Today on Stockhouse
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Brian Hunt of Growth Stock Wire explains why he thinks this "boom and bust" commodity is heading higher.
While Clif Droke takes a look at gold's long-term outlook.
Top Bullboards post: “Shaping up to be big... So far we have: 102 metres of 1.52 grams gold / tonne ("g/t Au"); 70 Metres of 2.10 Grams Gold / Tonne ("g/t Au"). 1.5 KM+ strike length and growing and today's metallic/fire assays yielding higher grades - yup I'd say this is still under the radar.” From FoxTek1 on the Channel Resources (TSX: V.CHU, Stock Forum) board.
Top Bullboard:Copper Fox Metals (TSX: V.CUU, Stock Forum) received the most reads and the second-most posts on a day its stock popped more than 17%.
Top blog: balraj_rakhra believes this exploration stock could be the next 10 bagger in the Investment Ideas 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
"Portugal's bailout appears to have been entirely priced into markets, as there was little reaction to the announcement," said Benjamin Reitzes, an analyst at BMO Capital Markets, in an interview with Associated Press. "Attention will now turn entirely to Spain, though the decline in yields and credit default swap spreads so far this year suggest markets aren't concerned about contagion."
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Blyth (NYSE: BTH) |
Q4 |
$2.06 vs. $3.60 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Cogeco (TSX: T.CGO) |
Q2 |
$0.75 vs. $0.63 |
|
| Cogeco Cable (TSX: T.CCA) |
Q2 |
$0.68 vs. $0.61 |
|
Today In The Markets
Financial, resource stocks lead TSX lower; crude oil jumps past US$110
|
| DJIA |
12,409.49 |
-17.26 |
 |
|
| NASDAQ |
2,796.14 |
-3.68 |
|
|
| S&P500 |
1,333.51 |
-2.03 |
|
|
| S&P/TSX |
14,107.77 |
-94.88 |
|
|
| S&P/TSX Venture |
2,375.54 |
+12.11 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed lower Thursday as energy and mining stocks failed to respond to higher oil and metals prices while traders dealt with more uncertainty after another earthquake struck Japan.
The S&P /TSX composite index lost 94.88 points to 14,107.77 after Japan ’s northeastern coast was hit with a strong aftershock that measured 7.4 on the Richter scale . But the index moved off session lows after a tsunami warning for a coastal area already ravaged by last month’s tsunami was cancelled.
The TSX Venture Exchange gained 12.11 points to 2,375.54.
New York markets were slightly lower amid positive retail and employment data with the Dow Jones industrial average down 17.26 points at 12,409.49.
The Nasdaq composite index shed 3.68 points to 2,796.14 while the S&P 500 index lost 2.03 points to 1,333.51.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Seagate Technology plc (Nasdaq: STX, Stock Forum)
Seagate Technology plc announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per share. The first dividend will be payable on June 1, 2011 to shareholders of record as of the close of business on May 2, 2011. This dividend represents a quarterly payout of approximately $75 million in aggregate, or $300 million on an annualized basis.
For the fiscal third quarter which ended April 1, 2011, Seagate management expects to report revenue of approximately $2.7 billion, unit shipments of 49 million and gross margin as a percent of revenue near or slightly above the high-end of the original outlook range of 18-19%.
U3O8 Corp. (TSX: V.UWE, Stock Forum)
U3O8 Corp., a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, reports an initial National Instrument 43-101 resource estimate on the uranium- and vanadium- bearing gravels in the Laguna Salada Project, Chubut Province, Argentina as follows: For uranium, the company has outlined an indicated resource of 6.3 million pounces. For vanadium the indicated resource is 57 millon pounds.