Today on Stockhouse
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Keith Schaefer presents his top junior oil stock in the Permian Basin oil play.
Top Bullboards post: “In his opening remarks, he made an excellent case as to why TRR should be worth more. $100 million cash, safe jurisdiction, $80/oz cost for gold and a relatively modest premium being paid on the 20 day average price of TRR (when we know that the past month has sucked). Even more convinced that TRR shareholders should hold out for more.” From retiredcf on the Trelawney Mining and Exploration (TSX: V.TRR, Stock Forum) board.
Top Bullboard: Trelawney Mining and Exploration (TSX: V.TRR, Stock Forum) received the most reads and the second-most posts on a day its stock popped 41%.
Top blog:littleguy123 explains why he calls paper money the “barbarous relic” 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
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Word on Wall Street
"While the economy continued to grow in the first quarter, the expansion remains modest in pace and subpar from a historical perspective," said Jim Baird, chief investment strategist for Plante Moran Financial Advisors, in an interview with CNNMoney.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Anadarko Petroleum (NYSE: APC) |
Q1 |
$0.82 vs. $0.72 |
|
| Changyou.com (NASDAQ: CYOU) |
Q1 |
$1.09 vs. $0.99 |
|
| Extra Space Storage (NYSE: EXR) |
Q1 |
$0.33 vs. $0.26 |
|
| Herbalife (NYSE: HLF) |
Q1 |
$0.81 vs. $0.72 |
|
| NYSE Euronext (NYSE: NYX) |
Q1 |
$0.48 vs. $0.68 |
|
| Sohu.com (NASDAQ: SOHU) |
Q1 |
$0.47 vs. $1.01 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Suncor Energy (TSX: T.SU) |
Q1 |
$0.78 vs. $0.94 |
|
Today In The Markets
Toronto stock market ends higher as oil prices rise to four-week high
|
| DJIA |
13,228.31 |
+23.69 |
 |
|
| NASDAQ |
3,069.20 |
+18.59 |
|
|
| S&P500 |
1,403.36 |
+3.38 |
|
|
| S&P/TSX |
12,237.75 |
+91.90 |
|
|
| S&P/TSX Venture |
1,412.76 |
+19.52 |
|
|
TORONTO-NEW YORK (The Canadian Press) - TORONTO, NEW YORK (CP) - The Toronto stock market gained some ground Friday as oil futures rose to the highest level in four weeks, while investors also weighed a mixed bag of earnings and data showing slowing U.S. economic growth.
TSX Venture Exchange lifted 19.52 points to 1,412.76.
On Wall Street, the Dow Jones tracked 23.69 points higher to 13,228.31, the Nasdaq index gained 18.59 points to 3,069.20 and the S&P 500 index was up 3.38 points at 1,403.36.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
NGEx Resources (TSX: T.NGQ, Stock Forum)
After Friday's close, the junior miner reported results from the first seven holes drilled as part the ongoing 2012 exploration program at its Los Helados copper-gold porphyry project in Chile, which included 1,090 metres at 0.69% copper equivalent.