Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Junior resource 'sheeps' should prepare to be slaughtered, says Michael S. (Mickey) Fulp.
Small cap (TEWI) generates win with U.S. military contract, notes Peter Szafranski of AllPennyStocks.com.
Options investor bets that Nike (NKE) will run flat, explains Jud Pyle.
Sy Harding provides a case for U.S. treasury bonds.
Upside projected for Gold Miners ETF (GDX), says Mike Paulenoff.
In today’s Got Gold Report by Gene Arensberg: indicators supportive of gold, silver.
For more articles on gold and silver, please visit the Stockhouse gold & silver feature supplement: https://www.stockhousefeatures.com/gold-and-silver/
Buzz on the Boards looked in on the North American TungstenCorporation (TSX: V.NTC, Stock Forum) and B2Gold Corp. (TSX: T.BTO, Stock Forum) Bullboards.
Top Bullboards post: “Another thought of mine about the natural gas prices has to do with the marginal cost of gas production. Even with all the shale gas out there and the LNG that could come in, nobody is going to make any money on gas at $3.00. Some gas companies can not justify defining new areas for drilling and building the infrastructure to actually drill given the current $3.80 price for gas. I think a classic short squeeze will occur in November and December this year. That is why I think Gas prices will climb higher as the smart money starts building positions going into the late summer.” – From Rawcolt on the Claymore Natural Gas Commodity ETF (TSX: T.GAS, Stock Forum) Bullboard.
Top Bullboard: Noveko International (TSX: T.EKO, Stock Forum) had the most posted Bullboard on Stockhouse Monday.
Top blog: “Can speculators keep the bull moving?” asked ghost11 on the Ghost Trader2 blog.
For news about small stocks that made big moves in Monday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"As the second quarter is all but completed, attention has finally turned to the reality that stock prices simply are not moving higher in the absence of confirming economic and profit data," Dan Greenhaus, an analyst at Miller Tabak, told MarketWatch.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Investors Real Estate (NASDAQ: IRET) |
Q4 |
$0.21 vs. $0.22 |
|
| Schnitzer Steel Industries (NASDAQ: SCHN) |
Q3 |
$0.16 vs. $2.14 |
|
| Sealy Corp. (NYSE: ZZ) |
Q2 |
$0.05 vs. $0.08 |
|
| Synnex Corporation (NYSE: SNX) |
Q2 |
$0.48 vs. $0.56 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Exfo Electro-Optical Engineering (TSX: T.EXF) |
Q3 |
US-$0.05 vs. $0.06 |
|
Today In The Markets
TSX closes higher as investors snap up energy, financials; oil stocks lift N.Y.
|
| DJIA |
8,529.38 |
+90.99 |
 |
|
| NASDAQ |
1,844.06 |
+5.84 |
|
|
| S&P500 |
927.23 |
+8.33 |
|
|
| S&P/TSX |
10,476.77 |
+87.01 |
|
|
| S&P/TSX Venture |
1,105.56 |
-6.00 |
 |
|
Find out how to get this data on your BlackBerry
TORONTO, NEW YORK (CP) - Strong buying interest in energy and financial stocks pushed the Toronto stock market to a solid gain Monday.
The S&P/TSX composite index closed up 87.01 points to 10,476.77 ahead of a shortened trading week in Canada and the United States. The TSX Venture Exchange declined six points to 1,105.56.
The Dow Jones industrial average moved ahead 90.99 points to 8,529.38 with ExxonMobil (NYSE:XOM) ahead $1.66 to US$70.71. The Nasdaq composite index climbed 5.84 points to 1,844.06 while the S&P 500 edged up 8.33 points to 927.23.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Apollo Group (NASDAQ: APOL)
After Monday's close, the education firm said its third-quarter profit surged to $201.1 million, or $1.26 a share, from $139.1 million, or 85 cents a share, in the year-ago period. Revenue rose to $1.05 billion from $835.2 million. Analysts expected earnings of $1.12 a share on revenue of $1.04 billion.
Victoria Gold (TSX: V.VIT)
The junior miner, after Monday’s closing bell, announced the commissioning of a Pre-feasibility Study and a comprehensive Project Proposal that satisfies the requirements of the Yukon Environmental and Socio-Economic Assessment Act, and all associated permits necessary for the development of the Eagle Gold Project. Victoria now aims to complete a National Instrument (NI) 43-101 pre-feasibility study on the Eagle Gold Project by year-end 2009 and submit the Project Proposal to the Yukon Environmental and Socio-economic Assessment Board in Q2 2010.