Today on Stockhouse
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Thom Calandra is in Peru looking at copper properties.
Natural gas is cheap, and Matt Badiali has suggestions for ways to speculate on the commodity.
While gold trader Adam Hewison explains that sometimes gold can be a horrible investment.
And the put/call ratio for Garmin (NASDAQ: GRMN, Stock Forum) suggests that recent gains by the stock belie Street skepticism about the GPS company, according to Andrea Kramer.
Top Bullboards post: On the Eagle Hill Exploration (TSX: V.EAG, Stock Forum) Bullboard, Chunderman wrote: “The assays in new hole EAG-10-213, at least to 400 m, are pretty feeble compared to the good parts of hole 196.
“And so it goes in the world of gold exploration. Veins are hard things to follow, as they can come and go. For every holes that hits there are usually several misses along the way.”The company’s share price slumped 16% after it reported that it had completed its first phase of drilling on the Windfall Lake property in northwestern Quebec.
Top Bullboard: Mercator Minerals (TSX: T.ML, Stock Forum) was the number three Bullboard on the day it released Q4 and 2009 financial results.
Top blog: Red Mars posted about his penny stock trading and tax strategy in the Notes From a Cyber Trader 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
“Manufacturing numbers are pretty strong,” said Philip Dow, the Minneapolis-based director of equity strategy at RBC Wealth, in an interview with Bloomberg. “You’ve got profound operational leverage and costs are pretty low. If you have any kind of resilience in the sales line, you’re going to see better-than- expected corporate earnings. It seems that the end of the world has been averted.”
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Fifth Street Finance (NYSE: FSC) |
Q4 |
$0.27 vs. $0.33 |
|
| Joe’s Jeans (NASDAQ: JOEZ) |
Q4 |
$0.01 vs. $0.01 |
| Volt Informatioin Sciences (NYSE: VOL) |
Q4 |
N/A vs. -$0.59 |
|
| Scholastic Corp (NASDAQ: SCHL) |
Q4 |
-$0.12 vs. -$0.12 |
|
| Worthington (NYSE: WOR) |
Q4 |
$0.20 vs. $0.02 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| High River Gold Mines (TSX: T.HRG) |
Q4 |
N/A vs. N/A |
|
| Jinshan Gold Mines (TSX: T.JIN) |
Q4 |
N/A vs. N/A |
|
Today In The Markets
Manufacturing data boosts markets, while RIM results weigh
|
| DJIA |
10,927.07 |
+70.44 |
 |
|
| NASDAQ |
2,402.58 |
+4.62 |
|
|
| S&P500 |
1,178.10 |
+8.67 |
|
|
| S&P/TSX |
12,151.06 |
+113.33 |
|
|
| S&P/TSX Venture |
1,602.54 |
+25.99 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market got off to a strong start to second quarter trading Thursday as new manufacturing data gave added support to prospects for a continuing economic recovery.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Harry Winston Diamonds (TSX: T.HW, Stock Forum)
The diamond miner and seller reported a smaller Q4 loss after the close on Thursday due to increased sales. For the three-month period ending January 31, the company lost $3.4 million or 4 cents per share. That’s an improvement over its year ago loss of $473 million of $1.19 per share when the company had a one-time charge of $93.8 million or $1.53 per share. Sales climbed 13% to $133.7 million.
Rare Earth Metals (TSX: V.RA, Stock Forum)
The prospecting company announced that it had completed an 18 hole drill program at its Clay-Howells prospect in northern Ontario due to spring break up, and is now awaiting results. As well, the company announced that Wade Dawe and Ken Cai have resigned their roles on the company’s board, although both will continue with the company in advisory roles. In their place, Rare Earth appointed William Harper and Wayne Reid as directors. They are an accountant and a geologist, respectively.