Today on Stockhouse
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Bulls try to take it up a notch, says Chris Ciovacco.
Do gold bugs have a new gold leg? asks Chris Vermeulen.
This precious metal is a great buy right now, explains Dr. David Eifrig of DailyWealth.
Mike Paulenoff discusses scaling into the UNG.
Is natural gas cheap? asks David Galland.
Buzz on the Boards looked in on the Zarlink Semiconductor (TSX: T.ZL, Stock Forum) and Research In Motion (TSX: T.RIM, Stock Forum) Bullboards.
Top Bullboards post: “The US dollar is looking precarious again. I would be careful is my only advice. If the dollar plummets, supply demand could be irrelevant information. It is sitting on a trend line”… - From Tgarfield on the Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (TSX: T.HOD, Stock Forum) Bullboard.
Top Bullboard: The Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (TSX: T.HNU, Stock Forum) Bullboard ended the day with the most posts.
Top blog: “The real question is not: "will we have inflation", but rather: "when and how much", Stockhouse member cqfd said in a blog post on Thursday.
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
"Things are getting much better and the market is pricing it in," Phil Orlando, chief equity market strategist at Federated Investors told the Associated Press.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Arch Coal (NYSE: ACI) |
Q2 |
-$0.06 vs. $0.78 |
|
| Black & Decker Corporation (NYSE: BDK) |
Q2 |
$0.37 vs. $1.58 |
|
| Fortune Brands (NYSE: FO) |
Q2 |
$0.64 vs. $1.25 |
|
| T.Rowe Price (NASDAQ: TROW) |
Q2 |
$0.34 vs. $0.60 |
|
| Wilmington Trust (NYSE: WL) |
Q2 |
-$0.20 vs. $0.47 |
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Loblaw Companies (TSX: T.L) |
Q2 |
N/A vs. $0.51 |
|
Today In The Markets
TSX jumps as BoC declares recession to end in Q3; N.Y. up on housing data
|
| DJIA |
9,069.29 |
+188.03 |
 |
|
| NASDAQ |
1,973.60 |
+47.22 |
|
|
| S&P500 |
976.29 |
+22.22 |
|
|
| S&P/TSX |
10,675.68 |
+243.33 |
|
|
| S&P/TSX Venture |
1,137.79 |
+14.34 |
|
|
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TORONTO, NEW YORK (CP) - The Toronto stock market roared ahead Thursday as investors were encouraged by the Bank of Canada's pronouncement that the recession will end this quarter and looked past sharply lower earnings from commodity sector heavyweights.
The main S&P/TSX composite index jumped 243.33 points to 10,675.68 following two days of losses.
The TSX Venture Exchange moved up 14.34 points to 1,137.79.
The Dow Jones industrial average moved 188.03 points higher to 9,069.29, rising above 9,000 for the first time since early January.
The Nasdaq composite index climbed 47.22 points to 1,973.6 while the S&P 500 index added 22.22 points to 976.29
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Microsoft (NASDAQ: MSFT)
After Thursday’s close, the company reported revenue of $13.10 billion for the fourth quarter, a 17% decline from the same period last year. Net income was $3.05 billion, down 29% on the same quarter last year, and diluted earnings per share for the quarter were 34 cents per share, down 26%.