Today on Stockhouse
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James Turk of GoldMoney.com explains why it's time to watch the gold/silver ratio.
Top Bullboards post: "I've held this thing for a few years and am just now getting on the plus side which is great. I love the recent move but what I don't understand is that it's kept strong (and rising) even with copper easing off a bit the past few days. I swore I'd sell when I got even but now I'm wondering if I should ride it higher. I'm aware of the possibility of more production from other copper tailings and the talk of a dividend reinstatement but I think this news has been out for awhile." From powers18 on the Amerigo Resources (TSX: T.ARG, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog: Architeuthis points to an article showing that miners are getting pinched by inflation in the Thoughts from the deep 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.
Today on Stockhouse
"We're looking at a three-day weekend," said Brian Gendreau, market strategist at Financial Network, in an interview with MarketWatch. "If anything, I would expect the market might be down a little bit because people might be closing out their positions ahead of the weekend."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Hewlett-Packard Company (NYSE: HPQ) |
Q1 |
$1.29 vs. $1.07 |
|
| Home Depot (NYSE: HD) |
Q4 |
$0.31 vs. $0.24 |
|
| Unit Corp. (NYSE: UNT) |
Q4 |
$0.89 vs. $0.60 |
|
| Wal-Mart Stores (NYSE: WMT) |
Q4 |
$1.31 vs. $1.17 |
|
Today In The Markets
Toronto stock market down amid rising oil, gold prices, tame inflation data
|
| DJIA |
12,391.25 |
+73.11 |
 |
|
| NASDAQ |
2,833.95 |
+2.37 |
|
|
| S&P500 |
1,343.01 |
+2.58 |
|
|
| S&P/TSX |
14,123.11 |
-13.04 |
 |
|
| S&P/TSX Venture |
2,423.68 |
+1.79 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed slightly lower Friday as geopolitical concerns boosted oil prices and mining stocks continued to decline amid a sharp drop in the price of copper this week.
The S&P/TSX composite index slipped 13.04 points to 14,123.11 while the TSX Venture Exchange inched up 1.79 points to 2,423.68.
The Dow Jones industrial average climbed 73.11 to 12,391.25.
The Nasdaq composite index added 2.37 points to 2,833.95 while the S&P 500 index was up 2.58 points to 1,343.01.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Pinetree Capital Ltd. (TSX: T.PNP, Stock Forum)
Pinetree Capital Ltd., announces that through a series of transactions ending on February 17, 2011, it acquired ownership of 833,500 common shares of Expedition Mining Inc. (TSX: V.EXU, Stock Forum) through the facilities of the TSX Venture Exchange, representing approximately 1.7% of the total issued and outstanding common shares of Expedition as of February 17, 2011. As a result of this transaction, Pinetree held, as at February 17, 2011, an aggregate of 6,851,500 common shares of Expedition, including the Common Shares, or approximately 14.2% of all issued and outstanding common shares as at February 17, 2011.