29, 2014 GDP: 8:30am June Real gross domestic product (GDP) rose 0.8% in the second quarter, following a 0.2% increase in the first quarter. This was the largest quarterly gain since the third quarter of 2011. On a monthly basis, real GDP by industry increased 0.3% in June. Real gross domestic product rose 0.4% in May, a fifth consecutive monthly increase. The output of service industries grew 0.4% and the output of goods-producing industries increased 0.5%.
]]>
<![CDATA[More workers taking pay in bitcoin]]>Tue, 02 Sep 2014 12:00:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1202More workers taking pay in bitcoin


A small but growing — and surprising — number of workers are rejecting Canadian dollar salaries for bitcoin, according to a Waterloo, Ont., payroll firm.

Wagepoint CEO Shrad Rao said his firm came up with the cryptocurrency payment option in November last year as a side project and did not expect any take-up.

But as the online currency gained popularity this year, he said, employees from 10 firms have signed up for the bitcoin option, and many more are asking about it.

Rao said the firms are overwhelmingly technology companies, whose workers have higher interest in new innovations and tend to dabble more.

In addition to Canadian interest, he said gets about five inquiries for bitcoin payment per month from the United States, where Wagepoint also operates, although it has not yet launched such an option in that country.

Bitcoin, a decentralized currency, was launched in 2009 by a yet unknown person or group. It gained mainstream attention in 2013, and subsequent adoption caused one bitcoin to rise to a high of $1,000.

But most brick-and-mortar shops still do not recognize bitcoin as currency, and neither does the Canadian government, which in June ruled bitcoin is property.

Canada Revenue Agency spokesman Noel Carisse said paying employees in bitcoin means paying them in goods — "a barter transaction."

"The goods — the bitcoin, in the case of digital currency — must be valued and reported in Canadian dollars," he said in an e-mail.

"The employee would then include the appropriate amount on their tax return for the year as employment income. Any tax payable would have to be paid in Canadian dollars."

For Wagepoint, however, it works differently. Rao said for tax purposes, employees are still being paid with Canadian dollars on paper.

He said workers can have all or part of their wages in bitcoins, and taxes are taken from the Canadian dollar salary before the remainder is converted.

But the payment system will not likely have mass adoption until there is regulation and widespread acceptance for bitcoin, some experts say.

]]>
<![CDATA[Japan at 7-mo. high]]>Tue, 02 Sep 2014 12:00:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=1946Tuesday, September 02, 2014

Japan at 7-mo. high



Japan stocks climbed on Tuesday to its highest closing level in seven months, with a softer yen helping boost export-related shares.

The Nikkei 225 in Tokyo hiked 192 points, or 1.2%, to 15,668.60. Meanwhile, the yen declined against the U.S. dollar, trading at ¥104.854 from ¥104.354 a day ago.

The Hang Seng Index in Hong Kong faded 3.07 points to 24,749.02.

Exporters posted substantial gains, as camera maker Olympus Corp. advanced 3%, console maker Nintendo Co., Ltd. rose 2.9%, IT-services provider Fujitsu Ltd. added 2.8%, electronics giant Hitachi, Ltd. improved by 2.3%, and PC manufacturer NEC Corp. tacked on 2.2%.

In other markets;

The Shanghai CSI 300 index gained 31.14 points, or 1.3%, to 2,386.46

In Singapore, the Straits Times STI Index prospered 14.17 points, or 0.4%, to 3,328.30

In Taiwan, the Taiex Index slid 113.34 points, or 1.2%, to 8,339.72

In Korea, the Kospi index stepped back 16.28 to 0.8%, to 2,051.58

In New Zealand, the NZX 50 moved up 6.37 points, or 0.1%, to 5,221.77

Australia’s S&P/ASX 200 strengthened 28.68 points, or 0.5%, to 5,658.51


]]>
<![CDATA[Ruble at rock bottom ]]>Tue, 02 Sep 2014 12:00:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1203Russia's currency has hit its lowest level ever against the U.S. dollar as the risk of new Western sanctions threatens more economic damage.

The European Union said Saturday that it was preparing to issue new sanctions as soon as this week in response to signs that Russia had sent troops into Ukraine.

Russia has denied that its armed forces are active in the country.

The ruble slid 0.5% against the dollar Monday, taking its losses for the year to about 13%. One U.S. dollar will now buy traders about 37.5 rubles.

