Today on Stockhouse
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Thom Calandra examines rare earth element shares that are on a tear.
This as Marc Davis writes about two juniors that could challenge Canada’s potash producing cartel.
Top Bullboards post: HARJAY on the Royal Bank (TSX: T.RY) board: “Royal Bank loses $ 50 M in one bad quarter compared to making nearly a $ 1 B in the same quarter a yr. earlier and people sell it off by 5%. Totally ridiculous!! $50 M is a drop of water in an Olympic size swimming pool. Revenue was still up 36 %! Tomorrow investors will be realizing the buying opportunity and they will continue to snap up RY shares and it will continue its journey upward.”
Top Bullboard: Uranium One (TSX: T.UUU), followed by OPTI Canada (TSX: T.OPC), then Nuvo Research (TSX: T.NRI).
Top blog: RedMars in Notes From a Cyber Trader makes a case for why low prices beget higher prices for commodities.
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
"Technically, the market is looking quite good," said Peter Cardillo, chief market economist at the brokerage house Avalon Partners Inc., in an interview with Associated Press. "Although, I suspect we'll probably stay within this trading range for another couple of weeks."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Altera Corp. (NASDAQ: ALTR) |
Q2 |
$0.16 vs. $0.32 |
|
| Apollo Investment (NASDAQ: AINV) |
Q4 |
$0.35 vs. $0.37 |
|
| EnerSys (NYSE: ENS) |
Q4 |
$0.28 vs. $0.42 |
|
|
Today In The Markets
Commodities lift TSX; N.Y. surges despite mixed economic data
|
| DJIA |
8,500.33 |
+96.53 |
 |
|
| NASDAQ |
1,774.33 |
+22.54 |
|
|
| S&P500 |
919.14 |
+12.31 |
|
|
| S&P/TSX |
10,370.07 |
-22.30 |
 |
|
| S&P/TSX Venture |
1,124.08 |
+18.92 |
|
|
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TORONTO, NEW YORK (CP) - The Toronto stock market turned in a weak performance Friday as investors backed out of financial stocks after Royal Bank (TSX:RY) turned in a quarterly loss.
U.S. markets closed slightly higher as investors tried to reconcile mixed economic signals.
Toronto's S&P/TSX composite index closed down 22.3 points to 10,370.07. The TSX Venture Exchange climbed 18.92 points to 1,124.08.
New York's Dow Jones industrial average was up 96.53 points to 8,500.33 as the U.S. Commerce Department said first-quarter gross domestic product fell by 5.7 per cent. Last month, it estimated GDP declined by 6.1 per cent. The Nasdaq composite index moved up 22.54 points to 1,774.33 while the S&P 500 index rose 12.31 points to 919.14.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Aptilon Corporation (TSX: V.APZ)
After Friday’s close, the creator of online access to physicians for pharmaceutical sales programs said first-quarter revenue increased 38% to $2.8 million, while net loss decreased 66% to $473,767.
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