Today on Stockhouse
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Ticker Trax’s Thom Calandra outlines the reasoning behind his shock rock portfolio.
And, Don Miller of Money Morning describes how China is stockpiling uranium in unprecedented quantities and what it means for the market.
Top Bullboards post: “Cash costs are slightly up from previous estimates but we still have some upside ...1. they used USD/€ 1.35 ... 2. mine life only 7 years ... this deposit has gold for 20 years in my opinion ..they just need to explore. the real NPV is much higher ;).” From kkkrrrr on the Orvana Minerals (TSX: T.ORV, Stock Forum) board.
Top Bullboard: San Gold (TSX: V.SGR, Stock Forum) received the most reads and the second-most posts.
Top blog:jerrio78 believes this gold junior could be the next East Asia Minerals in the The next 10-bagger 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
"They're being realistic that growth expectations for the second half of the year are certainly a bit lower than they were in January or in April," said Brian Lazorishak, portfolio manager and quantitative analyst at Chase Investment Counsel, in an interview with MarketWatch. "It's no big surprise. It's pretty much what everyone was expecting."
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Advanced Micro Devices (NYSE: AMD) |
Q2 |
$0.06 vs. $ - 0.49 |
|
| Fairchild Semiconductor (NYSE: FCS) |
Q2 |
$0.31 vs. $ - 0.03 |
|
| Google (NASDAQ: GOOG) |
Q2 |
$6.53 vs. $5.36 |
|
| JPMorgan Chase (NYSE: JPM) |
Q2 |
$0.70 vs. $0.28 |
|
| PPG Industries (NYSE: PPG) |
Q2 |
$1.41 vs. $0.91 |
|
| W.W. Grainger (NYSE: GWW) |
Q2 |
$1.50 vs. $1.21 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Astral Media (TSX: T.ACM.A) |
Q3 |
$0.86 vs. $0.78 |
|
| Nexen (TSX: T.NXY) |
Q2 |
$0.37 vs. $0.04 |
|
|
Today In The Markets
TSX lower: retail data, Fed's growth revision chill optimism from Intel earns
|
| DJIA |
10,366.72 |
+3.70 |
 |
|
| NASDAQ |
2,249.84 |
+7.81 |
|
|
| S&P500 |
1,095.17 |
-0.17 |
 |
|
| S&P/TSX |
11,620.16 |
-52.68 |
|
|
| S&P/TSX Venture |
1,384.56 |
+0.45 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed lower Wednesday as optimism arising from a solid earnings report from tech bellwether Intel Corp.was tempered by poor U.S. retail data and lower expectations for the overall American economy.
The S&P/TSX composite index moved 52.68 points lower to 11,620.16, while the TSX Venture Exchange added 0.45 of a point at 1,384.56.
The Dow Jones industrial average added 3.7 points to 10,366.72. The tech-heavy Nasdaq composite index benefited from the Intel report and gained 7.81 points to 2,249.84 while the S&P 500 index dipped 0.17 of a point to 1,095.17.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Cline Mining (TSX: T.CMK, Stock Forum)
After Wednesday’s close, the coal junior said it has received the necessary permits from the Colorado Department of Transportation to truck coal from its New Elk Coal Mine located in Las Animas County, Colorado, to the company's coal rail load-out at the nearby Jansen Rail Yard, Trinidad. In addition, the New Elk Coal Mine has received all of the required environmental permits from the State of Colorado for current mine operations.
|