Today on Stockhouse
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Mining stock warrants could power your portfolio, explains The Gold Report.
In today’s ThomWatch, Thom Calandra says risk barometers now ready to boil.
Gold's record demand: So why have prices fallen? asks Mike Caggeso of Money Morning.
Buzz on the Boards took a look at the Crowflight Minerals (TSX: V.CML, Stock Forum), Bullboard and the Lundin Mining Corporation (TSX: T.LUN, Stock Forum) Bullboard.
Top Bullboards post: “I've heard this kind of statement quite a bit lately "If cash on hand is less than debt the stock is worthless". The actual resource controlled by the company is given a value of 0. Now I agree limited cash is a concern in a market when it's very hard to secure financing but there is no way that having a permitted mine with a huge resource has no value whatsoever. As this continues the big boys will start snapping up these junior stocks which are trading down to cash value. They could offer triple the stock price and still get the resource for peanuts.” – From vliet on the Homeland Energy Group (TSX: T.HEG, Stock Forum) Bullboard.
Top Bullboard: Oilexco (TSX: T.OIL, Stock Forum) finished up the week as the most read and most posted bullboard.
Top blog:coffintrader says“Golds lid ready to blow off” on the WallStreet Investing blog Friday.
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
"As of the last tally, anyone with $2 billion could buy all of GM, and anyone with about 10 times as much pocket-change could lay claim to Citi. Perhaps the automakers should beat a path to the offices of Messrs. Jobs or Gates. Picture an iCar with power Windows," Jon Nadler, senior analyst at Kitco Bullion Dealers Montreal told MarketWatch.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Analog Devices (NYSE: ADI) |
Q4 |
$0.44 vs. $0.30 |
|
| Campbell Soup (NYSE: CPB) |
Q1 |
$0.76 vs. $0.70 |
|
| Haynes International (NASDAQ: HAYN) |
Q4 |
$1.43 vs. $1.50 |
|
| Hewlett Packard (NYSE: HPQ) |
Q4 |
$1.01 vs. $0.86 |
|
| Nuance Communications (NASDAQ: NUAN) |
Q4 |
$0.25 vs. $0.18 |
|
| Star Bulk Carriers Corp. (NASDAQ: SBLK) |
Q3 |
$0.38 vs. N/A |
|
After-Hours News
Cooper Industries (NYSE: CBE)
After Friday's close, the global manufacturer of mainly electrical products said it expects fourth quarter results to be below the previous guidance range of 83 cents to 92 cents earnings per share, exclusive of restructuring charges.
Titanium Corporation (TSX: V.TIC)
The developer of a commercial process to maximize the inherent value in the waste material contained in oil sands tailings, after Friday's closing bell, said in its fourth quarter it had $20.589 million in cash and short-term investments (including 3.524 million in restricted cash).
Today In The Markets
Stock markets ahead five per cent after reports peg new U.S. Treasury secretary
|
| DJIA |
8,046.42 |
494.13 |
 |
|
| NASDAQ |
1,384.35 |
68.23 |
|
|
| S&P500 |
800.03 |
47.59 |
|
|
| S&P/TSX |
8,155.39 |
430.63 |
|
|
| S&P/TSX Venture |
704.17 |
12.22 |
|
|
TORONTO, NEW YORK (CP) - Stock markets in Canada and the United States found their way towards triple-digit gains after enduring a session that spent most of the day searching for direction.
Both sides of the border saw the major indexes jump more than five per cent.
In Toronto the rising price of gold led a heavily traded session that also included enthusiastic gains in mining and materials stocks. The S&P/TSX composite index rose 430.63 points to 8,155.39. The TSX Venture Exchange rose 12.22 points to 704.17.
On Wall Street, the Dow Jones industrial average rose 494.13 points to 8,046.42. The Nasdaq composite was ahead 68.23 points at 1,384.35 and the S&P 500 moved up 47.59 to 800.03.
Please click here for the complete U.S. market summaries.