Today on Stockhouse
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Andrew Mickey discusses how some investors are making $3,600 an hour in royalty trusts.
John Kaiser on juniors that should win in the race for rare earths, from The Gold Report.
Jud Pyle looks at bullish options activity in Limited Brands.
For more articles on gold and silver, please visit the Stockhouse gold & silver feature supplement: https://www.stockhousefeatures.com/gold-and-silver/
Buzz on the Boards visited the Wildcat Silver (TSX: V.WS, Stock Forum) and Western Copper Corp. (TSX: T.WRN, Stock Forum) Bullboards.
Top Bullboards post: In a post entitled “Waiting for the market correction?” on the BCE (TSX: T.BCE, Stock Forum) Bullboard, beavertail2 said: “It doesn't seem to be coming as evident by the market. What we had was a sideway correction throughout May. Lots of people raised cash and waiting of that buying moment or shorters shorting stocks. Well, sorry, when too many investors doing the same thing, it doesn't happen. Now Dow and S&P are above 200-day. Golden cross (50-day crossing 200-day) is about to come. Big contributor will be from those who had waited for the correction with their cash or shorted. Now they will need to pile back in for the golden cross move”…
Top Bullboard: The Vast Exploration (TSX: V.VST, Stock Forum) Bullboard had the most posts Friday.
Top blog: Risktaker77 provided a “Risky Picks Update” on RJK Explorations and Hawthorne Gold.
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
"We seemed to have priced in a V-shaped recovery, but we're really not going to see the data for another few months," Bill Flaig, chief investment officer for the Arrow Funds told MarketWatch.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Blyth Inc. (NYSE: BTH) |
Q1 |
$0.47 vs. $0.68 |
|
| Ferrellgas Partners (NYSE: FGP) |
Q3 |
$0.64 vs. $0.55 |
|
| FuelCell Energy (NASDAQ: FCEL) |
Q2 |
-$0.30 vs. -$0.38 |
|
| Pall Corp. (NYSE: PLL) |
Q3 |
$0.42 vs. $0.54 |
|
| Quiksilver (NYSE: ZQK) |
Q2 |
$0.04 vs. $0.30 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Westport Innovations (TSX: T.WPT) |
Q4 |
N/A vs. -$0.09 |
|
|
Today In The Markets
Commodities boost TSX; N.Y weak as job losses lessen, unemployment rate jumps
|
| DJIA |
8,763.13 |
+12.89 |
 |
|
| NASDAQ |
1,849.42 |
-0.60 |
 |
|
| S&P500 |
940.09 |
-2.37 |
|
|
| S&P/TSX |
10,569.29 |
+92.05 |
|
|
| S&P/TSX Venture |
1,137.99 |
+4.83 |
|
|
 Find out how to get this data on your BlackBerry
TORONTO, NEW YORK (CP) - The Toronto stock market racked up a solid gain Friday, as investor enthusiasm about higher commodity and tech stocks offset concerns about a grim Canadian employment report.
But New York markets were weak as investors had a muted reaction to U.S. employment data that showed the pace of layoffs slowed radically during May.
Toronto's S&P/TSX composite index was 92.05 points higher to 10,569.29 in a widespread advance with only gold stocks negative. Energy stocks gained 1.4 per cent as oil prices briefly hit US$70 a barrel, their highest level since last fall. Meanwhile, technology stocks rose 2.7 per cent. The TSX Venture Exchange added 4.83 points to 1,137.99.
The Dow Jones industrial average closed up 12.89 points to 8,763.13 after the U.S. Labour Department said the economy shed 345,000 jobs last month, far less than the 530,000 that had been expected. The Nasdaq composite index dipped 0.6 of a point to 1,849.42 while the S&P 500 index was off 2.37 points to 940.09.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Kaminak Gold (TSX: V.KAM)
After Friday’s close, the junior explorer said it has acquired through staking 415 platinum-palladium claims totaling 6,640 hectares located approximately 50 kilometres north of Thunder Bay, Ontario.
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