Today on Stockhouse
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Community writer littleguy123 gets a laugh from the ongoing shenanigans between AIG and the U.S. Fed.
The research team at Q1 Publishing tells why global stock markets need a holiday.
Why Peter Leeds likes penny stock technology reseller XETA Technologies (NASDAQ: XETA, Stock Forum).
Stockhouse reporter Robert Arber highlighted one stock chart that’s sure to scare anyone in Las Vegas Sands: Halloween chart from Hell.
Andrew Delic, another Stockhouse community writer, published his thoughts on an oil and gas junior that he believes is a strong bottom fish contender.
Top Bullboard post:More famous last words? “I too will be retiring by this time next year…” From w256mgr on the Douglas Lake Minerals (OTC:BB: DLKM, Stock Forum) Bullboard.
Top Bullboard: Oilexco (TSX: T.OIL, Stock Forum) takes it by a nose.
Top blog:A new addition to the Stockhouse blog scene came in the form of The Enterprising Investor, by supertac. Do not miss.
For news about small stocks that made big moves in Friday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Spending was terrible, the Chicago Purchasing Managers was a problem, but it looks like, who cares? Investors are throwing caution to the wind," said Jack Ablin, at Harris Private Bank, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Anadarko Petroleum (NYSE: APC) |
Q3 |
$1.48 vs. $0.70 |
|
| DryShips Inc. (NASDAQ: DRYS) |
Q3 |
$3.60 vs. $2.38 |
|
| Forest Oil (NYSE: FST) |
Q3 |
$1.38 vs. $0.82 |
|
| MasterCard (NYSE: MA) |
Q3 |
$2.25 vs. $1.80 |
|
| PMI Group (NYSE: PMI) |
Q3 |
$ -2.55 vs. $ -1.04 |
|
| Viacom (NYSE: VIA) |
Q3 |
$0.55 vs. $0.65 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Addax Petroleum (TSX: T.AXC) |
Q3 |
N/A vs. $0.78 |
|
| Coalcorp Mining (TSX: T.CCJ) |
Q1 |
N/A vs. $ -0.09 |
|
|
After-Hours News
Black Pearl Minerals (TSX: V.BLK)
After Friday's close, the junior miner said it has acquired the largest known lithium spodumene pegmatite deposit in Canada, Quebec Lithium, and is working in conjunction with SGS Lakefield Research to complete metallurgical test-work for the production of spodumene concentrate, lithium carbonate as well as high grades and purities of lithium carbonate. The most recent industry forecast for lithium demand is a four-fold increase for 2015 from the 2007 market demand of 100,000 tonnes of lithium carbonate equivalent (Li2CO3).
Today In The Markets
Toronto stock market fumbles mid-day gains to close session lower
|
| DJIA |
9,325.01 |
144.32 |
 |
|
| NASDAQ |
1,720.95 |
22.43 |
|
|
| S&P500 |
968.75 |
14.66 |
|
|
| S&P/TSX |
9,762.76 |
-93.45 |
 |
|
| S&P/TSX Venture |
915.30 |
35.55 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock ended one of the worst months in its history with a fizzle on Friday, after swinging wildly most of the week amid upheaval in the world's stock, currency and commodity markets.
On Friday, Toronto's S&P/TSX composite index fell 93.45 points to 9,762.76 after mounting a brief surge into positive territory late in the afternoon, motivated by rising oil prices. The TSX Venture Exchange moved up 35.55 points to 915.30.
The Dow Jones industrial average ditched morning losses to climb 144.32 points to 9,325.01 despite a U.S. Commerce Department report that said personal spending fell 0.3 per cent last month, the biggest decline since June of 2004. New York's Nasdaq composite index rose 22.43 points to 1,720.95 while the S&P 500 increased 14.66 points to 968.75.
Please click here for the complete U.S. market summaries.
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