Toronto, Ontario--(Newsfile Corp. - February 10, 2014) - All the major U.S. and Canada equity indices ended on a positive note last week, breaking their three week losing streak despite weak U.S. economic data. The January manufacturing and auto sales data were disappointing, however, the weekly report on initial jobless claims showed a sharp decline. The U.S. unemployment rate moved down to 6.6% from 6.7% . The mid cap and small cap stocks ended the week lower, hurt by their greater vulnerability to weaker domestic growth signals. Meanwhile, the Canadian markets zoomed Friday after Statistics Canada reported creation of 29,400 jobs during January, higher than the economists' estimation of 20,000, while the unemployment rate slid to 7.0% from 7.2% . Gold rallied 1.8% last week ending Friday at $1,267.27 an ounce.
U.S. January retail sales data and weekly jobless claims are scheduled for release on Thursday and January industrial output on Friday. In Canada, traders will be looking at the latest reading on housing starts and manufacturing shipments scheduled for release this week.
Ubika Research has shortlisted 12 stocks across sectors which outperformed major equity indices last week with higher market interest. We note that these stocks are hovering around their 52-week highs. Average trading volumes over the past five days have been significantly higher than their one month daily average trading volumes. The shortlisted stocks outperformed their respective indices during the week, recording price gains ranging from 5% to 38% with daily average traded volume in excess of 100,000.
For investors looking to see our analyst's shortlisted 12 stocks outperforming indices last week with increased volumes please visit the Smallcappower.com Daily Investment Idea: http://www.smallcappower.com/posts/article-investment-idea-of-the-day-10-2-2014.
Included in the list of 12 smallcap stocks are: Immunovaccine Inc. (TSXV: IMV), Smart Technologies Inc. (TSX: SMA), and Lattice Semiconductor Corp. (NASDAQ: LSCC).
You can access the entire archive of Investment Idea's here: http://www.smallcappower.com/daily-investment-idea.
Get the free daily Morning Market Pulse Newsletter, which includes the Daily Investment Idea, Today's Top Stock, CEO Interviews, Expert Articles, Analyst Research and more: http://www.smallcappower.com/signup.
About SmallCapPower.com
SmallCapPower.com (SCP) is the industry's most trusted resource for small cap stocks, offering unprecedented access to the research and tools you need to help uncover the next big thing.
Through a unique Post Media branding association, this online platform gets coast-to-coast media exposure in nine daily newspapers as well as the Nationalpost.com and Financialpost.com websites.
SmallCapPower.com is also the exclusive online destination to access Ubika Research reports, CEO video interviews and analysis.
Disclosure
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://www.smallcappower.com/pages/small-cap-power-disclosure.
For additional information contact:
Mark Thorburn
Manager, Media Relations
Email: mark@smallcappower.com
Phone: 416.646.1941
Source: SmallCapPower.com