The sliding currency will make life harder for Russians by raising the cost of imports, which could further fuel inflation that has already risen to about 7.5%.

Russia's central bank has hiked interest rates three times since March to tame inflation and defend the ruble, but may find it politically tricky to raise the cost of borrowing still further.

Russia's slowing economy has been brought to the brink of recession by the crisis, which has scared off investors and depressed consumer sentiment.

Sanctions, and the threat of more to come, are beginning to hurt Russian and Western companies.

The chill in trade -- including a Russian ban on many European food imports -- also threatens to push Europe's economy into reverse.

Euro-zone growth evaporated in the second quarter and the latest data for August showed activity in the region's manufacturing sector hit a 13-month low.

]]>
<![CDATA[IPO Center - TSX-V]]>Mon, 13 Jan 2014 12:00:00 ESThttp://baystreet.ca/articles/ipo_tsx.aspx?id=10023 Company Name Ticker Date RepliCel Life Sciences Inc. RP 13-01-2014 Cleantech Capital Inc. YES.P 14-01-2014 Jet Metal Corp. JET 20-01-2014 Reliance Resources Limited RI 22-01-2014 West African Resources Limited WAF 24-01-2014 Westcap Investments Corp. WI 12-02-2014 Sonde Resources Corp. SOQ 19-02-2014 QMX Gold Corporation QMX 20-02-2014 Knight Therapeutics Inc. GUD 28-02-2014 PC Gold Inc. PKL 11-03-2014 Silver Predator Corp. SPD 13-03-2014 Baja Mining Corp. BAJ 17-03-2014 IOU Financial Inc. IOU 17-03-2014 Rockefeller Hughes Corporation RHC 20-03-2014 Chrysalis Capital IX Corporation NYN 28-03-2014 Northern Sun Mining Corp. NSC 16-04-2014 Cliffside Capital Ltd. CEP 17-04-2014 Till Capital Ltd. TIL 24-04-2014 Redzone Resources Ltd. REZ 28-04-2014 Alabama Graphite Corp. ALP 05-05-2014 Jaguar Financial Corporation JFC 21-05-2014 Lingxian Capital Inc. LXC.P 23-05-2014 Tribute Pharmaceuticals Canada Inc. TRX 27-05-2014 Dataminers Capital Corp. DMC.P 29-05-2014 Transeastern Power Trust TEP.DB 02-06-2014 X-Terra Resources Inc. XTT 03-07-2014 Starlight U.S. Multi-Family (No.3) Core Fund SUS.UN 09-07-2014 Searchtech Ventures Inc. MJN.P 16-07-2014 Whiteknight Acquisitions III Inc. WKA 21-07-2014 Petro-Victory Energy Corp. VRY 24-07-2014 Geovic Mining Corp. GMC 28-07-2014 01 Communique Laboratory Inc. ONE 31-07-2014 Leucrotta Exploration Inc. LXE 19-08-2014 Cluny Capital Corp CLN 20-08-2014 Maestro Capital Corporation MCP 21-08-2014 Manera Capital Corp. MEA 28-08-2014 Mediterranean Resources Ltd. MNR 02-09-2014]]><![CDATA[Markets down to begin Sept.]]>Tue, 02 Sep 2014 12:00:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=3549Tuesday, September 02, 2014

00:33 PM EST
Markets down to begin Sept.

Health-care higher, gold loses




Equity markets in Canada’s biggest centre slipped on Tuesday as falling oil and gold prices hurt the shares of energy companies and gold miners.

The S&P/TSX composite index remained negative 20.51 points to greet noon at 15,605.22.

The Canadian dollar faded 0.46 cents at 91.54 cents U.S.

Markets on both sides of the border were shuttered for Labour Day.

The retreat comes in the broader context of a climbing index hitting fresh record highs often during three straight months of gains.

Among the heaviest weights on the resource-rich index was Suncor Energy, down 1.7% at $43.58, and Canadian Natural Resources, off 1.7% at $46.54.

Goldcorp lost 3.7% to $29.39 and Barrick Gold shed 2.2% to $57.00, while smaller miners also pulled back.

Plane and train maker Bombardier gave up 1.1% to $3.62, adding to a plunge on Friday after a Swedish carrier backed out as the first customer to start commercial flights with its new CSeries jet.

