Today on Stockhouse
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Jeff Clark of Casey Research debates whether silver is getting too popular.
This as Jeff Nielson presents the third part of his making money on miners series.
Top Bullboards post: “Forget about area plays buy RVS. Agreement sees no way of getting RVS out, they will keep their 40% + shares of ROG. ROG up 140% RVS up 19% see something here. + RVS has almost 2 million ounces NI 43-101 compl.” From Teatimenow on Roxgold (TSX: V.ROG, Stock Forum) board.
Top Bullboard:Copper Fox Metals (TSX: V.CUU, Stock Forum) received the most reads and the second-most posts.
Top blog: littleguy123 discusses why the war of rhetoric on U.S. budget is nearing a climax 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
“Part of the story is everybody’s waiting in great anticipation of the earnings season, which effectively starts Monday and gets on a real roll a week from Monday,” said analyst Hugh Johnson, chairman of Hugh Johnson Advisors, in an interview with MarketWatch. “We’ve already received hints that earnings will be impacted, energy companies will benefit and airlines will be penalized by the rise in oil prices.”
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Alcoa, Inc. (NYSE: AA) |
Q1 |
$0.27 vs. $0.10 |
|
| Fidelity Southern (NASDAQ: LION) |
Q1 |
$0.16 vs. $0.11 |
|
| iGATE Corporation (NASDAQ: IGTE) |
Q1 |
$0.27 vs. $0.20 |
|
| Ladish Co. (NASDAQ: LDSH) |
Q1 |
$0.39 vs. $0.34 |
|
| Titan Machinery (NASDAQ: TITN) |
Q4 |
$$0.35 vs. $0.19 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| 5N Plus, Inc. (TSX: T.VNP) |
Q3 |
$0.09 vs. $0.09 |
|
Today In The Markets
Toronto stock market rises as lower U.S. dollar sends commodity prices higher
|
| DJIA |
12,380.05 |
-29.44 |
 |
|
| NASDAQ |
2,780.42 |
-15.72 |
|
|
| S&P500 |
1,328.17 |
-5.34 |
|
|
| S&P/TSX |
14,208.43 |
+100.66 |
 |
|
| S&P/TSX Venture |
2,388.79 |
+13.25 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed higher Friday amid rising oil and mining stocks as a weak American currency helped send oil prices surging and gold to fresh record highs.
The S&P/TSX composite index jumped 100.66 points to 14,208.43 while the TSX Venture Exchange gained 13.25 points to 2,388.79.
New York markets were negative as President Barack Obama and congressional leaders tried to avert a government shutdown that all sides say would inconvenience millions of people and damage the economy.
The Dow Jones industrial average was 29.44 points lower at 12,380.05.
The Nasdaq composite index lost 15.73 points to 2,780.41 while the S&P 500 index dipped 5.34 points to 1,328.17.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Kaminak Gold Corp. (TSX: V.KAM, Stock Forum)
Kaminak Gold Corp. is pleased to announce that further to its annual general meeting, the shareholders have approved the appointment of Garth Kirkham to the board of directors, subject to regulatory approval. Kaminak Gold's Board of directors has granted an aggregate of 1,205,000 stock options, subject to regulatory approval, to an insider of the corporation. The options will have an exercise price of $4.03 per common share, with a hold period of four months and will expire on April 8th, 2016