Canadian stocks weaker and Dow pushes higher

The Dow and S&P have powered to new highs, but he commodity heavy TSX has not been graced with similar gains, but is seeing some strength today.

Canadian stocks have seen good gains as when commodity prices react to a weaker US dollar. The Fed has been pumping additional quantitative easing (QE) which has had the side effect of commodity inflation.

TORONTO – The Toronto stock market stayed positive on Friday afternoon helped by energy and telecom stocks, while U.S. markets gave back some of the enthusiastic gains of recent sessions.

The S&P/TSX composite was up 31.36 points at 12,831.27, while the TSX Venture Exchange slid 1.28 points to 1,111.33.

The Canadian dollar was up 0.27 of a cent at 98.09 cents US, backing off a three-week high of 98.22 reached in the morning.
After eight record high sessions and 10 consecutive days of gains, the Dow industrials gave back some of that on mixed economic data, dropping 48.42 points to 14,490.72.
The Nasdaq was down 13.36 points at 3,245.56 and the S&P 500 index slid 4.93 points to 1,558.30.

Source: Reuters 

Hot Stocks for Friday Oct 14th

The markets have made a share rebound off the lows in the month of October, as the risk on trade moves into mid month, a number of small caps have made strong moves.

Identifying more penny stocks that might benefit from added market strength is a good strategy, as such here are a number of hot stocks that have recently made a move about their 6wk highs and volume that is above average:

Symbol	Last	Chg(%)	Vol
JBLU	4.57	1.11	3227900
ROYL	3.53	64.95	2205200
COOL	3	9.49	2102500
CDTI	3.88	7.48	1697400
QTM	2.37	4.41	1590100
LLNW	2.92	5.42	1529200
DVAX	2.44	8.93	1408200
ANDS	1.02	-1.92	1224800
BLTI	3.76	8.05	1106000
RTK	1.02	2	969500
ZOOM	2.2	19.57	746100

Toronto stocks for July

Its a new month and traders are looking towards the summer.

While the TSX is closed today for Canada day, traders will be watching two of the most volatile Toronto stocks heading into next week.

Yellow Media (YLO:TSX) has been on steady decline, the 52wk range has been from $6.46 to this weeks low of $2.04. The last trade was at $2.40 on above average volume of 9.3M shares which puts it at a market cap of $1.2B. Investors may be looking for some value in the stock in the $2 range.

Yellow Media Inc., formerly YPG Holdings Inc, is a media and marketing solutions company through its network of companies that include Yellow Pages Group (YPG), Trader Corporation (Trader) and Canpages Inc. (Canpages). YPG is Canada’s media and marketing solutions company, serving Canadian businesses and consumers nationwide.

Sino Forrest (TRE:TSX) has been one of the biggest decliners after the Muddy Waters report came out, but the stock is seeing a rebound off its lows after renewed investor interest in recent sessions.

Sino-Forest Corporation (Sino-Forest) is a commercial forest plantation operator in the People Republic of China (PRC). As of December 31, 2009, Sino-Forest had approximately 512,700 hectares of forest plantations located primarily in southern and eastern China.

Penny Stocks for June 15th

The biggest volume penny stocks movers on the OTCBB today included:

Symbol Company Name
NEOM NEOMEDIA TECHNOLOGY
CBBD CHINA BROADBAND INC
ACTC ADVANCED CELL TECHNOLOGY INC
MDMN MEDINAH MINING INC
SPCK SUPERLINK INC
SFMI SILVER FALCON MINING INC CL A
ISCR INSTACARE CP
GBTR GLOBETRAC INC
SGGH FREMONT GENERAL CP
WDRP WANDERPORT CORP
CLNO CLEANTECH TRANSIT INC

TSX closes up 158 points

A strong close for Toronto stocks with the TSX closing up 158 points at 13097.

The leading stocks included Ivanhoe Mines (IVN:TSE) with a 5.40% move for the day.

Ivanhoe Mines Ltd. (IVN) is an international mineral exploration and development company. The Company’s principal mineral resource property is the Oyu Tolgoi Project, located in Mongolia. The Company also has two subsidiaries, through which it holds interests in coal resource properties in Mongolia, and molybdenum, rhenium, copper, gold and uranium resource properties in Australia. Its subsidiary, SouthGobi Energy Resources Ltd. (SGQ), owns and operates the Ovoot Tolgoi Coal Project located in Mongolia. The Company’s subsidiary, Ivanhoe Australia Limited (Ivanhoe Australia), owns the Cloncurry Project located in Queensland, Australia. IVN also holds interests in several other mineral resource projects in Asia, including a 50% interest in the Kyzyl Shear Project, located in Kazakhstan, through a shareholding in Altynalmas Gold Ltd. (Altynalmas Gold).

ADAC hits a wall

In recent week, sub penny stock ADAC has gone from 0.004 to 0.016, a nice 400% gain. But nothing goes straight up, and when it comes to sub penny stocks, they fall much faster than they rise.

This held true today as ADAC plummeted -50% to 0.007. The run is done, the pump looks to be over, wrap it up and head home.

Diversify with Toronto Stocks?

The US dollar is seeing a bit of a rebound, but as we have all seen, there has been a lot of diversification out of the USD and into commodities.

Toronto Stocks have the advantage of being priced in a commodity sensitive currency, the Canadian dollar. Canadian stocks trading on the Toronto Stock Exchange will be familiar, names like RIMM and Potash are some that you will immediately recognize.

If diversification into commodities and out of the US dollar is something you are interested in, but you also want exposure to stocks you know, stocks in Toronto might be your ticket.