U.S. stocks edge higher Friday, shrugging off a 10.2% unemployment rate, while gold stocks gave a boost to Bay Street.
Today on Stockhouse
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Andrew Mickey of Q1 Publishing suggests that you can make 20 times your money in this hated industry.
Marc Davis, meanwhile, explains why he believes Mexico is gold's next powerhouse player.
Top Bullboards post: “I must say, I could not have envisioned a better outcome for this company. With a team of this magnitude and the accumulated tax pools the previous management amassed there is nothing but upside from here on in. It's too bad I sold out at 13 cents. No matter, I'm getting back in at 36 with high hopes for the future,” from energyint on the Result Energy (TSX: V.RTE, Stock Forum) board.
Top Bullboard: Noveko International (TSX: T.EKO, Stock Forum) received the most posts and the third-most reads on a day its shares slide 16%.
Top blog: StoxRok takes a technical look at certain markets, believing that the upside for stocks is limited in the Stox Pix 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
"Over all, the market is a little overbought," said Jeffrey Friedman, senior market strategist at Lind-Waldock, in an interview with Associated Press. "We're still losing jobs. 10.2 is not a good number. And in reality, it's probably even higher."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| DTS Inc. (NASDAQ: DTSI) |
Q3 |
$0.12 vs. $0.11 |
|
| Electronic Arts (NASDAQ: ERTS) |
Q2 |
$0.07 vs. $ - 0.06 |
|
| Lions Gate Entertainment (NYSE: LGF) |
Q2 |
$0.06 vs. $ - 0.41 |
|
| Priceline.com (NASDAQ: PCLN) |
Q3 |
$2.90 vs. $2.39 |
|
| Ticketmaster Entertainment (NASDAQ: TKTM) |
Q3 |
$0.18 vs. $0.17 |
|
| Top Ships (NASDAQ: TOPS) |
Q3 |
$0.16 vs. $ - 1.53 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Silver Wheaton (TSX: T.SLW) |
Q3 |
US$0.11 vs. $0.08 |
|
Today In The Markets
Gold stocks send TSX higher, N.Y. little changed amid disappointing jobs data
|
| DJIA |
10,023.42 |
+17.46 |
 |
|
| NASDAQ |
2,112.44 |
+7.12 |
|
|
| S&P500 |
1,069.30 |
+2.67 |
|
|
| S&P/TSX |
11,250.42 |
+69.72 |
|
|
| S&P/TSX Venture |
1,340.62 |
+9.07 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market advanced Friday as investors dealt with dismal employment data from Canada and the United States and as gold stocks continued to run ahead amid record high bullion prices.
The S&P/TSX composite index gained 69.72 points to 11,250.42. The TSX Venture Exchange moved up 9.07 points to 1,340.62.
New York markets were weak as the Dow Jones industrials was up 17.46 points to 10,023.42, gaining 3.19 per cent this week. The Nasdaq composite index was up 7.12 points to 2,112.44 and the S&P 500 index gained 2.67 points to 1,069.3.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Sun Microsystems (NASDAQ: JAVA, Stock Forum)
After Friday’s close, the company said its fiscal first-quarter loss narrowed to $120 million, or 16 cents a share, from $1.68 billion, or $2.24 a share, in the year-ago period. Revenue fell to $2.24 billion from $2.99 billion. Analysts expected loss of 25 cents a share on revenue of $2.31 billion.
