Stockhouse @ the Bell: GDP report powers rally

Today on Stockhouse

Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.

Thom Calandra talks about the real top-performing companies in the metals industry today.

While Martin Hutchinson of Money Morning describes three ways to profit from rising oil prices.

Top Bullboards post: On the HudbayMinerals board, Ridgeback wrote: “It is a buying opportunity for long term holders.

“At these prices and with Hudbay's long term potential are we looking at takeover in this range or mergers again.

“In my simple view I like Hudbay at $5.00 liked it more at $7.00 and added more and continue to add on the positive news they have provided. If I did not see anything to change my opinion, I won't get worried over these short term corrections and look at the long term prospects. Nothing has changed only the penguins (Analysts) are telling us HBM is good and us fish are swimming with sharks and running into shallow water to escape. I would be a bottom feeder picking up the scraps.”

Top Bullboard: North American Gem (TSX: V.NAG, Stock Forum) gathered the most posts and the third-most reads on a day its stock surged 12%.

Top blog: Risktaker77 offers some new risky stock picks in the Risky Picks... blog.
For news about small stocks that made big moves in Thursday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"I don't think that at this point in the rebound that the economy would be self-sustainable," said Jason D. Pride, director of research at Haverford Investments, in an interview with Associated Press. "The only way to have effective sustained economic growth is to have job growth, but it tends to come later."

Today In The Markets

Markets go green

DJIA	9,962.58	+199.89
NASDAQ	2,097.55	+37.94
S&P500	1,066.11	+23.48
S&P/TSX	11,075.22	+269.89
S&P/TSX Venture	1,310.42	+47.01

Toronto & New York (The Canadian Press) - The Toronto stock market snapped a four-session losing streak to surge more than 250 points, with buyers encouraged as the U.S. economy started growing again in the third quarter.

The S&P/TSX composite index ran up 269.89 points or 2.5 per cent to 11,075.22. The U.S. Commerce Department reported that U.S. gross domestic product rose at a 3.5 per cent annualized pace. That was slightly better than the 3.3 per cent growth that economists had expected and was the first time the economy has grown since early 2008.

New York indexes also charged ahead with the Dow Jones industrial average up 199.89 points to 9,962.58.

The Nasdaq composite index climbed 37.94 points to 2,097.55 while the S&P 500 index was up 23.48 points at 1,066.11.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

Genworth Financial (NYSE: GNW, Stock Forum)
The insurance company reported a surprise profit for its third quarter after the bell. Genworth said net income amounted to $19 million or 4 cents per share, compared with its year ago net loss of $258 million or 60 cents per share. The company said operating profit excluding net realized investment gains and losses was $81 million or 18 cents per share. Street analysts had expected the company to lose two cents per share, on average.

Excellon Resources (TSX: T.EXN, Stock Forum)
The miner reported fourth quarter and annual results after the bell. For its fiscal fourth quarter, Excellon said it earned $1.2 million or six cents per share, up from the year ago loss of $4.8 million or 3 cents per share. Excellon said sales rose to $10 million from $3.9 million in the final quarter a year ago. At the same time, the company said it had an annual net loss of $4.9 million or 2.6 cents per share.