Today on Stockhouse
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Thom Calandra reports from South America about a forthcoming listing for a promising Colombia gold company.
While John Derrick of U.S. Global Investors makes the case that China’s housing market is no bubble.
And nuclear energy should be the focus of the Obama Administration’s green energy plan, argues Marin Katusa of Casey Research.
Meanwhile, options trades suggest that the lucky streak for Las Vegas Sands (NYSE: LVS, Stock Forum) investors may be ending, according to Andrea Kramer of Schaeffers Research.
Top Bullboards post: After Inter Citric Minerals (TSX: T.ICI, Stock Forum) announced an investment from China gold giant Zijin Mining, Teatimenow crowed: “somehow ici wasn`t halted here in Germany. got in cheap. this is great news. financing is more than 10% over last closing price. big boys on board now. doing some DD now.”
Top Bullboard: After ARISE Technologies (TSX: T.APV, Stock Forum) announced preliminary first quarter results, its shares skyrocketed 184% and it shot to the top of the Bullboards list with 158 posts.
Top blog: MRSPEC looks at a uranium junior in the It’s Hard Not being a GOLD BUG.
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
"We've been rallying for two months, at some point in time the comet begins to lose energy," said Burt White, chief investment officer at LPL Financial in an interview with Marketwatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Bank of America (NYSE: BAC) |
Q1 |
$0.09 vs. $0.44 |
|
| First Horizon National Corp ( (NYSE: FHN) |
Q1 |
-$0.16 vs. -$0.37 |
|
| General Electric (NYSE: GE) |
Q1 |
$0.16 vs. $0.26 |
|
| Mattel (NYSE: MAT) |
Q1 |
-$0.03 vs.-$0.14 |
|
|
Today In The Markets
China economic news and earnings lift markets
|
| DJIA |
11,144.57 |
+21.46 |
 |
|
| NASDAQ |
2,515.69 |
+10.83 |
|
|
| S&P500 |
1,211.67 |
+1.02 |
 |
|
| S&P/TSX |
12,211.52 |
+7.11 |
|
|
| S&P/TSX Venture |
1,679.50 |
+4.62 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market moved slightly higher amid strong economic data from China.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Google (NASDAQ: GOOG, Stock Forum)
The search giant posted a jump in Q1 profits on Thursday. The company reported net income jumped to $1.96 billion or $6.06 per share from $1.42 billion or $4.49 per share in the comparable quarter a year ago. Excluding items, the company would have earned $6.76 per share. Net revenue amounted to $5.06 billion. Analysts had forecast the company to earn $6.60 per share on net revenue of $4.95 billion, on average.
Peyto Energy Trust (TSX: T.PEY.UN, Stock Forum)
The trust confirmed after the market close that it would pay its April distribution of 12 cents per trust unit on May 14, 2010.
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