Today on Stockhouse
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Andrew Mickey looks at one trend to bet on.
Chris Vermeulen explains the big bounce in gold, silver, oil & nat gas.
Has volatility ended or is it about to resume? asks Sy Harding.
Mike Paulenoff discusses a new upleg in natural gas (UNG).
Top Bullboards post: “Commodity prices surged this morning oil and gold are strong, the bell weather copper is flying and so unfortunately is the price of gas for your car. Oh well I guess gas prices are about to climb again. The Canadian dollar is up over a full cent this morning against the U.S. green back”… - From dart321 on the Canadian Mining Company (TSX: V.CNG, Stock Forum) Bullboard.
Top Bullboard: The Horizons BetaPro NYMEX Natural Gas Bull Plus (TSX: T.HNU, Stock Forum) Bullboard ended the day with the most posts.
Top blog: Today’s most read blogs included Maysteeler23’s Thoughts, Thedave2006 Investment Ideas and Notes From a Cyber Trader.
Word on Wall Street
"At this point through earnings season, patterns have been firmly established," Lawrence Creatura, portfolio manager at Federated Clover Investment Advisors told the Associated Press. "It would take a lot to derail the emerging optimism."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Avis Budget Group (NYSE: CAR) |
Q2 |
-$0.15 vs. $0.16 |
|
| Dollar Thrifty Automotive Group (NYSE: DTG) |
Q2 |
-$0.23 vs. -$0.23 |
|
| Duke Energy Corporation (NYSE: DUK) |
Q2 |
$0.26 vs. $0.27 |
|
| Electronic Arts (NASDAQ: ERTS) |
Q1 |
-$0.13 vs. -$0.42 |
|
| Kraft Foods (NYSE: KFT) |
Q2 |
$0.54 vs. $0.58 |
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Saputo (TSX: T.SAP) |
Q1 |
N/A vs. $0.40 |
|
|
Today In The Markets
Stocks push higher as August trading begins amid signs of healing in manufacturing, housing
|
| DJIA |
9,286.56 |
+114.95 |
 |
|
| NASDAQ |
2,008.61 |
+30.11 |
|
|
| S&P500 |
1,002.63 |
+15.15 |
|
|
| S&P/TSX |
10,787.15 |
N/A |
 |
|
| S&P/TSX Venture |
1,179.57 |
N/A |
|
|
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NEW YORK (CP) – The Standard&Poor’s 500 index closed above 1,000 for the first time in nine months as upbeat economic reports bring out more buyers.
The S&P 500 index is up 15 at 1,002. The index is up nearly 50 per cent from a 12-year low in March.
The Dow Jones industrial average is up 115 to 9.287, while the Nasdaq is up 30 to 2,009. It is the Nasdaq’s first close above 2,000 since October.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Forest Oil Corporation (NYSE: FST)
After Monday’s market close, the company announced its second quarter results, including net income of $37.1 million or 36 cents per basic share. This compares to Forest's net loss of $68 million or a loss of 78 cents per basic share in the same quarter of 2008. Forest's adjusted EBITDA decreased 47% for the quarter to $199.9 million.