Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Thom Calandra provides a technical update on his Planetary Prospects in his subscribers-onlyTicker Trax.
This as Keith Schaefer explains why now is the time to buy natural gas stocks.
Top Bullboards post: “The(y) just closed 2.92M dollars of hard cash-in our current environment, that is a powerful statement - 100% owned 25 000 hectares of a prospective gold belt. Infrastructure very near - 100% hit rate of quartz rock so far in the first 16 holes drilled with visible gold in some holes. Head geologist of great reputation, was asked by the TSX to investigate Bre-X because he is so well regarded by authorities. He believes that the property holds 5-10 million ounces of gold. Grade to come in somewhere between 3-5 g/t, this is a low grade, very high tonnage potential. Soil Gaz Hydracarbon technique used to identify drill target has been very accurate so far with the best target, Beland, 7km away from the Timmins zone being drilled in the next 2 weeks. The potential here is for another Malartic type deposit.” From glorieux on the Golden Hope Mines (TSX: V.GNH, Stock Forum) board.
Top Bullboard:Spider Resources (TSX: V.SPQ, Stock Forum) received the most reads and the second-most posts.
Top blog:WesternRookie believes this gold junior will be the next West Timmins Mining (TSX: T.WTM, Stock Forum) in The Western Investor blog.
For news about small stocks that made big moves in Thursday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"China so far has been able to pull this off," said John Apruzzese, partner and equity portfolio manager at Evercore Wealth Management, in an interview with Associated Press. "There's more focus on Europe but I think it's more about China."
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| China-Biotics (NASDAQ: CHBT) |
Q4 |
$0.36 vs. $0.39 |
|
| Nathan's Famous (NASDAQ: NATH) |
Q4 |
$0.15 vs. $0.15 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Patheon (TSX: T.PTI) |
Q2 |
US$0.03 vs. $0.021 |
|
|
Today In The Markets
TSX higher, Chinese exports lift anxiety about global economic recovery
|
| DJIA |
10,172.53 |
+273.28 |
 |
|
| NASDAQ |
2,218.71 |
+59.86 |
|
|
| S&P500 |
1,086.84 |
+31.15 |
|
|
| S&P/TSX |
11,635.85 |
+185.21 |
|
|
| S&P/TSX Venture |
1,452.91 |
+8.34 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed higher as good economic news from China helped curb worry that Europe's debt crisis will seriously hamper the global recovery.
The S&P/TSX composite index jumped 185.21 points to 11,635.85.
Commodity stocks led advancers after the Chinese government said exports rose 48.5 per cent in May, while its imports jumped 48.3 per cent last month.
The news was particularly welcome to investors who had grown concerned that China would inadvertently slow growth too much in an attempt to prevent its economy from overheating, thus hurting the global rebound.
Oil gained $1.10 to US$75.48 a barrel while the Canadian dollar climbed 1.21 cents to 96.97 cents US.
New York's Dow Jones industrial average surged 273.28 points to 10,172.53. The Nasdaq composite index was up 59.86 points at 2,218.71, while the S&P 500 index rose 31.15 points to 1,086.84.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Dell Inc. (NASDAQ: DELL, Stock Forum)
Dell Inc. revised its fiscal 2011 first quarter results to reflect a US$100 million legal liability for the possible settlement by the company of a previously reported investigation by the U.S. Securities and Exchange Commission. As a result, it expects first quarter (GAAP) earnings to be 17 cents a share, down from 22 cents, according to a regulatory filing.
New Pacific Metals Corp.(TSX: V.NUX, Stock Forum)
New Pacific Metals Corp. said it has staked the Eva Lake property, consisting of 65 contiguous claims and covering 260 square kilometres west of Gladys Lake, approximately 35 kilometres northeast of Atlin, British Columbia. The area was first recognized as being prospective in 1977, leading a Noranda Mines Ltd. subsidiary to stake ground in the region where several lead-zinc anomalies have since been identified via soil geochemical surveys.
|