Today on Stockhouse
Keith Schaefer focuses on ways to invest in the Paris Basin shale oil play.
James Turk looks at the looming shorts v longs battle as silver approaches US$21.
Andrea Kramer explains why bearish bets could be a boon to JA Solar.
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Top Bullboards post: “I have said it before, I will say it again. The big institutions are grabbing every damn share that comes up. Anony just took down almost 300,000 at 15 cents as they figured they can’t get more cheap shares. I like to buy stocks that the big boys are accumulating. Cheers Roy. From Junit, in the Troymet Exploration Corp. (TSX: V.TYE, Stock Forum) board.
Top Bullboard: Gold Bullion Development (TSX: V.GBB, Stock Forum) was the most posted Bullboard and earned the highest number of reads.
Top blog: FoxTek, in the Foxteck’s Find blog, says Omni-Lite Industries Canada Inc. is so under the radar (TSX: V.OML, Stock Forum) that news that hit the wire, late Wednesday, cannot be ignored. He is referring to news that Omni-Lite has been selected as a U.S. source for a key battery program.
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 key thing to realize is stocks right now are priced for a double-dip recession. I don’t think that’s going to happen, but for right now the perception is very negative, and there isn’t enough change in reality to change the perception,” David Kelly, chief market strategist at JPMorgan Funds, told MarketWatch in a reference to mixed economic reports.
“The pullback is partly a lack of fresh retail money going into the market,” Kelly added.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Ameron International (NYSE: AMN) |
Q3 |
$0.86 vs $0.65 |
|
| KB Home (NYSE: KBH) |
Q3 |
-$0.15 vs -$0.87 |
|
| Matrix Service Co. (NASDAQ: MTRX) |
Q4 |
$0.13 vs $0.26 |
|
Today In The Markets
Stock markets finish session lower amid mixed readings of U.S. economy
|
| DJIA |
10,662.42 |
-76.89 |
 |
|
| NASDAQ |
2,327.08 |
-7.47 |
|
|
| S&P500 |
1,124.83 |
-9.45 |
|
|
| S&P/TSX |
12,101.79 |
-45.47 |
|
|
| S&P/TSX Venture |
1,688.03 |
-0.67 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market moved lower Thursday as a mixed bag of U.S. data failed to ease worries about the strength of the economic recovery.
The S&P/TSX composite index fell 45.47 points to 12,101.79 while the TSX Venture Exchange moved down 0.67 of a point to 1,688.03.
New York's Dow Jones industrial average closed 76.89 points lower at 10,662.42.
The Nasdaq composite index gave back 7.47 points to 2,327.08 and the S&P 500 index was down 9.45 points at 1,124.83.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Nike Inc. (NYSE: NKE, Stock Forum)
Nike Inc. reported its financial results for its fiscal 2011 first quarter ended August 31, 2010. The company said revenue rose 8% to $5.18 billion in the quarter from $4.8 billion in the same period last year. Net income for the quarter rose to $559 million or $1.14 a share from $513 million or $1.04 a share in the year earlier period.
Nevada Sunrise Gold Corp. (TSX: V.NEV, Stock Forum)
Nevada Sunrise Gold Corp. said the comnpany, on behalf of the earn-in joint venture with Animas Resources Ltd. (TSX: V.ANI, Stock Forum), has increased the size of its Golden Arrow property in Nevada by staking a total of 84 additional claims along the north and south boundary of the current block. The estimated area of land covered by these claims is just over 1,500 acres (about 607 hectares). The Golden Arrow property is located in the central Nevada high desert, approximately 60 kilometers (40 miles) east of Tonopah