Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
TickerTrax’s Danny Deadlock writes about a food processor trading at a substantial discount to book.
While Michael Adams of Money Morning provides three ways to profit from rising copper prices in 2012.
Top Bullboards post: “As long as gold stays above 1600 we have an extremely profitable mine. We have a forward full year earnings outlook per share of 0.12 $, for 2012. As they are currently selling about 50% of the mine production under the hedge fac. at a price only a little higher than castz op. costs. Once the hedge is gone we may see 0.24$ in net profits per share. AND they will upgrade the mill to 1000tpd. So might turn out to FY2013 EPS of 0.24-0.27. T.SAM has a forward PE Ratio of 1.4-1.6 for FY2013.” From Teatimenow on the Starcore International Mines (TSX: T.SAM, Stock Forum) board.
Top Bullboard: Great Western Minerals Group (TSX: V.GWG, Stock Forum) received the most reads and posts.
Top blog:littleguy123 writes about the virtues of the humble investor in the Outside the Market blog.
For news about small stocks that made big moves Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Fundamentals are improving, corporate profits are rising, and the market has really good upward momentum," said Stephen Wood, chief market strategist at Russell Investments, in an interview with Reuters.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Adobe Systems (NASDAQ: ADBE) |
Q1 |
$0.57 vs.$0.58 |
|
| China Kanghui Holdings (NYSE: KH) |
Q4 |
$0.26 vs. $0.18 |
|
| Focus Media Holding (NASDAQ: FMCN) |
Q4 |
$0.61 vs. $0.41 |
|
| Gordmans Stores (NASDAQ: GMAN) |
Q4 |
$0.50 vs. $0.44 |
|
| InterOil Corporation (NYSE: IOC) |
Q4 |
$0.02 vs. $ - 0.31 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Ensign Energy Services (TSX: T.ESI) |
Q4 |
$0.43 vs. $0.27 |
|
| Harry Winston (TSX: T.HW) |
Q4 |
$0.18 vs. $0.12 |
|
| SouthGobi Resources ( TSX: T.SGQ) |
Q4 |
$0.01 vs. $ - 0.16 |
|
Today In The Markets
TSX closes higher: oil prices up sharply, BCE plans to buy Astral Media
|
| DJIA |
13,232.62 |
-20.14 |
 |
|
| NASDAQ |
3,055.26 |
-1.11 |
|
|
| S&P500 |
1,404.17 |
+1.57 |
 |
|
| S&P/TSX |
12,496.96 |
+41.14 |
|
|
| S&P/TSX Venture |
1,606.17 |
+4.65 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed higher Friday amid rising resource stocks and a major acquisition in Canada's media sector.
Telecommunications company BCE Inc. (TSX:BCE) is buying Astral Media Inc. (TSX:ACM.A) in an agreement valued at $3.38 billion, including debt.
The S&P/TSX composite index gained 41.14 points to 12,496.96 while the TSX Venture Exchange added 4.66 points to 1,606.17.
The Dow industrials edged 20.14 points lower to 13,232.62. The Nasdaq composite index dipped 1.11 points to 3,055.26 and the S&P 500 index was ahead 1.57 points at 1,404.17.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
ProSep Inc. (TSX: T.PRP, Stock Forum)
After Friday's close, the provider of process solutions to the oil and gas industry announced that Mr. Claude Samson has tendered his resignation as Chief Financial Officer and Corporate Secretary of the Company for personal reasons, effective March 30, 2012. The company said it has initiated a search to fill this position.