Today on Stockhouse
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Dudley Pierce Baker looks at how to analyze insider selling in the junior mining sector.
Andrew Mickey discusses why Roubini thinks you should avoid gold and gold stocks.
Valero Energy (VLO) investor likely hedging, says Jud Pyle.
Gold stocks to see rapid, severe accumulation, explains Thom Calandra.
Staples (SPLS) looks vulnerable as retailers take a hit, notes Joseph Hargett of Schaeffers Research.
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 Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (TSX: T.HNU, Stock Forum) Bullboard, where members were discussing the latest natural gas inventory numbers.
Top Bullboards post: “The market does appear to have regained its thirst for gold. The JE segment has been especially dead for a while and it's certainly nice to see examples of 'hysteria' again. Hope it sticks around a while.”- From BFREE2on the Underworld Resources (TSX: V.UW, Stock Forum) Bullboard.
Top Bullboard: The OPTI Canada (TSX: T.OPC, Stock Forum) Bullboard boasted the most posts on Thursday.
Top blog: “U.S. “mass lay-offs” at record high”, says littleguy123 on the Outside the Market blog.
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
"We're in a catalyst-rich environment right now, and yet investors have a significant lack of conviction," market analyst Art Hogan, of Jefferies & Co. told MarketWatch. "There's a significant number waiting for a pullback before they put more money to work."
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| AZZ Incorporated (NYSE: AZZ) |
Q1 |
$0.66 vs. $0.82 |
|
| Gerber Scientific (NYSE: GRB) |
Q4 |
$0.01 vs. $0.26 |
|
| KB Home (NYSE: KBH) |
Q2 |
-$0.64 vs. -$3.30 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Empire Company (TSX: T.EMP.A) |
Q4 |
N/A vs. $0.98 |
|
| Shaw Communications (TSX: T.SJR.B) |
Q3 |
US$0.29 vs. $0.30 |
|
Today In The Markets
Energy stocks send TSX surging; N.Y. stocks jump, led by homebuilders, retailers
|
| DJIA |
8,472.40 |
+172.54 |
 |
|
| NASDAQ |
1,829.54 |
+37.20 |
|
|
| S&P500 |
920.26 |
+19.32 |
|
|
| S&P/TSX |
10,355.85 |
+254.92 |
|
|
| S&P/TSX Venture |
1,103.05 |
+12.39 |
|
|
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TORONTO, NEW YORK (CP) - Energy stocks helped the Toronto stock market gain more than 200 points for a second day in a row Thursday on hopes that small signs of economic improvement will result in the start of a recovery by the end of the year.
Toronto's S&P/TSX composite index advanced 254.92 points to 10,355.85, following a 204-point runup on Wednesday. The TSX Venture Exchange rose 12.39 points to 1,103.05.
The Dow Jones industrial average gained 172.54 points to 8,472.4. The Nasdaq composite index was up 37.2 points to 1,829.54 while the S&P 500 index was 19.32 points higher to 920.26.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Palm Inc. (NASDAQ: PALM)
After Thursday’s close, the wireless device maker reported a fourth-quarter loss of $105 million, or 78 cents a share, compared to a loss of $43.4 million, or 40 cents a share, for the same period the previous year. Excluding stock-option charges and expenses related to restructuring, Palm said net losses would have totaled $53.4 million, or 40 cents a share. Revenue fell more than 70% to $86.8 million. Analysts expected a loss of 62 cents a share on revenue of $80.6 million.
North American Palladium (TSX: T.PDL)
The miner, after Thursday’s closing bell, announced the discovery of a new underground platinum group minerals (PGM) zone at its Lac des Iles (LDI) mine near Thunder Bay, Ontario. The company believes this new PGM discovery has the potential to extend the mine life and significantly impact the economics of the LDI mine.