Today on Stockhouse
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What’s in store for the U.S – 1990s Japan or 2002 Argentina? asks John Lee of Mau Capital Management.
Jeff Clark of Growth Stock Wire discusses a new short-term target for stocks.
S&P Depository Receipts (SPY) trading shows return of risk, says Jud Pyle.
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 looked in on the Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (TSX: T.HOD, Stock Forum) Bullboard, where posters were discussing where the oil price may be heading.
Top Bullboards post: “There have been several articles about blast furnace restarts in the last few weeks. As I'm sure you're all aware. Perhaps we will start to see a squeeze on coal price on the back of an uplift in demand?![sic] – From blonkers on the Western Canadian Coal Corp. (TSX: T.WTN, Stock Forum) Bullboard.
Top Bullboard: The OPTI Canada (TSX: T.OPC, Stock Forum) Bullboard has been the most read Bullboard over the last seven days, followed closely by the Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (TSX: T.HNU, Stock Forum) Bullboard.
Top blog: “It is yet to be decided if the markets have finally given up the ghost, or whether we are in a pullback stage,” said StoxRok on the Stox Pix blog Friday.
Word on Wall Street
"The market is at a crossroads, and the audience is going to be harder to please this time. People want to see legitimate top line growth, or at least guidance to that effect," Alec Young, equity strategist at S&P Equity Research Services told MarketWatch.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Vimicro International Corporation (NASDAQ: VIMC) |
Q4 |
-$0.12 vs. $0.01 |
|
Today In The Markets
Toronto stock market closes flat on low trading volume; New York closed
|
| DJIA |
8,504.06 |
N/A |
 |
|
| NASDAQ |
1,845.72 |
N/A |
|
|
| S&P500 |
923.33 |
N/A |
|
|
| S&P/TSX |
10283.10 |
+37.19 |
 |
|
| S&P/TSX Venture |
1092.96 |
+0.38 |
|
|
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TORONTO (CP) - The Toronto stock market ended the week flat as investors weighed weak oil prices with good news out of the base metals sector.
The S&P/TSX composite index inched up 37.19 points to 10,283.10 Friday, led by news that mining giant Teck Resources Ltd. (TSX:T.TCK.B) has sold a 17.5 per cent stake in the company to lighten its debt load.
Despite the small gain Friday, the index posted a one per cent loss for the week. The TSX Venture Exchange edged up 0.38 points to 1,092.96.
Trading volume on the Toronto Stock Exchange was light Friday as U.S. markets were closed in observance of the Independence Day holiday.
After-Hours News
Equinox Minerals (TSX: T.EQN)
After Friday’s close, the miner announced preliminary production statistics for Q2 2009 from its 100% owned Lumwana Copper Project in Zambia, which the company admitted “were well below expectations and only a marginal improvement on the Q1-2009 production results.”