Today on Stockhouse
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Andrew Mickey of Q1 Publishing believes there’s a surprising opportunity behind the Tesla Motors IPO.
While Tony Daltorio of Investment U explains how investors can ride the shipping container wave to big gains.
Top Bullboards post: “Good to see LSG holding its value despite the pummeling of au prices over the past couple of days. I guess the market recognizes the potential of this organization. Two - Three million proven ounces with potential for five - six million when all is said and done and tallied at Thunder Creek, to say nothing of potential of Mexican properties. All in politically friendly mining jurisdictions. I think the thing that really sets LSG apart from the competition is their infrastructure. 710 m shaft at Timmins and production to ramp up at Bell Creek in Q3. Also the company appears to be financially sound with a $30 million cash balance projected for year end. The only troubling thing I could find is the 158 million in Future income tax liability, but I think this is amortized by the CEE (Canadian Exploration Expenditures)?” From Schussing on the Lake Shore Gold (TSX: T.LSG, Stock Forum) board.
Top Bullboard: Spider Resources (TSX: V.SPQ, Stock Forum, Stock Forum) received the most reads and posts.
Top blog: sydenham provides some analysis on this gold/silver explorer in the Under the Radar blog.
Word on Wall Street
"We have really seen a set of reports over the last month indicating that the global economy has hit a soft spot, so there was some chance this was going to be a real disappointing (jobs) number and we dodged that bullet," said Jim McDonald, chief investment strategist at Northern Trust Global Investments, in an interview with MarketWatch. "This shows an economy that is still growing, but at a disappointing pace."
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
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| Pure Cycle (NASDAQ: PCYO) |
Q3 |
$-0.07 vs. $-0.07 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
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| None Expected |
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Today In The Markets
TSX, U.S. markets end session weaker on economic data, gold stocks
|
| DJIA |
9,686.48 |
-46.05 |
 |
|
| NASDAQ |
2,091.79 |
-9.57 |
|
|
| S&P500 |
1,022.58 |
-4.79 |
|
|
| S&P/TSX |
11,196.06 |
-98.36 |
|
|
| S&P/TSX Venture |
1,384.95 |
-30.94 |
|
|
TORONTO-NEW YORK (The Canadian Press) - North American stock markets ended lower after a weak showing in the latest U.S. jobs and factory order data, while gold stocks also took a hit even as the price of bullion increased.
The S&P/TSX composite index was off 98.36 points at 11,196.06 in the first day of trading after the Canada Day holiday Thursday when Canadian markets were closed.
New York's Dow Jones industrial average slipped 46.05 points to 9,686.48. The Nasdaq composite index lost 9.57 points to 2,091.79, while the S&P 500 index was down 4.79 points at 1,022.58.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
KWG Resources (TSX: V.KWG, Stock Forum)
After Friday’s close, the junior explorer announced that Spider Resources (TSX: V.SPQ, Stock Forum) has terminated the combination agreement among KWG, its wholly-owned subsidiary, 7569076 Canada Inc., and Spider dated as of June 11, 2010, and has paid to KWG a break-fee of $2.3 million in connection with such termination.
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