Today on Stockhouse
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Joe Cotton provides some energy stock picks to kick off the New Year.
While Jeff Clark of Growth Stock Wire believes the China bubble is ready to pop.
Top Bullboards post: “The drilling will increase reserves well past 3mm and make mill imperative; compare our 16 cents to excitement at TRX(in news today and down on concerns of 'who will finance'.)...BUT they have 6mm oz gold plus copper so after mill construction the gold extraction cost should be nil....The drill core news for MNR should put us above 22 cents but at 25 we'll see resistance...but our share cap makes it easier for increased financing. We can do this without a JV and so can TRX but it’s a bit scary when you're out on the plank all alone,” from jmlguy on the Mediterranean Resources (TSX: T.MNR, Stock Forum) board.
Top Bullboard:Stem Cell Therapeutics (TSX: V.SSS, Stock Forum) collected the most posts, while Terrane Metals (TSX: V.TRX, Stock Forum) received the most reads.
Top blog:thedave2006 shares what he learned about drill results and picking junior resource stocks in his Thedave2006 Investment Ideas 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
"It's amazing how anticipated the data point was and how little the market is moving," said Eric Thorne, an investment adviser at Bryn Mawr Trust Wealth Management, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
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| Alcoa, Inc. (NYSE: AA) |
Q4 |
$0.06 vs. $ - 0.28 |
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Today In The Markets
Stocks close higher as investors take disappointing jobs reports in stride
|
| DJIA |
10,618.19 |
+11.33 |
 |
|
| NASDAQ |
2,317.17 |
+17.12 |
|
|
| S&P500 |
1,144.98 |
+3.29 |
|
|
| S&P/TSX |
11,953.83 |
+66.32 |
|
|
| S&P/TSX Venture |
1,605.10 |
+13.57 |
 |
|
TORONTO, NEW YORK (CP) - The Toronto stock market registered a solid advance Friday despite employment reports for December from Canada and particularly the United States that widely missed expectations.
The S&P/TSX composite index moved up 66.32 points to 11,953.83. The main index ran up 1.76 per cent this week with investors satisfied that the general trend shows economic conditions are improving. They're also hopeful that the weak data means the U.S. Federal Reserve will be in no rush to raise interest rates. The TSX Venture Exchange was 13.57 points higher to 1,605.10.
The Dow Jones industrials gained 11.33 points to 10,618.19 for a gain of 1.8 per cent this week. The Nasdaq composite index was ahead 17.12 points to 2,317.17 while the S&P index rose 3.29 points to 1,144.98.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Mooncor Oil & Gas (TSX: V.MOO, Stock Forum)
After Friday’s close, the oil and gas explorer/developer said it has completed the assembly of its land package in southwest Ontario by purchasing 18,737 acres (18,592 net) within the Kent and Lambton Counties of southwest Ontario from a large multi-national oil and gas company for $100,000. The leases acquired are immediately adjacent to Mooncor's original 3,833 acre land position. The leases acquired were prepaid to end of term, the majority of which expiring in late 2011.
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