Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
All signs point to explosive rise in the gold price: Part 2, from The Gold Report.
Why I'm a gold bull, but not a bug, explains Michael S. (Mickey) Fulp.
Plastic spoon becoming platinum again, says Thom Calandra in today’s ThomWatch.
J.W. Cotton discusses stock picks and buying opportunities of a lifetime.
Buzz on the Boards took a look at the Teck Cominco (TSX: T.TCK.B, Stock Forum) Bullboard and the Grande Cache Coal Corporation (TSX: T.GCE, Stock Forum) Bullboard.
Top Bullboards post:“Everybody is scrambling to get back into the second wave of the metals bull market. Nobody is selling. Look at the moves were making with this low volume. A 1M+ day would send us into orbit compared to levels a couple of weeks ago. The USD is in serious jeopardy. All metals use USD as a base currency. If foreign investors start dumping the dollar, metals (especially gold and silver) will rocket. TSX-V sold off big time due to the need for liquidity, but the fundamentals are sounder than ever. Mining stocks and commodities are real money and paper is a tree and ink. Brace yourself.” – From conman300 on the Knight Resources (TSX: V.KNP, Stock Forum) Bullboard.
Top Bullboard: Oilexco (TSX: T.OIL, Stock Forum), Horizons BetaPro NYMEX Crude Oil Bull Plus ETF (TSX: T.HOU, Stock Forum) and Sola Resources (TSX: V.SL, Stock Forum) were today’s three most posted Bullboards.
Top blog:ghost11 asked“Is the rally fading”? on the Ghost Trader2 blog Thursday.
For news about small stocks that made big moves in Thursday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Wal-Mart had been the stand-alone shining star, one of the two stocks up on the Dow [Jones Industrial Average] last year," Art Hogan, chief market strategist at Jefferies & Co. told MarketWatch. "Unfortunately, like the rest of retail, it's falling into the category of being hurt by lower consumer spending. Any way you slice it, Wal-Mart is going to be a big disappointment."
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Audiovox Corporation (NASDAQ: VOXX) |
Q3 |
$0.19 vs. $0.20 |
|
| AZZ Incorporated (NYSE: AZZ) |
Q3 |
$0.81 vs. $0.66 |
|
| KB Home (NYSE: KBH) |
Q4 |
-$1.24 vs. -$9.99 |
|
| Material Sciences (NYSE: MSC) |
Q3 |
$0.01 vs. -$0.16 |
|
| MSCI Inc. (NYSE: MXB) |
Q4 |
$0.24 vs. $0.35 |
|
| The Greenbrier Companies (NYSE: GBX) |
Q1 |
$0.15 vs. $0.16 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Amica Mature Lifestyles (TSX: T.ACC) |
Q2 |
N/A vs. $0.10 |
After-Hours News
Apollo Group (NASDAQ: APOL)
After Thursday's close, the education provider announced that its first-quarter profit surged to $180.4 million, or $1.12 a share, from $139.9 million, or 83 cents a share, during the same period last year. Revenue rose to $971 million from $780.7 million. Analysts expected earnings of 98 cents a share on revenue of $912.2 million.
Madison Energy (TSX: V.MDC)
The oil and gas producer/explorer, after Thursday's closing bell, reported that its first horizontal well in SE Saskatchewan was placed on production, Christmas Eve, 2008. The well is currently pumping at stabilized rate of 60 barrels of light oil per day (27 net to the company) with a 70% water cut.
Today In The Markets
Financials, energy boost TSX; N.Y. closes mixed as Wal-Mart issues earns warning
|
| DJIA |
8,742.46 |
-27.24 |
 |
|
| NASDAQ |
1,617.01 |
+17.95 |
 |
|
| S&P500 |
909.73 |
+3.08 |
|
|
| S&P/TSX |
9,221.58 |
+100.26 |
|
|
| S&P/TSX Venture |
899.47 |
+11.15 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market ended the session with a solid gain thanks to a late day surge in energy and financial stocks while investors took in news that Teck Cominco Ltd. plans to cut 1,400 jobs worldwide.
Toronto's S&P/TSX composite index gained 100.26 points to 9,221.58 following a 351-point slide Wednesday that stopped a six-session winning streak in its tracks. The TSX Venture Exchange added 11.15 points to 899.47 while the Canadian dollar moved up 1.31 cents to 84.85 cents US.
New York's Dow Jones industrial average fell 27.24 points to 8,742.46. The Nasdaq composite index was 17.95 points higher to 1,617.01 as Sears Holdings Corp. the operator of Kmart and Sears, forecast quarterly profit above Wall Street expectations, and its shares climbed $9.43 or 23.2 per cent to US$49.98. The S&P 500 index rose 3.08 points to 909.73.
Please click here for the complete U.S. and Canadian market summaries.