Today on Stockhouse
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Kent Moors of Money Morning outlines four new profit routes in Russian oil.
While Sy Harding wonders if the U.S. dollar rally is for real.
Top Bullboards post: On the heel of a successful Phase I trial for its avian flu vaccine, fairchij wrote on the Medicago (TSX: V.MDG, Stock Forum) Bullboard: “Re unrealistic expectations. I was not talking about the price targets. I think the price targets are a joke. I was talking about the expectations of very high response to the low dosage.
“The company does have the best available technology to build out world vaccine production at a fraction of the costs of all competitors and now it has been proven to be safe and effective in the phase one results. This tells me that this technology is worth far more than the market is giving it credit for.”
Top Bullboard: Medicago (TSX: V.MDG, Stock Forum) received the most reads and posts on a day its stock slid 17%.
Top blog: RedMars lists many ways to invest in rare metals and rare earth explorers in the Notes From a Cyber Trader blog.
For news about small stocks that made big moves in Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"A lot of people have packed up their bags for the week and for the year," said Art Hogan, chief market strategist at Jefferies & Co., in an interview with CNN Money. "I wouldn't read too much into any of the moves this week."
Today In The Markets
Stocks advance on deal news and energy and financial issues
|
| DJIA |
10,414.07 |
+85.28 |
 |
|
| NASDAQ |
2,237.66 |
+25.97 |
|
|
| S&P500 |
1,114.05 |
+11.58 |
|
|
| S&P/TSX |
11,554.72 |
+91.32 |
 |
|
| S&P/TSX Venture |
1,428.17 |
-2.03 |
 |
|
The Toronto stock market clung to a triple-digit advance on Monday afternoon as most sectors stayed in positive territory, even as crude oil weakened and gold prices plunged.
The S&P/TSX composite index was up 101.01 points to 11,564.41, in what's expected to be a volatile trading week ahead of the Christmas holiday.
On Wall Street, the Dow Jones industrials rose 104 points to 10,433. The Nasdaq composite index was up 27 points to 2,239, while the S&P 500 index increased 13 points to 1,115.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Jabil Circuit (NYSE: JBL, Stock Forum)
The contract electronics manufacturer reported it swung to a profit in its fiscal first quarter, and surpassed analysts’ expectations. Jabil said it earned $28.3 million or 13 cents a share on revenue of $3.1 billion compared to a loss of $275.9 million or $1.34 per share in the year ago period. Excluding special items, the company reported core earnings of 32 cents per share. Wall Street had been expecting earnings of 29 cents per share on revenue of $3.11 billion.
Antioquia Gold (TSX: V.AGD, Stock Forum)
The company reported results from its first phase of drilling at its Cisneros project in Colombia. The drilling, according to the company, was intended to confirm its geological model. Antioquia highlighted holes at the La Manuela prospect, including Hole PC09-14 with 4.75 metres of 7.39 grams per tonne of gold, and Hole PC09-15 with 1402 metres of 1.05 grams per tonne of gold.