Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Peter Kennedy explains why one Sheriff is issuing a Yukon gold warning in his Stockhouse Movers & Shakers column.
Top Bullboards post: “I have held this stock since the fall of 2008 and kept adding to my position as it languished for the last year. I believed in the assets they said were in the ground and it looks like they were right! Remember the FRC Report that was done on CBM Asia about 2 years ago? It was done before TCF doubled their land position in Indonesia and before they had done any drilling. The report said that similar companies with similar assets have been bought out between $6-$10 per share. I anticipate it could be even more than that with the doubling of land and with great results. Hello BP, Arrow Energy... care to make an offer? ;) I am certain the day traders will have some fun in the short term but long term it looks HOT!” From rickpd2005 on the CBM Asia Development (TSX: V.TCF, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog: jRtrader1 calls this junior an unbelievable buy with only 35 million outstanding shares in the Brookmont Capital Inc Update 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
“Overall it’s been a good period, earnings have come in better than expected and the market is just sort of dealing with that right now. We’re very overbought but may have more room to run,” said Robert Pavlik, chief market strategist at Banyan Partners LLC, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Apartment Investment & Management Co. (NYSE: AIV) |
Q1 |
$0.36 vs.$0.25 |
|
| Caterpillar (NYSE: CAT) |
Q1 |
$1.31 vs. $0.36 |
|
| Lear Corp. (NYSE: LEA) |
Q1 |
$1.15 vs. $0.62 |
|
| Newell Rubbermaid (NYSE: NWL) |
Q1 |
$0.28 vs. $0.25 |
|
| Viad Corp (NYSE: VVI) |
Q1 |
$0.28 vs. $ - 0.02 |
|
| Weyerhaeuser Co. (NYSE: WY) |
Q1 |
$0.15 vs. $ - 0.07 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Centerra Gold (TSX: T.CG) |
Q1 |
$0.33 vs. $0.52 |
|
| TransCanada (TSX: (TSX: T.TRP) |
Q1 |
$0.58 vs. $0.48 |
Today In The Markets
Toronto stock market closes marginally in the green as commodities finish higher
|
| DJIA |
12,763.31 |
+72.35 |
 |
|
| NASDAQ |
2,872.53 |
+2.65 |
|
|
| S&P500 |
1,360.48 |
+4.82 |
|
|
| S&P/TSX |
13,894.40 |
+1.83 |
|
|
| S&P/TSX Venture |
2,246.22 |
-5.12 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed in the green with a razor-thin gain Thursday as commodity prices ended the session higher and traders awaited Canadian economic growth data.
The S&P/TSX composite index added 1.83 points to 13,884.4 after it bounced between positive and negative territory all day. The TSX Venture Exchange lost 5.1 points to 2,246.22.
Wall Street markets closed at a 2011 high despite modest economic growth in the U.S.
The Dow Jones industrial average added 72.35 points to 12,763.31. The Nasdaq index was up 2.65 points at 2,872.53 while the Standard & Poor's 500 index gained 4.82 points to 1,360.48.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Microsoft Corp. (NASDAQ: MSFT, Stock Forum)
Microsoft Corp. announced third-quarter revenue of $16.43 billion for the quarter ended Mar. 31, 2011, a 13% increase from the same period of the prior year. Operating income, net income, and diluted earnings per share for the quarter were $5.71 billion, $5.23 billion, and $0.61 per share, which represented increases of 10%, 31%, and 36%, respectively, when compared with the prior year period. Diluted earnings per share included a $0.05 tax benefit primarily related to an agreement with the U.S. Internal Revenue Service to settle a portion of their audit of tax years 2004 to 2006.
Osisko Mining Corp. (TSX: T.OSK, Stock Forum)
Osisko Mining Corp. provided a revised summary of the annual mine production plan for its 100%-owned Canadian Malartic project. This new plan is based on the $US1000 gold reserve estimate of 10.71M ounces gold that was recently disclosed (see March 31, 2011 press release). G Mining Services of Montreal are the independent consultants for Osisko who have authorized the release of the following plan. Highlights include: Gold production (which started this month) will total 1.02 M ounces over the next 18 months; Recoverable gold has increased by 1.46 M ounces to 9.18 M ounces (at 85.8% recovery) from the previously disclosed figure of 7.72 M ounces (at 86.1% recovery; see February 10, 2010 press release).