ON BAYSTREET

The TSX Venture Exchange fell 8.33 points midday to 1,015.66.

Nine of the 14 Toronto subgroups were higher, led by health-care, ahead 1.2%, while information technology clicked 1.1% higher, and industrials were stronger 0.8%.

The five laggards were weighed mostly by gold, losing 2.6% of its luster, energy, 1.6% less energetic, and materials, sliding 1.4%.

ON WALLSTREET

The U.S. stock market pulled back Tuesday, but Staples jumped after an upgrade and Apple, Tesla and Regeneron also climbed.

The Dow Jones Industrials shed 38.60 points to 17,059.85.

The S&P 500 dipped 3.12 points to 2,000.25. The NASDAQ gained 8.94 points to 4,589.21.

Staples jumped 7%, performing best among S&P 500 stocks, while Regeneron Pharmaceuticals Inc. climbed 3.6% for the second-best gain.

Staples climbed after Credit Suisse hiked its rating for the retailer to outperform from neutral. Regeneron advanced following encouraging data on a cholesterol-lowering drug, according to a Dow Jones Newswires report.

Apple gained 0.7% and hit another intraday record, as buzz builds ahead of a Sept. 9 event at which the highly anticipated iPhone 6 and possibly the iWatch are expected to be unveiled.

Tesla Motors jumped 4.8%, also hitting an intraday record, as Stifel Nicolaus hiked its rating for the maker of electric cars to buy and set a $400 U.S. price target.

Wynn Resorts fared worst among S&P 500 stocks, losing 5.4%. Casino operators dropped following news of an August decrease in gambling revenue in Macau.

The day’s data highlight is the Institute for Supply Management manufacturing reading, and that figure came in at 59.0%, easily topping the consensus forecast from economists polled by MarketWatch.

U.S. manufacturing companies grew in August at the fastest pace since March 2011, according to the ISM report.

Construction spending jumped 1.8% in July, also above expectations, and the final reading for Markit’s U.S. manufacturing purchasing managers’ index was 57.9 in August, down slightly from the flash reading of 58.0.

Prices for 10-year U.S. Treasuries dropped off sharply, raising yields 2.41% from Friday’s 2.34%. Treasury prices and yields move in opposite directions.

Oil prices dipped $2.25 to $93.71 U.S. a barrel.

Gold prices fell $22.50 to $1,264.90 U.S. an ounce.





]]>
<![CDATA[Stocks in Play: Sama Resources Inc.]]>Tue, 02 Sep 2014 09:54:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=16363Tuesday, September 02, 2014

09:54 AM EST - Sama Resources Inc. : announced a new mineralized surface discovery showing grading of up to 2.11% nickel and up to 1.89% copper (tested using hand held Niton XRF analyzer). This newly discovered mineralized sector, Bounta, is located nine kilometers southwest of the Samapleu nickel and copper deposits at the Samapleu project, Ivory Coast, West-Africa. The discovery outcrop shows blocks of mineralized pyroxenite with high concentrations of visible and altered nickel and copper bearing sulfide. Sama Resources Inc. (V.SME) shares were unchanged at 0.27.

]]>
<![CDATA[Stocks in Play: ShaMaran Petroleum Corp. ]]>Tue, 02 Sep 2014 09:54:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=16364Tuesday, September 02, 2014

09:55 AM EST - ShaMaran Petroleum Corp. : reported the resumption of drilling operations on the Atrush block in the Kurdistan Region of Iraq on August 30. Drilling operations at the Chiya Khere-8 development well were suspended for a total of 21 days by TAQA (the Abu Dhabi National Energy Company), operator of the Atrush Block, as a precautionary measure, following recent regional developments. ShaMaran Petroleum Corp. (V.SNM) shares were up $0.04 at 0.38.

]]>
<![CDATA[Stocks in Play: Orca Gold Inc. ]]>Tue, 02 Sep 2014 09:54:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=16365Tuesday, September 02, 2014

09:57 AM EST - Orca Gold Inc. : advised that it now has made the third and final option payment to secure an effective 70% interest in the Block 14 mineral license in Sudan. Orca Gold Inc. (V.ORG) shares were down $0.02 at 0.56.

