Today on Stockhouse
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Thom Calandra looks at how exploration is unfolding at Xtra-Gold Resources’ (OTC:BB: XTGR, Stock Forum) Ghana camp.
Andrea Kramer says D.R. Horton, Inc. (NYSE: DHI, Stock Forum) is plagued by challenges following recent rise in the stock price.
Matt Badiali says the potential for gas discoveries in China is enormous
Top Bullboards post: Posters to the Bard Ventures (TSX: V.CBS, Stock Forum) Bullboard discussed the company’s Lone Pine molybdenum property, which is located in the Omineca Mining Division of B.C. The company’s shares were off more than 5% on the day, but some, like outonthetiles remained positive about Bard’s property. He wrote: “As far as the stock price goes one things for sure.........the stock has gone down and stayed down on very little volume.....when its ready to run it will cut through those shares like a hot knife going through butter. Good news and some positive exposure could push the stock up 100% from here no problem.
“Molyfinder.......once again excellent post!! Its a nice break from reading replies to bashers that clutter up this board with nonsense. I'm looking forward to birdmans reply......the two of you are sure helping me (and I'm sure other's) gain some extra knowledge on the geology involved with the lone pine project.”
Top Bullboard:Spider Resources (TSX: V.SPQ, Stock Forum) and Bard Ventures (TSX: V.CBS, Stock Forum) were the second- and third-most-talked about stocks on the Bullboards Thursday with 72 and 70 posts, respectively.
Top blog:Ghost11 wrote on the GHOST TRADER2 blog that the focus on potash earnings Thursday could provide an opportunity to invest in Viterra (TSX: T.VT, Stock Forum).
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
"It just seems like the market is moving and moving and nothing is going to get in its way," said Steve Stahler, president of the Stahler Group Inc. in Baton Rouge, La. in an interview with Associated Press.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Chevron (NYSE: CVX) |
Q1 |
$1.94 vs. $0.72 |
|
| Newall Rubbermaid (NYSE: NWL) |
Q1 |
$0.18 vs. $0.20 |
|
| Total (NYSE: TOT) |
Q1 |
$1.53 vs. $1.23 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Fortis (TSX: T.FTS) |
Q1 |
$0.58 vs. $0.55 |
|
| TransCanada (TSX: T.TRP) |
Q1 |
$0.51 vs. $0.55 |
|
Today In The Markets
TSX holds onto triple-digit gain as Greek fears ease; loonie movies higher
|
| DJIA |
11,167.32 |
+122.05 |
 |
|
| NASDAQ |
2,511.92 |
+40.19 |
|
|
| S&P500 |
1,206.78 |
+15.42 |
|
|
| S&P/TSX |
12,200.32 |
+123.43 |
|
|
| S&P/TSX Venture |
1,659.97 |
-0.38 |
 |
|
Toronto & New York (the Canadian Press) - The Toronto stock market held onto a triple-digit gain at late morning amid assurances from the European Union that it would conclude talks on a bailout for Greece within days.
The S&P/TSX composite index jumped 111.44 points to 12,188.33 after tumbling the previous two sessions.
The EU said Thursday it expects to reach a deal with the International Monetary Fund and Greek officials to lift Greece out of its "debt spiral" in the next few days.
New York markets rose as investors redirected their attention to signs of an improving economy, including an acquisition of smartphone maker Palm Inc. by Hewlett-Packard Co. and some more upbeat first-quarter earnings.
The Dow Jones industrial average rose 109.96 points to 11,155.23. The S&P 500 added 13.27 points to 1,204.63, while the Nasdaq gained 23.33 points to 2,495.06.
The June crude contract on the New York Mercantile Exchange jumped $1.99 to US$85.21 a barrel, sending the Toronto energy sector up 1.48 per cent. Shares in Suncor Energy Inc. (TSX:SU) added 85 cents to C$34.42.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
United Airlines (NASDAQ: UAUA, Stock Forum) and Continental Airlines (NYSE: CAL, Stock Forum)
United Airlines and Continental Airlines are reportedly on track to announce a multi-billion merger deal on Monday that would create the world’s biggest airline, according to a Wall Street Journal report, citing people familiar with the situation.
Agnico-Eagle Mines Ltd. (TSX: T.AEM, Stock Forum)
Agnico-Eagle Mines Ltd. posted a net profit of $22.3 million, or $0.14 per share, for the first quarter of 2010, down from year ago profit of $54.3 million or $0.35 per share. It attributed the drop in profit to stock-based compensation and a foreign currency translation loss.