Today on Stockhouse
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Ticker Trax’s Thom Calandra writes about a gold junior that has High-T served up in Panama.
This as Peter Degraaf has some good and bad news about gold and silver.
Top Bullboards post: “This is great news! Xstrata fast tracking the mine is wonderful to hear! Obviously Xstrata will want to own 100% of the whole show, not just the 65% they are working towards. Donner is going to be taken out at any time now. Look for a halt soon. Xstrata would be pretty dumb not to take Donner out and risk someone else stepping up and ruining Xstrata’s plans. C’mon Xstrata, offer us Donner shareholders $.40 and it’s a deal.” From stockguy0 on the Donner Metals (TSX: V.DON, Stock Forum) board.
Top Bullboard:KWG Resources (TSX: V.KWG, Stock Forum) received the most reads and posts on a day its stock popped more than 13%.
Top blog:littleguy123 provides his take on the U.S. mall-vacancy nightmare in the Outside the Market blog.
For news about small stocks that made big moves in Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Earnings season is really going to determine whether this market continues to rally like the last few days or whether this rally turns around and fades away," said King Lip, chief investment officer at Baker Avenue Asset Management, in an interview with MarketWatch. "The concern is, what is the outlook for Q3 and Q4?"
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Alcoa (NYSE: AA) |
Q2 |
$0.12 vs. $ - 0.26 |
|
| CSX Corp. (NYSE: CSX) |
Q2 |
$0.97 vs. $0.72 |
|
| Kinder Morgan Energy Partners LP (NYSE: KMP) |
Q2 |
$0.40 vs. $0.34 |
|
| National Beverage (NASDAQ: FIZZ) |
Q4 |
$0.18 vs. $0.15 |
|
| Novellus Systems (NASDAQ: NVLS) |
Q2 |
$0.60 vs. $ -0.41 |
|
Today In The Markets
TSX, C$ jumps amid solid jobs data; N.Y. advances ahead of earnings
|
| DJIA |
10,198.03 |
+59.04 |
 |
|
| NASDAQ |
2,196.45 |
+21.05 |
|
|
| S&P500 |
1,077.96 |
+7.71 |
|
|
| S&P/TSX |
11,570.45 |
+137.08 |
|
|
| S&P/TSX Venture |
1,369.55 |
+16.54 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market advanced for a fourth session Friday as economic optimism got another boost from a blowout Canadian jobs report.
The S&P/TSX composite index gained 137.08 points to 11,570.45 after Statistics Canada reported that the economy created 93,200 jobs last month, much higher than the 20,000 that economists had expected.
The unemployment rate dropped to 7.9 per cent in June from 8.1 per cent in May.
The Canadian dollar was up sharply following the jobs report, rising 0.95 of a cent to 96.74 cents US on growing conviction the Bank of Canada will raise interest rates on July 20.
Oil gained 65 cents to US$76.09.
New York's Dow Jones industrial average was 58.73 points higher at 10,197.72, the Nasdaq composite index gained 21.05 points to 2,196.45 and the S&P 500 rose 7.68 points to 1,077.93.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Wilmington Capital Management Inc. (TSX: T.WCM.A, Stock Forum)
Wilmington Capital Management Inc. said a directly owned subsidiary has struck a deal to acquire a 45.45% indirect interest in a portfolio of 12 self-storage facilities in southwestern Ontario. The aggregate cost of the property portfolio, including closing costs, will amount to about $20.7 million and is expected to be financed by a term facility and equity of approximately $8 million, the company said.