Today on Stockhouse
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James Turk of GoldMoney.com expects another short squeeze in the precious metals.
While Matt Badiali of Growth Stock Wire believes this is the best energy investment you can make this year.
Top Bullboards post: “Now that the Lincoln problem has been resolved, I think we can expect to see Kingsway fight its way back to where it has been in the past. A sadder but wiser company, no doubt. I've increased my position now and will continue to acquire for a long term (3-4 year) perspective.” From prested on the Kingsway Financial Services (TSX: T.KFS, Stock Forum) board.
Top Bullboard:ARISE Technologies (TSX: T.APV, Stock Forum) received the most reads and posts on a day its stock dropped 23%.
Top blog:Ducimus provides an extensive list of stocks that could be set to move higher in his Ducimus Plinius blog.
Word on Wall Street
"Basically it's sell, and ask questions later," said Quincy Krosby, market strategist at Prudential Financial, in an interview with Associated Press. "A market that wants to sell off will find an excuse."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Assured Guaranty (NYSE: AGO) |
Q1 |
$0.79 vs. $0.69 |
|
| Atheros Communications (NASDAQ: ATHR) |
Q1 |
$0.51 vs. $0.06 |
|
| Bottomline Technologies (NASDAQ: EPAY) |
Q3 |
$0.23 vs. $0.15 |
|
| CF Industries Holdings (NYSE: CF) |
Q1 |
$1.50 vs. $1.28 |
|
| Citigroup, Inc. (NYSE: C) |
Q1 |
$0.00 vs. $ - 0.18 |
|
| International Business Machines (NYSE: IBM) |
Q1 |
$1.93 vs. $1.70 |
|
| Werner Enterprises (NASDAQ: WERN) |
Q1 |
$0.16 vs. $0.10 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Husky Energy (TSX: T.HSE) |
Q1 |
$0.52 vs. $0.39 |
|
Today In The Markets
Stocks retreat, Goldman Sachs charged with civil fraud; earnings fail to please
|
| DJIA |
11,018.66 |
-125.91 |
 |
|
| NASDAQ |
2,481.26 |
-34.43 |
|
|
| S&P500 |
1,192.13 |
-19.54 |
|
|
| S&P/TSX |
12,070.66 |
-140.86 |
|
|
| S&P/TSX Venture |
1,666.84 |
-12.66 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market closed sharply lower Friday with financial shares a weight after U.S. federal regulators filed civil fraud charges against Goldman Sachs over its dealings in the subprime mortgage market.
The S&P/TSX composite index dropped 140.86 points to 12,070.66 and the TSX slipped 12.66 points to 1,666.84.
The Dow Jones industrial average fell 125.91 points to 11,018.66. The Nasdaq composite index dropped 34.43 points to 2,481.26 while the S&P 500 index lost 19.54 points to 1,192.13.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Golden Hope Mines (TSX: V.GNH, Stock Forum)
After Friday’s close, the junior explorer said it has entered into an agreement to purchase a 10% net proceeds royalty in regard to certain of its mining claims located in Quebec from Gold Belt Mining.