Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Ticker Trax’s Thom Calandra examines the challenges of raising money for small prospectors.
This as Richard (Rick) Mills writes about junior potash developers that are sitting on big assets.
Top Bullboards post: “The interesting thing to see is that although there is gold filling all the cracks in the rock and that alone would be enough to get people really excited, a lot of the rock is sort of an orange colour where there is no cracking at all... and this orange is quartz finely blended in with gold! It is also amazing how high concentrations of gold are showing up all over the property...a lot of potential here. Even more amazing is the fact that they are right on an existing road, 40 km from a mining workforce, and there is a mill at another mining project nearby that might be sold off to them in a few years when its ore base is depleted.” From SeventhSon7 on the Northern Tiger Resources (TSX: V.NTR, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the second-most reads.
Top blog: littleguy123 debates whether the silver price's 'smooth ride' will lead past $30 in the Outside the Market blog.
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
“It’s encouraging that the Dow has gone above the early August high,” said Brian Lazorishak, portfolio manager and quantitative analyst at Chase Investment Counsel, in an interview with MarketWatch. “We’d like to see that confirmed by the transports, which hasn’t happened yet, but we’ll be willing to give it the benefit of the doubt here.”
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Jabil Circuit (NYSE: JBL) |
Q4 |
$0.49 vs. $0.16 |
|
| Paychex (NASDAQ: PAYX) |
Q1 |
$0.34 vs. $0.34 |
|
| Thor Industries (NYSE: THO) |
Q4 |
$0.63 vs. $0.45 |
|
Today In The Markets
TSX higher as U.S. durable goods data boosts commodities; gold hits fresh record
|
| DJIA |
10,860.26 |
+197.84 |
 |
|
| NASDAQ |
2,381.22 |
+54.14 |
|
|
| S&P500 |
1,148.67 |
+23.84 |
|
|
| S&P/TSX |
12,204.86 |
+103.07 |
|
|
| S&P/TSX Venture |
1,699.55 |
+11.52 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed with a solid advance Friday after a better than expected reading on U.S. orders for big ticket manufactured goods raised hopes of higher demand for oil and metals.
The TSX ended the week with a slight advance, up 40 points or 0.33 per cent amid gains in mining stocks and losses in the energy and financial sectors.
New York markets surged following the durable goods data with the Dow Jones industrials up 197.84 points at 10,860.26.
The Nasdaq composite index rose 54.14 points to 2,381.22 while the S&P 500 index gained 23.84 points to 1,148.67.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
HSBC Holdings plc. (NYSE: HBC, Stock Forum)
HSBC Holdings plc. unveiled the leadership team that will take forward HSBC's position as the world's leading international bank which has been sustained and enhanced under the leadership of Stephen Green and Michael Geoghegan. Douglas Flint will succeed Stephen Green as Group Chairman and Stuart Gulliver will be appointed Group Chief Executive, following Michael Geoghegan's decision to retire early next year.
Sonde Resources Corp. (TSX: T.SOQ, Stock Forum)
Sonde Resources Corp. announced that Robb Thompson, chief financial officer, has decided to leave the company to pursue other interests. Mr. Thompson has agreed to be available to the company as needed through October. "On behalf of Sonde's board of directors, I would like to thank Robb for his contributions to the Company and wish him well in his future endeavors," said Marvin Chronister, Chairman of the Board.