Today on Stockhouse
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Peter Kennedy looks at the Lone Star promotion saga in his Stockhouse Short Report.
Richard Mills focuses on The politics of personal destruction.
David Fessler keys in on a natural gas company that you need to watch out for.
Top Bullboards post: “I didn’t see that one coming! That’s incredible! Back up the truck! Wooooo blue sky! Mortgage the house! There’s a Western Potash party in my mouth! If you mean one fund managed by Canaccord wanting out and another Canaccord-managed fund wanting to take a position and cross-trading for efficiency is incredible…..you better believe that’s incredible!” From richajer on the Western Potash Corp. (TSX: T.WPX, Stock Forum) board.
Top Bullboard: Intertainment Media Inc. (TSX: V.INT, Stock Forum) received the most posts and the second highest number of reads.
Top blog: Mr. Spec tells investors to put pending assays results from both Decade Resources Ltd. (TSX: V.DEC, Stock Forum) and Ascot Resources Ltd. (TSX: V.AOT, Stock Forum) on the radar screen in the Day trade or buy and hold 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
“There hasn’t really been a catalyst” to push gold higher, but the lingering concerns about the euro-zone sovereign-debt crisis and a weaker dollar provide a floor for prices, said Matt Zeman, a senior market analyst with Kingsview Financial in Chicago. He was speaking in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Healthcare Services Group Inc. (NASDAQ: HCSG) |
Q2 |
$0.15 vs $0.14 |
|
| Novellus Systems Inc. (NASDAQ: NVLS) |
Q3 |
NASDAQ: NVLS |
|
|
Today In The Markets
TSX tumbles after two days of strong gains as Italian, Spanish debt downgraded
|
| DJIA |
11,103.12 |
-20.21 |
 |
|
| NASDAQ |
2,479.35 |
-27.47 |
|
|
| S&P500 |
1,155.46 |
-9.51 |
|
|
| S&P/TSX |
11,588.36 |
-191.71 |
|
|
| S&P/TSX Venture |
1,472.50 |
-7.69 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market tumbled almost 200 points Friday after ratings agency Fitch downgraded its sovereign credit ratings for Italy and Spain, which overshadowed data showing modest job creation in Canada and the United States.
The S&P/TSX composite index fell 191.71 to 11,588.36 as investors going into the long Thanksgiving weekend cashed in some profits from two days of strong gains that pushed the TSX up about 600 points. The TSX Venture Exchange was down 7.69 points at 1,472.5.
The Dow Jones industrial index shed 20.21 points to 11,103.12.
The Nasdaq composite index lost 27.47 points to 2,479.35 and the S&P 500 index declined 9.51 points to 1,155.46.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
North American Energy Partners Inc. (TSX: T.NOA, Stock Forum)
North American Energy Partners Inc. (TSX: T.NOA, Stock Forum) (NYSE: NOA, Stock Forum) today announced that its board of directors has approved the adoption of a shareholder rights plan designed to encourage the fair and equal treatment of shareholders in connection with any takeover bid for the outstanding common shares of NAEP.
|