Today on Stockhouse
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This commodity is about to collapse, says Tom Dyson of DailyWealth.
Andrew Mickey looks at a safe way to build wealth in the "new normal" economy.
Jud Pyle discussed a bullish options call on Honeywell (HON).
All that glisters may not be Goldman Sachs (GS), explains Chris Ciovacco.
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 stopped by the Capstone Mining Corp. (TSX: T.CS, Stock Forum) and Nevada Copper Corp. (TSX: T.NCU, Stock Forum) Bullboards.
Top Bullboards post: mitszero54 looked at some reasons for a reverse stock split on the Active Control Technology (TSX: V.ACT, Stock Forum) Bullboard.
Top Bullboard: Once again, the Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (TSX: T.HNU, Stock Forum) Bullboard was the most posted board on Stockhouse.
Top blog: “In a credit-driven consumer economy, when consumers are defaulting at all-time record levels there is only one direction in which this economy can possibly move: down,” said littleguy123 on the Outside the Market blog Wednesday.
For news about small stocks that made big moves in Wednesday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"The good news about Intel is the forecast," Kevin Mahn, managing director at Hennion & Walsh told CNNMoney. "We know second-quarter results won't be very good for most companies, but we want to know the outlook is improving in the second half of the year."
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| AngioDynamics (NASDAQ: ANGO) |
Q4 |
$0.15 vs. $0.19 |
|
| Cypress Semiconductor (NYSE: CY) |
Q2 |
-$0.09 vs. $0.28 |
|
| Google (NASDAQ: GOOG) |
Q2 |
$5.08 vs. $4.63 |
|
| Harley-Davidson (NYSE: HOG) |
Q2 |
$0.24 vs. $0.95 |
|
| JPMorgan Chase & Co. (NYSE: JPM) |
Q2 |
$0.04 vs. $0.54 |
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Nexen (TSX: T.NXY) |
Q2 |
US$0.31 vs. $0.71 |
|
Today In The Markets
Stock markets surge as Intel beats earns expectations, delivers strong outlook
|
| DJIA |
8,616.21 |
+256.72 |
 |
|
| NASDAQ |
1,862.90 |
+63.17 |
|
|
| S&P500 |
932.68 |
+26.84 |
|
|
| S&P/TSX |
10,215.46 |
+229.31 |
|
|
| S&P/TSX Venture |
1,082.55 |
+27.16 |
|
|
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TORONTO, NEW YORK (CP) - The Toronto stock market moved sharply higher Wednesday after hopes for an economic recovery were boosted by better-than expected earnings and a positive outlook from U.S. semiconductor giant Intel Corp.
Toronto's S&P/TSX composite index moved up 229.31 points to 10,215.46 with leadership equally split between energy and financial stocks, but all sectors were in the green except for health care.
New York markets were also sharply higher following the Intel report, with the Dow Jones industrial average ahead 256.72 points to 8,616.21 and the Nasdaq composite index surged 63.17 points to 1,862.9.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
New Dawn Mining (TSX: T.ND)
After Wednesday’s close, the junior miner reported that the sale of gold from gold produced at its Turk Mine in Zimbabwe for the quarter ended June 30, 2009, totaled US$2,863,000. During the quarter ended June 30, 2009, 3,122 ounces of gold were sold at an average net sales price of US$917 per ounce of gold; all sale proceeds have been received by the company.