Today on Stockhouse
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Petrohawk Energy's (HK) wings clipped by crude oil prices, notes Joseph Hargett of Schaeffers Research.
Why I'm happy to hold wealth in gold and silver, says Chris Weber of DailyWealth.
Jud Pyle looks at Expedia (EXPE): Bearish put buying.
Thom Calandra discusses junior miners entering the major leagues.
Stock picks and favourite coal and solar plays, from J.W. Cotton.
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 visited the Hathor Exploration (TSX: V.HAT, Stock Forum) and ALDA Pharmaceuticals (TSX: V. APH, Stock Forum) Bullboards.
Top Bullboards post: “There seem to be good indicators coming in that we may have a good summer market. Commodities are showing some strength and some analysts are calling for a possible short term rally. Overall economics still call for troubles ahead but many are looking at strong swings up/down over the next 6-12 months. There is a lot of money on the sidelines willing to move in on news or momentum. There have been some very nice spikes, even over reaction (don’t want to be the one who missed out) showing there is a summer market”… - From smallfry08 on the Orex Exploration (TSX: V.OX, Stock Forum) Bullboard.
Top Bullboard: Noront Resources (TSX: V.NOT, Stock Forum) had one of the most posted Bullboards on Stockhouse Thursday, on a day when its share price climbed more than 40%.
Top blog: ghost11 provided some comments on natural gas on the Ghost Trader2 blog Thursday.
For news about small stocks that made big moves in Thursday 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) |
|
| Bank of America Corporation (NYSE: BAC) |
Q2 |
$0.28 vs. $0.72 |
|
| BB&T Corporation (NYSE: BBT) |
Q2 |
$0.21 vs. $0.69 |
|
| Citigroup (NYSE: C) |
Q2 |
-$0.31 vs. -$0.54 |
|
| General Electric (NYSE: GE) |
Q2 |
$0.23 vs. $0.54 |
|
| Mattel (NYSE: MAT) |
Q2 |
$0.00 vs. $0.03 |
Today In The Markets
Energy, industrials, JPMorgan Chase earns boost stocks for fourth day
|
| DJIA |
8,711.82 |
+95.61 |
 |
|
| NASDAQ |
1,885.03 |
+22.13 |
|
|
| S&P500 |
940.74 |
+8.06 |
|
|
| S&P/TSX |
10,304.42 |
+88.96 |
|
|
| S&P/TSX Venture |
1,097.80 |
+15.25 |
|
|
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TORONTO, NEW YORK (CP) - The winning streak on the Toronto stock market extended to a fourth session Thursday, as buyers picked up industrial stocks and the energy sector benefited from another rise in oil prices.
The S&P/TSX composite index moved 88.96 points higher to 10,304.42. The industrials sector ran ahead 1.4 per cent ahead of earnings coming out Friday from General Electric. Despite the gain Thursday, the sector is little changed for the year to date. The TSX Venture Exchange gained 15.25 points to 1,097.8.
New York markets also ran ahead for a fourth session despite the CIT worries with the Dow Jones industrial average ahead 95.61 points to 8,711.82. The Nasdaq composite index gained 22.13 points to 1,885.03 while the S&P 500 index added 8.06 points to 940.74.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Google (NASDAQ: GOOG)
After Thursday’s close, the Internet giant reported second-quarter net income that climbed to $1.48 billion, or $4.66 a share, from $1.25 billion, or $3.92 a share, in the same period a year earlier. Excluding special items, earnings were $5.36 a share. Net revenue rose to $4.07 billion from $3.9 billion. Wall Street expected Google to post earnings, excluding special items, of $5.09 a share on $4.06 billion in net revenue.
EXMIN Resources (TSX: V.EXM)
Dia Bras Exploration (TSX: V.DIB), after Thursday’s closing bell, said it will acquire all of the outstanding common shares of EXMIN in exchange for common shares of Dia Bras at an agreed exchange ratio of 0.2209 Dia Bras common shares for each EXMIN common share, based on the current number of Dia Bras common shares and EXMIN common shares outstanding. This represents approximately a 17.8% premium to EXMIN shareholders based on the 15-day volume weighted average trading price of both companies' common shares as of the close of markets on July 16, 2009.