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Stockhouse @ the Bell: Stocks get earnings boost

Stockhouse Editorial
0 Comments| April 21, 2011

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Today on Stockhouse

Your opinion matters. Submit an article to Stockhouse today at Submission guidelines can be found here.

Peter Kennedy argues that Pro-Or's PGM plant might rattle its shares in the Stockhouse Short Report.

And, Larry D. Spears of Money Morning explains why these silver options strategies could be lucrative for investors.

Top Bullboards post: “Current share price $2.30 - $2.35. Here is a quick in-situ gold chart to show share valuation versus peers (as of April 2011). So with a reasonable sized deposit (say 3 million oz) - Fair value (as dictated by current market values) would be between $3.62 and $5.41, above that the share price is demanding a strong premium, or expectation of more oz. I would look to take profits if the share price jumps into the higher zones. Current share price would be considered average valuation for a 2 million oz deposit. Everyone is free to speculate from there.” From Gold69Member on the Newstrike Capital (TSX: V.NES, Stock Forum) board.

Top Bullboard:Copper Fox Metals (TSX: V.CUU, Stock Forum) received the second-most reads and posts.

Top blog: MRSPEC believes this gold/copper junior is showing signs of a breakout in the Day trade or buy and hold 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

“Earnings do tend to drive the market, and that’s what we’re seeing,” said Rose Greene, owner of Rose Greene Financial, an independent representative of LPL Financial, in an interview with MarketWatch.

Selected expected U.S. earnings releases for Monday
(Consensus Estimates vs. Last Year)
Advance America, Cash Advance (NYSE: AEA) Q1 $0.24 vs. $0.22 (NASDAQ: CYOU) Q1 $0.92 vs. $0.75
First Solar (NASDAQ: FSLR) Q1 $1.17 vs. $2.00
Hecla Mining Co. (NYSE: HL) Q1 $0.12 vs. $0.07
Johnson Controls (NYSE: JCI) Q2 $0.55 vs. $0.43 (NASDAQ: SOHU) Q1 $0.96 vs. $0.73

Today In The Markets

TSX advances as oil, metals rise, investors take in positive earnings

DJIA 12,505.99 +52.45 Click to enlarge
NASDAQ 2,820.16 +17.65 Click to enlarge
S&P500 1,337.38 +7.02 Click to enlarge
S&P/TSX 13,972.02 +74.54 Click to enlarge
S&P/TSX Venture 2,281.64 +18.75 Click to enlarge

Toronto & New York (The Canadian Press) - Mining and energy stocks pushed the Toronto stock market higher Thursday as a weak U.S. dollar helped push up prices for oil and metals.

The S&P/TSX composite index rose 74.54 points to 13,972.02 as investors also took in positive earnings news while the TSX Venture Exchange climbed 18.75 points to 2,281.64.

New York indexes also finished higher the Dow Jones industrial average up 52.45 points to 12,505.99.

The Nasdaq composite index advanced 17.65 points to 2,820.16 while the S&P 500 index gained 7.02 points to 1,337.38.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

AMD (NYSE: AMD, Stock Forum)
AMD reported its financial results for the first quarter ended April 2nd, 2011. The company said first quarter net income was $56 million or 8 cents a share, compared to $63 million or 9 cents in the same period last year. Revenue in the first quarter rose to $1.61 billion, a 2% increase from $1.57 billion a year earlier.

Dundee Corp. (TSX: T.DC.A, Stock Forum)
Dundee Corp. announced that it has acquired, in a private placement, 6,500,000 units of Golden Share Mining Corp. at a price of $0.20 per unit. Each unit is comprised of one common share in the capital of Golden Share Mining and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.32 for a period of 24 months from the date of closing. This holding represents an approximate 7.57% interest in Golden Share Mining on an undiluted basis or an approximate 14.07% interest assuming the conversion of all Warrants.

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