]]>
<![CDATA[Stocks in Play: OrganiGram Holdings, Inc. ]]>Tue, 02 Sep 2014 09:54:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=16366Tuesday, September 02, 2014

09:58 AM EST - OrganiGram Holdings, Inc. : announced that it has shipped its first orders of medical marijuana to customers. The product being shipped was sent to RPC Laboratory to undergo product testing as per Health Canada guidelines. The Company has received the results of said testing that confirm the product to be in conformance with the Health Canada Marihuana for Medical Purposes Regulations. OrganiGram Holdings, Inc. (V.OGI) shares were unchanged at 2.25.

]]>
<![CDATA[Stocks in Play: Iplayco Corporation Limited]]>Tue, 02 Sep 2014 09:54:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=16367Tuesday, September 02, 2014

11:38 AM EST - Iplayco Corporation Limited : announced that it has entered into four new sales agreements amounting to $2.7 million to design, manufacture and install large indoor play structures for customers in North America and the Middle East. Iplayco Corporation Limited (V.IPC) shares were unchanged at 1.2.

]]>
<![CDATA[Stocks in Play: Aldridge Minerals Inc]]>Tue, 02 Sep 2014 09:54:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=16368Tuesday, September 02, 2014

11:39 AM EST - Aldridge Minerals Inc : announced today the filing of its unaudited consolidated financial statements for the six months ending June 30, 2014. The company sustained a net loss of $1.7 million, compared to a net loss of $5.1 million in the prior-year half. Aldridge Minerals Inc (V.AGM) shares were up $0.05 at 0.34.

]]>
<![CDATA[Stocks in Play: Pacific Insight Electronics Corp. ]]>Tue, 02 Sep 2014 09:54:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=16369Tuesday, September 02, 2014

11:42 AM EST - Pacific Insight Electronics Corp. : announced today that it has obtained credit facilities from two North American banks, for a total of $22,000,000. The proceeds will be used to finance working capital, new equipment purchases, anticipated future growth, and to repay certain existing debt. Pacific Insight Electronics Corp. (T.PIH) shares were unchanged at 4.64.

]]>
<![CDATA[Jones Soda CEO Jennifer Cue Insider Buying Makes Her Largest Shareholder in Company]]>Tue, 26 Aug 2014 05:48:33 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=781Tuesday, August 26, 2014

Jones Soda CEO Jennifer Cue Insider Buying Makes Her Largest Shareholder in Company



There are websites devoted to tracking the activity of insiders that try to give investors an edge on opportune times to take or exit positions. Gleaning exactly why an insider is buying or selling can be tricky and sometimes misleading, but for those that have honed their skills over the years to better discern motivating forces, following insider action can often be quite profitable. As noted in a CNN Money article in June, Catalyst Funds’ manager David Miller says that undervalued blue chip stocks tend to perform well after insider buying takes place. Catalyst maintains several portfolios that are centered on heavy insider buying.

Investors love seeing the faith of insiders laying out their own cash to buy shares of their company, regardless of exchange. This is evident in Tuesday trading of premium beverage maker Jones Soda Co. (OTCQB: JSDA).

Jones stock has languished in recent years, to say the least, losing more than half of its value in the past 52 weeks amid a larger fall that has seen the stock sink from over $1.50 per share early in 2011. The company has been working on restructuring, while also trying to increase marketing through campaigns with companies such as Fiat, as we noted last year.

Jones, which makes classic flavor sodas and those not-so-classic, such as the limited edition Peanut Butter and Jelly Soda, said that it completed its restructuring process during the second quarter and is now shifting its efforts from simply stabilizing to growth and profitability. Jones increased spending during the quarter on what it called "mission critical" investments, which widened net loss to $429,000, or a penny a share, from $95,000, or nil a share, in the year prior quarter. More spending also sapped margins (from 28.8% of sales to 22.5%), as revenue contracted to $3.9 million in the quarter from $4.3 million in the year earlier period.

It’s not uncommon to see sales decline, margins to tighten and net loss to expand amid restructuring, but investors will be watching more closely now that that the company is supposedly re-aligned.

Chief Executive Officer Jennifer Cue is putting her money where her mouth is, announcing today that she has increased her personal stake in Jones Soda. Ms. Cue added another 1.8 million shares through the cash exercise of vested stock options at 29.04 cents each, resulting in $522,720 in cash to the company. Since rejoining the company in June 2012, she has invested a total of $581,000 in JSDA and now owns a total of 2,106,360 shares, making her the largest shareholder in the company.

