Today on Stockhouse
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TickerTrax’s Danny Deadlock thinks investors should take a look at this 54-cent China healthcare play.
Top Bullboards post: “This will create 20K plus DAILY cash flow alone on this new well. They have 3 other cash flowing wells in NB. More drilling planned in NB this summer (3) and with this new well...they will drill more on this Montney package. Huge upside potential, solid management, low burn rate, strong cash flow and they only need to put 25% on drilling. Stock should be 60 cents based on metrics!” From Network115 on the Contact Exploration (TSX: V.CEX, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:littleguy123 writes about what he considers to be big lies regarding precious metals miners 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
"People are long liquidation after the data we had this morning and they will probably stay liquidated until we get through the weekend," said Frank Lesh, a futures analyst and broker at FuturePath Trading LLC, in an interview with Reuters.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Allied Nevada Gold( (AMEX: ANV) |
Q1 |
$0.24 vs. $0.12 |
|
| Coeur d'Alene Mines (NYSE: CDE) |
Q1 |
$0.34 vs. $0.14 |
|
| GeoResources (NASDAQ: GEOI) |
Q1 |
$0.48 vs. $0.29 |
|
| Oasis Petroleum (NYSE: OAS) |
Q1 |
$0.32 vs. $0.15 |
|
| Rackspace Hosting (NYSE: RAX) |
Q1 |
$0.18 vs. $0.10 |
|
| Trex Co. (NYSE: TREX) |
Q1 |
$0.50 vs. $0.15 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Absolute Software (TSX: T.ABT) |
Q3 |
$0.01 vs. $0.03 |
|
| easyhome Ltd. ( TSX: T.EH) |
Q1 |
$0.27 vs. $0.20 |
|
| Uranium One (TSX: T.UUU) |
Q1 |
$0.02 vs. $0.02 |
|
|
Today In The Markets
Toronto stock market tumbles as American jobs data misses modest expectations
|
| DJIA |
13,038.27 |
-168.32 |
 |
|
| NASDAQ |
2,956.34 |
-67.96 |
|
|
| S&P500 |
1,369.10 |
-22.47 |
|
|
| S&P/TSX |
11,871.23 |
-143.67 |
|
|
| S&P/TSX Venture |
1,405.10 |
-11.51 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market tumbled Friday to its biggest one week loss all year as a weak U.S. jobs report raised more concerns about whether the United States can support a self-sustaining recovery.
The S&P/TSX composite index lost 143.66 points to 11,871.33, after the U.S. Labour Department reported that the economy created only 115,000 jobs during April, far less than the approximately 160,000 that economists expected. The TSX Venture Exchange was off 11.43 points to 1,405.1.
U.S. markets also fell sharply with the Dow Jones industrials down 168.32 points to 13,038.27. The Nasdaq composite index lost 67.96 points to 2,956.34 and the S&P 500 index declined 22.47 points to 1,369.1.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Georgia Gulf (NYSE: GGC, Stock Forum)
After Friday’s close, Westlake Chemical announced that it has withdrawn its proposal to acquire all of the outstanding shares of common stock of Georgia Gulf and does not intend to continue to pursue a transaction with the company. Westlake also stated that it plans to liquidate its holdings of Georgia Gulf common stock as market conditions permit.
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