Today on Stockhouse
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Thom Calandra addresses rumors about his top biotech stock in the subscribers-only Ticker Trax.
Tom Dyson of DailyWealth believes these commodity stocks are on the brink of disaster.
And, Andrew Mickey of Q1 Publishing offers suggestions on maximizing gains from the ongoing gold bull market.
Top Bullboards post: A”112% increase in copper reserves ... acquired at less than US$0.02/lb – doesn’t sound too bad,” from rallydriver on the Mercator Minerals (TSX: T.ML, Stock Forum) board, following the company’s announcement it will buy junior Stingray Copper (TSX: T.SRY,Stock Forum).
Top Bullboard: Peregrine Diamonds (TSX: T.PGD, Stock Forum) received the third-most reads, while Wavefront Technology Solutions (TSX: V.WEE, Stock Forum) produced the third-most posts.
Top blog: GambitX writes about three resource stock picks, including the poster’s top uranium junior in the Gambit's Gambles blog.
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
"October is shaping up to be a challenging month for investors," said Brent McQuiston, a vice president at WealthTrust-Arizona, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Robbins & Myers (NYSE: RBN) |
Q4 |
$0.20 vs. $0.88 |
|
| Constellation Brands (NYSE: STZ) |
Q2 |
$0.41 vs. $0.45 |
|
| CRA International (NASDAQ: CRAI) |
Q3 |
$0.48 vs. $0.32 |
|
| RPM International (NYSE: RPM) |
Q1 |
$0.44 vs. $0.54 |
|
| Team Inc. (NASDAQ: TISI) |
Q1 |
$0.11 vs. $0.25 |
|
| Mosaic Co. (NYSE: MOS) |
Q1 |
$0.35 vs. $2.65 |
|
Today In The Markets
Disappointing U.S. jobs data pushes TSX lower, loses ground for 2nd week
|
| DJIA |
9,487.67 |
-21.61 |
 |
|
| NASDAQ |
2,048.11 |
-9.37 |
|
|
| S&P500 |
1,025.21 |
-4.64 |
|
|
| S&P/TSX |
10,958.33 |
-113.43 |
|
|
| S&P/TSX Venture |
1,244.12 |
-4.59 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market closed lower Friday and racked up its second weekly loss in a row as a string of disappointing economic data was capped by a U.S. jobs report that widely missed expectations. Collectively, the data have raised even more doubts that the surge in stocks since early March can be sustained.
The S&P/TSX composite index lost 113.43 points to 10,958.33 after the U.S. Labour Department reported that job losses came in at 263,000. The TSX Venture Exchange slipped 4.59 points to 1,244.12.
U.S. markets closed lower as the Dow Jones industrial fell 21.61 points to 9,487.67, losing 177.52 points or 1.83 per cent this week. The Nasdaq composite index edged 9.37 points lower to 2,048.11, while the S&P 500 index was off 4.64 points to 1,025.21.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Equinox Minerals (TSX: T.EQN)
After Friday’s close, the miner announced its preliminary production statistics for the third quarter of 2009 from its 100% owned Lumwana Copper Mine in Zambia, which showed a 33% sequential increase in ore mined.