Today on Stockhouse
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Peter Kennedy reports on why Exxon seems a long way off for this lithium explorer in his Stockhouse Short Report.
Top Bullboards post: “According to my calculations this stock looks ridiculously cheap. It is cheap even though I calculate in a placement that would dilute the ownership by half... I understand that Mirabelas opex/ lb Ni is relatively high and that they have had some trouble achieving their opex-targets. I also understand their short term capex requirements, and that their somewhat challenging debt situation might lead them to requiring a placement...I also understand that the price of nickel is at a relatively low level...I also understand that other Ni-stocks (e.g. Talvivaara) have come down...But still, I don't understand the valuation...” From Super-Tessu on the Mirabela Nickel (TSX: T.MNB, Stock Forum) board.
Top Bullboard: Allana Potash (TSX: T.AAA, Stock Forum) collected the third-most posts and reads.
Top blog:slaveonfools believes this explorer has good potential for a new discovery in the "Follow the Rainbow" 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
“The J.P. Morgan thing has leveled off. Like anything else, it will blow over. It’s the strongest bank by far, and $2 billion is a big deal, but we’ll weather this very easily,” said Chip Cobb, portfolio manager at BMT Asset Management, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| 3SBio Inc. (NASDAQ: SSRX) |
Q1 |
$0.20 vs. $0.15 |
|
| Agilent Technologies (NYSE: A) |
Q2 |
$0.73 vs. $0.74 |
|
| China Ceramics Co. (NASDAQ: CCCL) |
Q1 |
$0.56 vs. $0.51 |
|
| Groupon, Inc. (NASDAQ: GRPN) |
Q1 |
$0.01 vs. N/A |
|
| Summer Infant (NASDAQ: SUMR) |
Q1 |
$0.12 vs. $0.11 |
|
| VOXX International (NASDAQ: VOXX) |
Q4 |
$0.16 vs. $0.03 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Claude Resources (TSX: T.CRJ) |
Q1 |
$0.01 vs. $0.01 |
|
| Great Panther Silver ( TSX: T.GPR) |
Q1 |
$0.04 vs. $0.05 |
|
| Silver Wheaton (TSX: T.SLW) |
Q1 |
$0.45 vs. $0.34 |
|
|
Today In The Markets
TSX closes lower amid strong jobs report, data showing slowing Chinese growth
|
| DJIA |
12,820.60 |
-34.44 |
 |
|
| NASDAQ |
2,933.82 |
+0.18 |
 |
|
| S&P500 |
1,353.39 |
-4.60 |
|
|
| S&P/TSX |
11,694.67 |
-41.50 |
|
|
| S&P/TSX Venture |
1,346.33 |
-8.98 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - The Toronto stock market closed lower Friday as traders weighed data showing another month of strong job creation in Canada while another report showed the Chinese economy slowing more than thought.
The S&P/TSX composite index edged 41.50 points lower to 11,694.67 amid sliding resource stocks. The TSX Venture Exchange lost 9.73 points to 1,345.58.
The Dow Jones industrial average gave back 34.44 points to 12,820.6. The Nasdaq composite index inched up 0.18 of a point to 2,933.82 and the S&P 500 index was 4.6 points lower to 1,353.39.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Imperial Metals (TSX: T.III, Stock Forum)
After Friday’s close, the miner reported a decrease in first-quarter revenue to $72.2 million from $97.2 million a year earlier. Adjusted net income for the quarter was $8.2 million, or 11 cents per share, compared with $13.0 million, or 18 cents per share, during the same period last year.
|