Today on Stockhouse
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Marc Davis of smallcapmedia.com discusses potash juniors: Prime BHP takeover targets.
Best opportunity to profit on oil stocks this year, says Jeff Clark of Growth Stock Wire.
Put action heats up in Hartford Financial, noted Jud Pyle.
Stock picks that include a couple of Canadian miners, from J.W. Cotton.
In today’s Got Gold Report by Gene Arensberg, the natural gas battle tightens.
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 stopped by the Western Canadian Coal Corp. (TSX: T.WTN, Stock Forum) and Cypress Development Corp. (TSX: V.CYP, Stock Forum) Bullboards.
Top Bullboards post: “GM and Chrysler will emerge out of restructuring shortly -they will have to undertake a strategic marketing program to sell their wares - that will not have changed and with cleaned up balance sheets they will have more dollars to spend on advertising post BK then they had pre BK...they have to spend money to make money the big 3”… - From shawshank on the CanWest Global Communications (TSX: T.CGS, Stock Forum) Bullboard.
Top Bullboard: Appleton Exploration (TSX: V.AEX, Stock Forum) had the most posted Bullboard of the week, but the OPTI Canada (TSX: T.OPC, Stock Forum) Bullboard was the most read.
Top blog: littleguy123’s Outside the Market blog has had the most comments over the last seven days.
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 have seen cash finally come off of the sidelines, but making up for missed performance will be critical. 'Window dressing' is about owning what worked, even if you missed the run," Marc Pado, U.S. market strategist at Cantor Fitzgerald told MarketWatch.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Advanced Photonix (NYSE: API) |
Q4 |
-$0.05 vs. N/A |
|
| Apollo Group (NASDAQ: APOL) |
Q3 |
$1.12 vs. $0.85 |
|
| H&R Block (NYSE: HRB) |
Q4 |
$2.05 vs. $2.11 |
|
Today In The Markets
Bank stocks take TSX higher; N.Y. ends mixed as savings rate jumps
|
| DJIA |
8,438.39 |
-34.01 |
 |
|
| NASDAQ |
1,838.22 |
+8.68 |
 |
|
| S&P500 |
918.90 |
-1.36 |
|
|
| S&P/TSX |
10,389.76 |
+33.91 |
|
|
| S&P/TSX Venture |
1,111.56 |
+8.51 |
|
|
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TORONTO, NEW YORK (CP) - The Toronto stock market closed slightly higher Friday as a late-day burst in financial stocks cancelled out declines in energy and gold stocks.
The S&P/TSX composite index moved 33.91 points higher to 10,389.76 on top of two days of strong, triple-digit advances. The TSX Venture Exchange rose 8.54 points to 1,111.59.
The Dow Jones industrial average declined 34.01 points to 8,438.39, losing 101 points or 1.2 per cent on the week. The Nasdaq composite index was up 8.68 points to 1,838.22, supported by Palm Inc. a day after the company reported a fourth-quarter loss that was narrower than expected. The company also highlighted strong demand for its Pre smartphone and its shares rose $2.20 or 15.7 per cent to US$16.22. The S&P 500 index dipped 1.36 points to 918.9.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Silvercorp Metals (TSX: T.SVM)
After Friday’s close, the miner announced an updated National Instrument 43-101 compliant mineral resource estimate for its GC silver-lead-zinc project located in the Guangdong Province, Southern China. Based on this Resource Report, the Measured and Indicated mineral resources and the Inferred mineral resources for the GC Project have increased by approximately 250% and 8%, respectively, in comparison to the last resource estimate dated April, 2008.