Wall Street started a short week off with a bang, as U.S. stocks rose Tuesday on upbeat new home sales data and falling oil prices. Wednesday saw better-than-expected durable goods data, which kept the Dow slightly in the green. On Thursday, Wall Street continued its uptrend as oil prices fell once again and encouraging GDP data was released. The TSX was quiet Monday with Wall Street closed for Memorial Day, kept in positive territory by oil and gas stocks. However, on Tuesday, weak earnings releases from both BMO and Scotiabank brought the Canadian markets down. Energy stocks picked the TSX back up again on Wednesday but caused it to fall on Thursday. Shares in the financial sector kept the TSX from going too deep into the red on Thursday, despite lower-than-expected earnings releases from more of the big banks. The Dow closed down on Friday as volatile oil prices made investors uneasy, despite Dell’s upbeat profits boosting optimism about the outlook for the big tech companies. Bay Street closed the week in the green Friday, spurred by rising energy and base metal stocks.
On Monday…
In Microcap Monday, Danny Deadlock looked at the tin sector, and how to reap rewards from undervalued companies.
Vic Wisemann of Investors Observer reported on the Microsoft/Yahoo deal, and how to profit from it regardless of the outcome.
In uranium news, Luke Brocki reported that the global momentum in the nuclear energy sector has finally started to permeate the markets.
24/7 Wall St. reported on a biotech company looking to bring a new treatment to U.S. markets, a pharmaceutical company that’s slipping despite news of a deal, a liquid natural gas company with few prospects, a biotech company with an innovative anticancer compound, a cancer drug maker that needs to raise more research funds, an obesity drug maker whose stock jumped on drug test results, and a drug maker whose stock price is on its way up.
Then on Tuesday…
In the Money Morning report, Keith Fitz-Gerald broke down the subtleties of China-Japan relations, and stated that the most pivotal event in Sino-Japanese relations may be taking place in Asia right now.
In the Mid-day Minute, the US Oil Trust ETF found support.
Dudley Pierce Baker revealed leverage alternatives for junior mining shares.
24/7 Wall St. reported on a promising pharmaceutical company and a biotech company that is going back to pre-clinical stages.
The Weekly Wizards reported that the Guitar Hero maker and two biotech firms are the charts to watch.
Michael R. Mapa wrote that gold mining companies will produce less and supply decreases will drive prices up.
Peter Leeds provided key metrics for resource stock investors.
On Wednesday…
Martin Hutchinson wrote that with oil speculators blitzing, the Fed needs to call an interest-rate reverse play.
Steven Saville exploredwhy rising prices are not inflation, and dissected the argument that there is a lot of “cash on the sidelines” of the economy.
Doug Hadfield of Green Power Investor reported that major policy changes in the U.S. and Canada signal smart investments.
24/7 Wall St. reported on Sprint Nextel’s next move and a home builder that received a $530 million investment.
In Wednesday’s Mid-day Minute, the Market Vectors Coal ETF appeared to have completed a near-term correction.
Mary-Anne and Pamela Aden looked at the enormous transfer of wealth that is going to countries with energy reserves, and point to the fact that a U.S. economic slowdown won’t stop the growth in oil demand.
SH member littleguy123 asked, U.S. agriculture industry wins again with new farm bill – but who loses?
On Thursday…
According to Darryl Robert Schoon, modern economics is not rocket science – in fact, it’s not science at all.
Joseph Hargett of Schaeffer’s Research reported on Research in Motion and its potential to out-hype Apple this year with new products.
In Buzz on the Blogs, it’s the U.S. agriculture industry against the world, as we looked at some comments on littleguy123’s article posted on the Stockhouse homepage on Wednesday. Also check out littleguy123’s blog Outside the Market for more reaction to the article.
Finally, on Friday…
In the Money Morning report, Martin Hutchinson reported on profit plays in Indonesia.
Nancy Zambell of Financially Fit helped you create a financial safety net for college graduates that face a challenging future straight out of school.
In Friday’s Mid-day Minute, the Q’s upleg was nearing completion.