Today on Stockhouse
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Stockhouse subscriber service Ticker Trax provides fresh information on Great Panther, Endeavour Silver and BioCryst Pharmaceuticals.
Dr. George Huang of Growth Stock Wire looks at banking on left-for-dead stocks.
In today’s Got Gold Report, Gene Arensberg discusses “gold running into a COMEX wall”.
Overnight, the most unusual two weeks in many years jumped off the launch pad, says Sy Harding.
Mike Paulenoff says he is waiting for oil to reverse to the downside.
Gold, silver, oil and nat gas technical trading setups, from Chris Vermeulen.
Buzz on the Boards looked in on the Petrolifera Petroleum (TSX: T.PDP, Stock Forum) and Roca Mines (TSX: V.ROK, Stock Forum) Bullboards.
Top Bullboards post: “Funny thing is, you don't hear much about it, but certainly this is one huge bubble waiting to pop, IMO. P/E multiples are elevated, insiders are dumping paper like mad, the financial index RSI crossed *90* on the daily chart today... Some of the individual financials within the index now have their indicators pointed south on the 60-min timeframe... so long as the $US continues its death drop I think money will continue to flow into this overbought territory”… - From groovin123 on the Horizons BetaPro S&P TSX Capped Financials Bear Plus ETF (TSX: T.HFD, Stock Forum) Bullboard.
Top Bullboard: Today’s most posted Bullboard belonged to Premium Exploration (TSX: T.PEM, Stock Forum), followed closely by the Medicago (TSX: V.MDG, Stock Forum) board.
Top blog: “The bank sector confirmed its breakout and today traded for the first time in 2 years above the 200MA”, WesternRookie said on The Western Investor blog Monday.
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
"If the stock market is right and the economy in the second half of the year will have a strong rebound, then interest rates are going higher due to higher inflation and demand on the part of foreigners, who own half our debt, and others for higher yields for the enticement of buying the enormous new supply," Peter Bookvar, equity strategist at Miller Tabak told MarketWatch.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Celanese Corp. (NYSE: CE) |
Q2 |
$0.46 vs. $1.20 |
|
| Energizer, Inc. (NYSE: ENR) |
Q3 |
$1.03 vs. $1.23 |
|
| Office Depot (NYSE: ODP) |
Q2 |
-$0.12 vs. $0.04 |
|
| Unisys (NYSE: UIS) |
Q2 |
-$0.01 vs. -$0.04 |
|
| Viacom (NYSE: VIA) |
Q2 |
$0.49 vs. $0.64 |
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Inmet Mining (TSX: T.IMN) |
Q2 |
N/A vs. $1.40 |
|
| Methanex (TSX: T.MX) |
Q2 |
US-$0.05 vs. $0.36 |
|
| Rogers Communications (TSX: T.RCI.B) |
Q2 |
US$0.59 vs. $0.57 |
|
Today In The Markets
Toronto Stock Exchange closes higher with help of financial stocks
|
| DJIA |
9,108.51 |
+15.27 |
 |
|
| NASDAQ |
1,967.89 |
+1.93 |
|
|
| S&P500 |
982.18 |
+2.92 |
|
|
| S&P/TSX |
10,757.43 |
+69.53 |
|
|
| S&P/TSX Venture |
1,147.04 |
+3.09 |
|
|
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TORONTO, NEW YORK (CP) - Canada's biggest banks and financial institutions gave the Toronto stock market a boost on Monday in an otherwise stagnant session.
The S&P/TSX composite index ended 69.53 points higher to 10,757.43, extending a positive streak that has also seen massive fluctuations of more than a thousand points over the past month.
The TSX Venture Exchange rose 3.09 point to 1,147.04.
On Wall Street, markets were relatively flat, with the Dow Jones industrials ahead 15.27 points to 9,108.51. The Nasdaq composite rose 1.93 points to 1,967.89 while the S&P 500 index gained 2.92 points to 982.18.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Amgen (NASDAQ: AMGN)
After Monday’s close, the biotechnology company reported adjusted earnings per share of $1.29 for the second quarter of 2009, an increase of 13% compared to $1.14 for the second quarter of 2008. Adjusted net income increased 6% to $1,311 million in the second quarter of 2009 compared to $1,235 million in Q2 2008. The company’s total revenue decreased 1% during the second quarter to $3,713 million versus $3,764 million in the second quarter of 2008.