Today on Stockhouse
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In Stockhouse subscriber service Ticker Trax, Thom Calandra provides updates on several Planetary Prospects.
The recession is over - what to do now, asks Andrew Mickey.
John Whitefoot looks at penny stocks: a love story.
Steven Saville discusses getting some things straight regarding China.
Speculative stock picks with good charts, from J.W. Cotton.
Top Bullboards post: “Until the commodity craziness slows down a bit, I am out of shorting oil. I didn't like how the markets reacted to the inventory numbers. It looks as though oil is trending back up again. I will be watching to make an entry in the coming days. Good luck.” – From Piperdown on the Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (TSX: T.HOD, Stock Forum) Bullboard.
Top Bullboard: Nuvo Research (TSX: T.NRI, Stock Forum) had one of the most posted Bullboards of the day.
Top blog: “2nd U.S. bank-for-businesses facing bankruptcy,” explained littleguy123 in the Outside the Market blog Wednesday.
For news about small stocks that made big moves in Wednesday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Bottom line, for now the economy has bottomed and will improve in the second half but I repeat that the degree and sustainability of the recovery still comes down to the health of the consumer," Peter Boockvar, equity strategist, Miller Tabak & Co. told MarketWatch.
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Beazer Homes USA (NYSE: BZH) |
Q3 |
-$1.53 vs. -$2.85 |
|
| Cell Therapeutics (NASDAQ: CTIC) |
Q2 |
-$0.05 vs. -$5.20 |
|
| Dollar Tree Stores (NASDAQ: DLTR) |
Q2 |
$0.50 vs. $0.42 |
|
| U.S. Cellular (NYSE: USM) |
Q2 |
$0.67 vs. $0.83 |
|
| Warner Music Group (NYSE: WMG) |
Q3 |
-$0.16 vs. -$0.06 |
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| BCE (TSX: T.BCE) |
Q2 |
US$0.59 vs. $0.53 |
|
| Lundin Mining (TSX: T.LUN) |
Q2 |
N/A vs. $0.14 |
|
| Manulife Financial Corporation (TSX: T.MFC) |
Q2 |
US$0.62 vs. $0.65 |
|
Today In The Markets
TSX closes up on oil, metals
|
| DJIA |
9,280.97 |
-39.22 |
 |
|
| NASDAQ |
1,993.05 |
-18.26 |
|
|
| S&P500 |
1,002.72 |
-2.93 |
|
|
| S&P/TSX |
11,046.93 |
+28.83 |
 |
|
| S&P/TSX Venture |
1,194.99 |
-0.99 |
|
|
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TORONTO, NEW YORK (CP) - The Toronto stock market ended today in positive territory, posting a small gain as oil prices and the base metals sector provided lift for the second day in a row.
The S&P/TSX composite index inched up 28.83 points to end the day at 11,046.93, a day after a 230-point surge saw it climb to close above 11,000 points for the first time in 10 months.
The TSX Venture Exchange added 2.39 points to 1,198.37.
The Nasdaq composite index slipped 18.26 points to 1,993.05 while the Dow Jones industrial average lost 39.22 points to 9,280.97.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Cisco Systems (NASDAQ: CSCO)
After Wednesday’s close, the company announced its fourth quarter results, including Q4 net sales of $8.5 billion, down 18% year over year, net income of $1.1 billion GAAP or $1.8 billion non-GAAP, and Q4 earnings per share of 19 cents GAAP or 31 cents non-GAAP.