Today on Stockhouse
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David Galland of Casey Research explains the significance of Colombia being open for resource investing.
And, Martin Hutchinson of Money Morning speculates on where China is putting its money now that it is selling U.S. Treasuries.
Top Bullboards post: “Your cash flows seem a tad conservative. Perhaps $25 million might be more in line with the large cash flows from quarter 4. Regardless, the turnaround in profitability has been remarkable. If they can now get the stock some visibility, it might hit $1 as the economy improves.” From birchjunk on the EnGlobe (TSX: T.EG, Stock Forum) board.
Top Bullboard: Ecometals (TSX: V.EC, Stock Forum) collected the second-most posts and reads.
Top blog: ghost11 lists stocks the blogger is planning to buy on dips in the GHOST TRADER2 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
"The Fed certainly isn't exiting the easy money policy door yet," said Burt White, chief investment officer at LPL Financial, in an interview with Associated Press. "They have their coats and boots on."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Asbury Automotive Group (NYSE: ABG) |
Q4 |
$0.16 vs. $ - 0.08 |
|
| Campbell Soup Co. (NYSE: CPB) |
Q2 |
$0.73 vs. $0.65 |
|
| Caribou Coffee (NASDAQ: CBOU) |
Q4 |
$0.19 vs. $0.07 |
|
| Domino's Pizza (NYSE: DPZ) |
Q4 |
$0.25 vs. $0.19 |
|
| Internet Gold Golden Lines (NASDAQ: IGLD) |
Q4 |
$0.78 vs. $0.04 |
|
| Salesforce.com (NYSE: CRM) |
Q4 |
$0.15 vs. $0.11 |
|
| Sotheby's (NYSE: BID) |
Q4 |
$0.67 vs. $0.14 |
|
| Waste Services (NASDAQ: WSII) |
Q4 |
$0.12 vs. $0.07 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Biovail Corporation (TSX: T.BVF) |
Q4 |
US$0.37 vs. $0.34 |
|
| Gran Tierra Energy (TSX: T.GTE) |
Q4 |
US$0.12 vs. $ - 0.07 |
|
| Magna International (TSX: T.NXY) |
Q4 |
US$0.81 vs. $ - 0.68 |
|
| Silver Wheaton (TSX: T.SLW) |
Q4 |
US$0.15 vs. $0.04 |
|
|
Today In The Markets
Stock markets close higher as Federal Reserve eases emergency bank supports
|
| DJIA |
10,402.35 |
+9.45 |
 |
|
| NASDAQ |
2,243.87 |
+2.16 |
|
|
| S&P500 |
1,109.17 |
+2.42 |
|
|
| S&P/TSX |
11,709.29 |
+14.45 |
|
|
| S&P/TSX Venture |
1,531.90 |
+8.22 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market closed higher Friday as investors came around to the view that the U.S. Federal Reserve's decision to begin dismantling emergency lending measures for banks is actually a positive.
The S&P/TSX composite index moved up 14.45 points to 11,709.29 - finishing higher for eight sessions in a row - after the U.S. central bank said Thursday that it would bump up its "discount" rate by one-quarter point to 0.75 per cent.
The Dow Jones industrial average edged up 9.45 points to 10,402.35. The Nasdaq composite index was 2.16 points higher at 2,243.87, while the S&P 500 index moved ahead 2.42 points to 1,109.17.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Loncor Resources (TSX: V.LN, Stock Forum)
After Friday’s close, Newmont Mining announced that its wholly-owned subsidiary, Newmont Mining Corporation of Canada Limited, acquired 4,000,000 units of Loncor by way of private placement at a price of $1.25 per unit for aggregate gross proceeds to Loncor of $5 million.
|