Today on Stockhouse
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In Stockhouse subscriber service Ticker Trax, Thom Calandra takes a look at some potential new Planetary Prospects.
Get ready for the next reality check, says Andrew Mickey.
There's just no other group of stocks that rally like biotechs, notes Tom Dyson of DailyWealth.
Chris Vermeulen looks at gold, silver, oil, nat gas with a technical melt down.
Worst of natural gas bear behind us, notes Mike Paulenoff.
Buzz on the Boards visited the Medicago (TSX: V.MDG, Stock Forum) Bullboard.
Top Bullboards post: “initial hype, hits 4.45, then people remember the storage excess, no hurricanes, low consumer and industrial consumption, etc, etc, and the green disappears. hope i am wrong for my portfolios sake” – From irrationalex on the Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (TSX: T.HNU, Stock Forum) Bullboard.
Top Bullboard: Once again, today’s most posted Bullboard belonged to Premium Exploration (TSX: T.PEM, Stock Forum).
Top blog: Risktaker77 provided a Risky Picks portfolio update on his 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
"A number of people are criticizing these earnings saying they're not strong because its not top-line growth," Brett D'Arcy, chief investment officer at CBIZ Wealth Management Group told the Associated Press. "But this is what happens first, people have to get their cost structure in-line, and we're seeing that with the earnings that are coming out."
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Allergan (NYSE: AGN) |
Q2 |
$0.67 vs. $0.63 |
|
| Anglogold Ashanti (NYSE: AU) |
Q2 |
$0.40 vs. $0.18 |
|
| Chevron (NYSE: CVX) |
Q2 |
$0.95 vs. $2.90 |
|
| The Washington Post Company (NYSE: WPO) |
Q2 |
$3.61 vs. $5.70 |
|
| Weyerhaeuser Co. (NYSE: WY) |
Q2 |
-$0.71 vs. $0.03 |
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Eldorado Gold (TSX: T.ELD) |
Q2 |
US$0.06 vs. $0.07 |
|
| George Weston (TSX: T.WN) |
Q2 |
N/A vs. $0.84 |
|
Today In The Markets
North American markets fly higher on earnings reports, stronger energy prices
|
| DJIA |
9,154.46 |
+83.74 |
 |
|
| NASDAQ |
1,984.30 |
+16.54 |
|
|
| S&P500 |
986.75 |
+11.60 |
|
|
| S&P/TSX |
10,676.72 |
+221.39 |
|
|
| S&P/TSX Venture |
1,147.04 |
+15.30 |
|
|
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TORONTO, NEW YORK (CP) - North American stock markets recaptured their recent optimism and moved higher Thursday on stronger-than-expected profit reports and rising energy prices.
The S&P/TSX composite index rebounded 221.39 points to 10,676.72, while the Canadian dollar was at 92.23 cents US, up 0.55 of a cent.
The TSX Venture Exchange 15.30 points to 1,147.04.
On Wall Street, the Dow Jones industrials were ahead 83.74 points to 9,154.46, well off an intraday surge of 112 points.
The Nasdaq composite rose 16.54 points to 1,984.30 while the S&P 500 index gained 11.60 points to 986.75.
After-Hours News
Indigo Books & Music Inc. (TSX: T.IDG)
After Thursday’s close, the book retailer reported revenue of $193.6 million for its first quarter, up $3 million from the same quarter last year. Net loss for the quarter was $2.3 million compared to a $1.2 million loss last year. On a comparable store basis, Indigo and Chapters superstores posted 1.4% growth, while Coles and Indigo Spirit small format stores were up 0.8%.