Today on Stockhouse
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Mickey Fulp explains why he took a shine to this pure silver junior.
Top Bullboards post: “Value per share (of this stock should be) $2.15. CASH and Stocks of other comps CDU holds. No joke. Read Q3 Financials: 92million from pampa deal, 27million ITH stocks and warrants, 3million Trevali Stocks, 1,3 million Wealth minerals, 5 million cash. All more or less but totals to about 130 million so with all other projects given ZERO value,” from Teatimenow on the Cardero Resource (TSX: T.CDU, Stock Forum) board.
Top Bullboard: Wavefront Technology Solutions (TSX: V.WEE, Stock Forum) collected the third-most posts and the second-most reads.
Top blog: YeOldGoldNugget points to an article suggesting that industrial demand for gold could be bad news for the other precious metals in the Orko Silver Blog 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
"With options expiration, with people looking to square up positions, it's not surprising that there are markets going in inconsistent directions," said Jerry Webman, chief economist at OppenheimerFunds Inc., in an interview with Associated Press. "The stock market is flittering around."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| ConAgra Foods (NYSE: CAG) |
Q2 |
$0.47 vs. $0.43 |
|
| Jabil Circuit (NYSE: JBL) |
Q1 |
$0.29 vs. $0.30 |
|
| OMNOVA Solutions (NYSE: OMN) |
Q4 |
$0.15 vs. $0.02 |
|
| Walgreen Co. (NYSE: WAG) |
Q1 |
$0.48 vs. $0.41 |
|
Today In The Markets
Toronto stock market ends weaker as base metals sector outshines gold
|
| DJIA |
10,328.89 |
+20.63 |
 |
|
| NASDAQ |
2,211.69 |
+31.64 |
|
|
| S&P500 |
1,102.47 |
+6.39 |
|
|
| S&P/TSX |
11,463.40 |
-9.66 |
 |
|
| S&P/TSX Venture |
1,430.20 |
+9.05 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market ended Friday in negative territory as weakness in base metals and materials edged out gold and better-than-expected earnings from BlackBerry-maker Research In Motion Ltd. (TSX:RIM, Stock Forum).
The S&P/TSX composite index closed 9.66 points lower to 11,463.40 in a volatile trading session that slipped into the red during the final hour on high volume trading. The TSX Venture Exchange was up 9.05 to 1,430.20.
On Wall Street, The Dow Jones industrials rose 20.63 points to 10,328.89. The Nasdaq composite index was up 31.64 points to 2,211.69, while the S&P 500 index increased 6.31 points to 1,102.39.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Great Quest Metals (TSX: V.GQ, Stock Forum)
After Friday’s close, the junior explorer and Avion Gold (TSX: V.AVR) announced that they have executed an agreement under which Avion would acquire a 100% interest in the Kenieba concessions in Mali, Africa, which are subject to an existing 75% earn-in option agreement between the companies announced November 2, 2009. In addition to the initial payment made under the earn-in agreement, Avion will pay to Great Quest $4 million in cash and shares of Avion and provide for further payments of up to $2.1 million based on gold production from the concessions greater than 400,000 ounces, payable in increments of 50,000 ounces production.