"I’m all in," said Ms. Cue in a statement Tuesday. "Our employees, shareholders, distributors and new retail and corporate partners understand my drive to create profitable relationships. Our lineup is now in place. We have a powerful brand with untapped market potential, an updated product line that matches today’s consumer preferences, and a stronger force of distributors that are better suited for what we want to accomplish at retail and on fountain," she added.

Wall Street seemed to relish in Cue’s investment. Shares roared ahead 24.24% in Tuesday trading to end the day at 41 cents.

]]>
<![CDATA[U.S. dollar exhibits broad strength ]]>Tue, 02 Sep 2014 09:43:53 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=19202
Traders expect a range today of 1.0870 to 1.0940 Canadian

The euro is weak on soft outlook for growth going into Thursday’s European Central Bank policy meeting. On the data front, manufacturing Purchasing Managers' Index dropped to a 13-month low of 50.7. This should keep the euro under pressure. For the ECB, expectations for more stimulus are being restrained by the need to see the full implementation of its policies announce in June first. The euro opens at 1.4317 Canadian.

Experts expect a range today of 1.4243 to 1.4344 Canadian

The Great British pound is weak this morning, down 24 basis points from yesterday’s close. Mixed data were released as yesterday’s Manufacturing PMI dropped to a 15-month low printing at 52.5, while Construction PMI overperformed, printing at 64 rather than the 61.5. Bank of England policy decisions will come on Wednesday where they are expecting to leave rates unchanged at 0.50%. The GBP is trading at 1.8036 Canadian.

The Australian dollar is weak this morning, dropping around 17 bps from yesterday’s close, continuing its drop from last week. Building approvals printed better than forecast yesterday and there was no change in tone or rates from Reserve Bank of Australia’s policy decision overnight. Market seems to be more focused on external factors like China’s soft pace growth. The Aussie is currently trading at 1.0125 Canadian.

The New Zealand dollar is underperforming this morning, weakening around 30 bps from yesterday’s close. The kiwi is trading at 0.9085 Canadian.

Data Releases

CAD: No data

AUD: RBA Rate Statement + Cash Rate + GDP

EUR: No data

GBP: Construction PMI

JPY: No data

NZD: No data

USD: ISM Manufacturing PMI]]>
<![CDATA[Top Analysts Action: PKD, ZU, TSLA, SD, COG ]]>Tue, 02 Sep 2014 12:03:37 ESThttp://www.baystreet.ca/articles.aspx?id=27633<![CDATA[Nike (NKE) grows as Durant derby heats up ]]>Tue, 02 Sep 2014 10:49:06 ESThttp://www.baystreet.ca/articles.aspx?id=27632<![CDATA[Under Armour (UA) hikes on competition with Nike with Durant]]>Tue, 02 Sep 2014 10:47:28 ESThttp://www.baystreet.ca/articles.aspx?id=27631<![CDATA[Family Dollar (FDO) gains on improved Dollar General offer]]>Tue, 02 Sep 2014 10:46:17 ESThttp://www.baystreet.ca/articles.aspx?id=27630<![CDATA[Dollar General (DG) gains after offer for Family Dollar]]>Tue, 02 Sep 2014 10:44:50 ESThttp://www.baystreet.ca/articles.aspx?id=27629<![CDATA[Apple (AAPL) gains ahead of iPhone launch]]>Tue, 02 Sep 2014 10:43:28 ESThttp://www.baystreet.ca/articles.aspx?id=27628<![CDATA[Finisar (FNSR) falls on downgrade]]>Tue, 02 Sep 2014 10:39:51 ESThttp://www.baystreet.ca/articles.aspx?id=27627<![CDATA[Newmont Mining (NEM) down on Indonesia deal]]>Tue, 02 Sep 2014 10:14:47 ESThttp://www.baystreet.ca/articles.aspx?id=27626<![CDATA[Elbit Imaging (EMITF) continues slump]]>Tue, 02 Sep 2014 10:13:23 ESThttp://www.baystreet.ca/articles.aspx?id=27625<![CDATA[Conns (CONN) falters with Q2 earnings, forecast]]>Tue, 02 Sep 2014 10:11:57 ESThttp://www.baystreet.ca/articles.aspx?id=27624