Today on Stockhouse
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Ticker Trax’s Thom Calandra writes about a platinum junior (PTM) poised for a massive gain.
While Marc Davis of BNWnews.ca profiles six gold juniors with a resource of more than 10-million ounces.
Top Bullboards post: “They had no choice but to merge KWG and SPQ-because the way the offer by Cliffs was present--------you could have one of the company with no offer stand still for years-------best thing the management of both company could do to protect the shareholders of both company was to merge-------hat up for both management for thinking of the shareholder value.” From SAPOA333 on the KWG Resources (TSX: V.KWG, Stock Forum) board.
Top Bullboard:Spider Resources (TSX: V.SPQ, Stock Forum) received the most reads and posts on a day its share price surged 69%.
Top blog:karlwmiller1 explains why the blogger is moving towards natural gas faster than planned in the Do you believe that Natural Gas is a clean and sustainable "bridge fuel" for the United States blog.
For news about small stocks that made big moves in Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"It seems like the Europeans are playing 'tag, you're it ' -- first it was Greece and now it's maybe Spain or Portugal," said Corpina, a New York Stock Exchange floor trader, in an interview with Associated Press. "We know someone else is next. The problem is that it seems like every plan in place isn't going to satisfy the needs."
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Big Lots (NYSE: BIG) |
Q1 |
$0.67 vs. $0.44 |
|
| Blue Coat Systems (NASDAQ: BCSI) |
Q4 |
$0.40 vs. $0.19 |
|
| Costco Wholesale (NASDAQ: COST) |
Q3 |
$0.66 vs. $0.52 |
|
| Genesco (NASDAQ: GCO) |
Q1 |
$0.22 vs. $0.17 |
|
| J. Crew Group (NYSE: JCG) |
Q1 |
$0.57 vs. $0.32 |
|
| Tiffany & Co. (NYSE: TIF) |
Q1 |
$0.37 vs. $0.20 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Cdn Imperial Bank (TSX: T.CM) |
Q2 |
$1.46 vs. $ - 0.24 |
|
| National Bank (TSX: T.NA) |
Q2 |
$1.46 vs. $1.41 |
|
| Royal Bank of Canada (TSX: T.RY) |
Q2 |
$1.08 vs.$ - 0.07 |
|
| Toronto-Dominion Bank (TSX: T.TD) |
Q2 |
$1.38 vs. $0.68 |
|
|
Today In The Markets
Euro worries punish TSX despite strong BMO earnings, positive economic forecast
|
| DJIA |
9,974.45 |
-69.30 |
 |
|
| NASDAQ |
2,195.88 |
-15.07 |
|
|
| S&P500 |
1,067.95 |
-6.08 |
|
|
| S&P/TSX |
11,543.90 |
+25.82 |
 |
|
| S&P/TSX Venture |
1,469.68 |
+19.53 |
|
|
TORONTO-New York (The Canadian Press) - The Toronto stock market closed slightly higher as positive sentiment from a solid kickoff to the banks' earnings season and positive economic data fell prey to another round of worry about the European government debt crisis.
The S&P/TSX composite index came down from a 206-point surge to close up 25.82 points at 11,543.9.
Gains started to melt away late in the session following a report that China is reviewing its European bond holdings.
The Canadian dollar was up 0.12 of a cent at 93.58 cents US, while oil gained $2.76 to US$71.51 a barrel.
Bank of Montreal reported that quarterly earnings doubled from a year ago to $745 million.
New York markets also gave up early strong gains with the Dow Jones industrials down 69.3 points at 9,974.45. The Nasdaq composite index was 15.07 points lower at 2,195.88 while the S&P 500 index declined 6.08 points to 1,067.95.
Please click here for the complete U.S. market summary.
After-Hours News
NetApp(NASDAQ: NTAP, Stock Forum)
NetAppreported results for the fourth fiscal quarter and fiscal year 2010, which ended April 30, 2010. Revenues for the fourth fiscal quarter of 2010 totaled US$1.17 billion, up from $880 million for the same period one year ago.
Net income in the quarter was $145 million, or $.40 per share[1] compared to net income of $68 million, or $0.21 per share for the same period in the prior year. “With 50% growth in product revenue this quarter, NetApp significantly outperformed the competition,’’ said Tom Georgens, President and Chief Executive Officer.
Kaminak Gold Corp. (TSX: V.KAM, Stock Forum)
Kaminak Gold Corp. tabled assay results from the first two holes drilled on its 100% owned Coffee Project, located in the White District, Yukon Territory. Highlights from the program included a 15.5-metre intersection, averaging 17.1 grams-per tonne. Kaminak officials are set to discuss the significance of the latest explorationi results during a conference call on Thursday morning.
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