|
|
|
Canada Business News and Press Releases
|
(EMAILWIRE.COM, December 17, 2009 ) Windsor, Ontario - FreeHotPennyStocks.com, an online financial publication, provides investors timely stock market alerts. If you are interested in penny stocks that are poised to breakout sign up for our free penny stock newsletter. Each day we send out alerts on different hot penny stock picks. For more FREE ALERTS SIGN UP AT http://www.freehotpennystocks.com
Shares of homebuilder Hovnanian Enterprises Inc. (HOV), climbed Wednesday after reports showed an uptick in home construction and mortgage application volume. Construction of new homes and apartments rose 8.9 percent in November to a seasonally adjusted annual rate of 574,000 units, the Commerce Department said. The gain represented strength in all areas of the country, though the rise was slightly lower than economists had expected. Applications for new building permits rose 6 percent to an annual rate of 584,000 units, a stronger showing than predicted. The stock rose over 10 percent on double the average trading volume.
TAM Linhas Aereas (TAM), Brazil's largest airline, said on Wednesday it plans to spin off its Multiples SA unit in an initial public offering, hoping to capitalize on a boom in share sales. The unit, TAM's mileage program, signs accords with retailers that allow clients to collect and use air miles. TAM launched Multiples in June after expanding its frequent-flier program to include retailers, hotels and other types of services. The airline said it will unveil details of the IPO at a later date. Shares rose on the news to an intraday high of $22.33 or 8 percent on above average trading volume.
About Freehotpennystocks.com
Freehotpennystocks.com alerts its members on any stocks from penny stocks to NYSE stocks. Our penny stock forum offers free penny stock trading videos, trading software and broker reviews to our members. Our investing forum has discussions on hot penny stocks to long term investments. All the penny stocks that we alert on have above average trading volume, strong news and penny stocks that are moving to the upside quickly. Our penny stock newsletter is great for investors who are starting in the stock market and want a place for information. If you are interest in seeing hot penny stocks and want free penny stock picks come visit freehotpennystocks.com for a free membership. We also track small cap companies and other stocks that may be positioned to break out. Free Hot Penny Stocks is not a registered investment advisor or broker-dealer. Please do your own Due Diligence before investing in any of the stocks mentioned above. If you are an small cap ir firm and want your company prfiles please email us at the email below.
Please click here to read the full disclaimer at http://www.freehotpennystocks.com/disclaimer.html
Resultz Media
Michael Ryan
877-301-9737
staff@freehotpennystocks.com 
|
|
|
|
