Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Andrew Mickey of Q1 Publishing describes the big bets of the ultimate buy and holders.
While Brian Hunt of The Growth Stock Wire offers a hint regarding how rich traders stay rich.
Top Bullboards post: “If they were doing this equity raise for foolish reasons, like most do, then this issue would have a dilutive effect, but given that they are doing this to ensure they have the capital to produce inventory to fulfill their contractual obligations and for new contracts (likely from larger Tier 1 carriers), this stock will continue to reflect that value that this company continues to produce. National Bank Financial has a $20 target in two years, but I think it could get their sooner the way these guys continue to land deals,” from WhatUp79 on the DragonWave (TSX: T.DWI, Stock Forum) board.
Top Bullboard: Evolving Gold (TSX: V.EVG, Stock Forum) received the second most posts and reads on a day its stock slipped 6%.
Top blog: littleguy123 attempts to answer the question of whether now is a good time to buy gold in his Outside the Market blog.
For news about small stocks that made big moves in Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"What's particularly concerning for investors is if there is a sharp, sustained move (by the dollar) in one direction or another," said Jordan Smyth, managing director at Edgemoor Investment Advisors, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Charles Schwab (NASDAQ: SCHW) |
Q3 |
$0.17 vs. $0.26 |
|
| Fastenal Co. (NASDAQ: FAST) |
Q3 |
$0.33 vs. $0.52 |
|
| Oil-Dri Corp. of America (NYSE: ODC) |
Q4 |
$0.31 vs. N/A |
|
Today In The Markets
Toronto stock market almost 48 points lower as s commodities prices weaken
|
| DJIA |
9,864.94 |
+78.07 |
 |
|
| NASDAQ |
2,139.28 |
+15.35 |
|
|
| S&P500 |
1,071.49 |
+6.01 |
|
|
| S&P/TSX |
11,436.92 |
-47.59 |
 |
|
| S&P/TSX Venture |
1,307.35 |
+1.17 |
|
|
TORONTO, NEW YORK (CP) - Toronto's main stock index ended in negative territory Friday as investors contained some of their recent enthusiasm over commodities prices.
The S&P/TSX composite index shifted 47.59 points lower to 11,436.92, after four consecutive sessions of gains. The TSX Venture Exchange rose 1.17 to 1,307.35.
The Dow was ahead 78.07 points to 9,864.94, beating its previous peak of the year of 9,829.87 on Sept. 22. The Nasdaq composite index rose 15.35 points to 2,139.28 while the S&P 500 index gained 6.01 points to 1,071.49.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Orestone Mining (TSX: V.ORS, Stock Forum)
The Kelowna, B.C.-based pharmacy company announced after the bell on Thursday that it would buy back and cancel up to 4,880,319, or 5% of its shares on the common market during the next year.