Today on Stockhouse
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TickerTrax’s Danny Deadlock writes about a prospective natural gas play.
This as Nick Barisheff provides a gold outlook for 2011, citing irreversible upward pressures and the China effect.
Top Bullboards post: “I hope they do not give away any warrants away for free when they finance this deal. May be then can do a similar deal they did when they raised a few million dollars with an Australian resource fund where they didn't have to issue any warrants. At the current share price of $1.8 they need to only dilute by about 3 million shares. I can live with that.” From sazfar13 on the Stans Energy (TSX: V.RUU, Stock Forum) board.
Top Bullboard:Alange Energy (TSX: V.ALE, Stock Forum) received the most reads and posts on a day its stock price plunged more than 38%.
Top blog: Alexis08 presents some junior miners Sprott Asset Management's been buying in the Metals & Money blog.
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 (first-time applications for unemployment benefits) was a disappointing number," said Kim Caughey Forrest, an analyst at Fort Pitt Capital, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| DHT Holdings (NYSE: DHT) |
Q4 |
$0.10 vs. $0.08 |
|
| JPMorgan Chase & Co. (NYSE: JPM) |
Q4 |
$0.99 vs. $0.74 |
|
| M&T Bank (NYSE: MTB) |
Q4 |
$1.45 vs. $1.04 |
|
Today In The Markets
Falling gold stocks depress TSX amid more merger and acquisition activity
|
| DJIA |
11,731.90 |
-23.54 |
 |
|
| NASDAQ |
2,735.29 |
-2.04 |
|
|
| S&P500 |
1,283.76 |
-2.20 |
|
|
| S&P/TSX |
13,401.48 |
-58.73 |
|
|
| S&P/TSX Venture |
2,289.00 |
-14.46 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed lower Thursday, dragged down by gold stocks despite major merger and acquisition activity in the mining and retail sectors.
The S&P /TSX composite index lost 58.73 points to 13,401.48 as investors pulled back after two strong sessions, while the TSX Venture Exchange moved down 14.46 points to 2,289.
New York markets were lower in the wake of data showing that more people are applying for unemployment benefits.
The Dow Jones industrial average fell 23.54 points to 11,731.9.
The Nasdaq composite index slipped 2.04 points to 2,735.29 while the S&P 500 index lost 2.2 points to 1,283.76.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Intel Corp. (NASDAQ: INTC, Stock Forum)
Intel Corp. said 2010 was the best year in the company’s history and predicted that 2011 will be even better. The forecast came after Intel reported full-year revenue of $43.6 billion, operating income of $15.9 billion, net income of $11.7 billion, and EPS of $2.05 -- all records. For the fourth-quarter, the company posted revenue of $11.5 billion. The company reported fourth-quarter operating income of $4.3 billion, net income of $3.4 billion, and EPS of 59 cents. Fourth-quarter revenue, operating income, net income, and EPS were also all records.
Loncor Resources Inc. (TSX: V.LN, Stock Forum)
Loncor Resources Inc. announced that it has entered into an agreement with a syndicate of underwriters, have agreed to purchase, on a bought deal private placement basis, 8,500,000 common shares of the company at a price of C$2.35 per share for aggregate gross proceeds to Loncor of C$19,975,000. The company also intends to undertake a non-brokered private placement of up to 1,700,000 common shares of the company at a price of C$2.35 per share for aggregate gross proceeds to Loncor of up to C$3,995,000. The company plans to use the proceeds to finance exploration in the Democratic Republic of Congo.