Today on Stockhouse
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David Fessler of Investment U writes about investing in the world's most reliable energy source.
Richard (Rick) Mills, meanwhile, explains how Endeavour is set to become a gold producer.
Top Bullboards post: “What the callers are trying to figure out is (1) is this two parallel runs of 1.5km? If so without anymore drilling using an average of 4gpt that's 3.6mil ounces. If not it's 2.6 million. Ones good the other is great. (2) when will the paid TD financing be done? (3) How quickly can they get drills to the other two zones? (4) is there a feeling the gold will continue at depth? The thought was there was about 5mil ounces total in the area. Is it still 5mil or is it 3.6+2.0+2.0 =7.6mill ounces. If so the TD target would get adjusted on the low side to $1.50 to the high side $2.90 by my simple calculations. Then it's all about time lines. Fast is better but continuous is good as well.” From kensin on the Canaco Resources (TSX: V.CAN, Stock Forum) board."
Top Bullboard:
Passport Metals (/www.stockhouse.com/FinancialTools/sn_overview.asp?symbol=">V.PPI">TSX: V.PPI, /www.stockhouse.com/FinancialTools/sn_overview.asp?symbol=">V.PPI">Stock Forum) received the most reads, while St. Elias Mines (TSX: V.SLI, Stock Forum) gathered the most posts.
Top blog: LexLuthor2 suggests members keep an eye on this silver/gold junior in his Lex Corp blog.
Word on Wall Street
"Earnings will be a positive surprise," predicted Jerry Harris, president of asset management at Sterne Agee, in an interview with MarketWatch. "I don't think they'll be barn-burners compared with where I would've guessed back in March, but I think they'll be adequately positive relative to the expectations that have come down.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| AAR Corp. (NYSE: AIR) |
Q4 |
$0.31 vs. $0.49 |
|
| Fastenal Co. (NASDAQ: FAST) |
Q2 |
$0.44 vs. $0.29 |
|
| Hi Tech Pharmacal (NASDAQ: HITK) |
Q4 |
$0.55 vs. $0.45 |
|
| Intel Corporation (NASDAQ: INTC) |
Q2 |
$0.43 vs. $ - 0.07 |
|
| Yum! Brands (NYSE: YUM) |
Q2 |
$0.54 vs. $0.50 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Couche-Tard (TSX: T.ATD.B) |
Q4 |
US$0.26 vs. $0.20 |
|
|
Today In The Markets
Toronto stock market little changed ahead of start of U.S. Q2 earnings season
|
| DJIA |
10,215.66 |
+17.63 |
 |
|
| NASDAQ |
2,198.36 |
+1.91 |
|
|
| S&P500 |
1,078.75 |
+0.79 |
|
|
| S&P/TSX |
11,565.76 |
-4.69 |
 |
|
| S&P/TSX Venture |
1,370.13 |
+0.58 |
|
|
(The Canadian Press) TORONTO-NEW YORK - The Toronto stock market closed little changed Monday as commodity prices weakened and investors looked to the start of the second-quarter corporate earnings season for clues on how the U.S. economy is performing.
The S&P/TSX composite index snapped a four-session winning run to dip 4.69 points to 11,565.76, while the TSX Venture Exchange added 0.58 of a point to 1,370.13.
The Canadian dollar was down 0.35 of a cent at 96.39 cents US.
New York markets were slightly higher with the Dow Jones industrial average ahead 18.24 points at 10,216.27.
The Nasdaq composite index added 1.91 points to 2,198.36 while the S&P 500 index ticked 0.79 of a point higher to 1,078.75.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Alcoa (NYSE: AA, Stock Forum) reported a second quarter 2010 profit from continuing operations of US$137 million or 0.13 cents a share, compared to a year earlier loss of $312 million or 32 cents, including restructuring charges. Revenue for the second quarter was $5. 2 billion, marking an increase of 22% from $4.2 billion in the second quarter of 2009.
Thermal Energy International Inc. (TSX: V.TMG, Stock Forum) reported a second quarter 2010 profit from continuing operations of US$137 million or 0.13 cents a share, compared to a year earlier loss of $312 million or 32 cents, including restructuring charges. Revenue for the second quarter was $5. 2 billion, marking an increase of 22% from $4.2 billion in the second quarter of 2009.
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