Today on Stockhouse
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Ticker Trax’s Thom Calandra takes a peek at what’s behind this molybdenum junior’s vast weekly gain.
While Kent Moors of Money Morning provides four 'smart-grid' tech stock picks to energize your portfolio.
Top Bullboards post: “In the Uranium sector I like TVC - Tournigan most. Just look at the comparison table. They are working on their pre-feasibility and are drilling right now in the high grade "Zone 45". Average grade of their deposit is 0.37%. Compared to its peers TVC is way undervalued. You find TVC in the lower green line.” From ReportTrader on the Tournigan Energy (TSX: V.TVC, Stock Forum) board.
Top Bullboard: Premium Exploration (TSX: V.PEM, Stock Forum) received the most reads and the second-most posts.
Top blog: WesternRookie believes it’s a good time to buy shares of this coal junior in The Western Investor 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
"The banking system in Europe is sounder than some people thought it was ... but they only tested what they call the trading book, which is a significantly smaller portion than what they consider is on their balance sheets in terms of sovereign debt," said Gerald Buetow, chief investment officer at Innealta Capital, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Alberto-Culver Co. (NYSE: ACV) |
Q3 |
$0.37 vs. $0.30 |
|
| Coach Inc. (NYSE: COH) |
Q4 |
$0.56 vs. $0.43 |
|
| Crane Co. (NYSE: CR) |
Q2 |
$0.59 vs. $0.47 |
|
| Financial Institutions (NASDAQ: FISI) |
Q2 |
$0.38 vs. $0.16 |
|
| Local.com (NASDAQ: LOCM) |
Q2 |
$0.19 vs. $0.06 |
|
| Veeco Instruments (NASDAQ: VECO) |
Q2 |
$0.83 vs. $ - 0.15 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Cott Corporation (TSX: T.BCB) |
Q2 |
US$0.27 vs. $0.30 |
|
|
Today In The Markets
Toronto stock market ends higher after Euro stress test gives some confidence
|
| DJIA |
10,424.62 |
+102.32 |
 |
|
| NASDAQ |
2,269.47 |
+23.58 |
|
|
| S&P500 |
1,102.66 |
+8.99 |
|
|
| S&P/TSX |
11,714.21 |
+46.45 |
|
|
| S&P/TSX Venture |
1,394.98 |
+6.56 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed higher as investors were reassured by regulators that only a small number of European banks would struggle if the economy weakened.
The S&P/TSX composite index moved ahead 46.45 points to 11,714.21 as speculation over the outcome of the "stress tests" left markets cautious.
The Toronto energy sector gained 0.3 per cent as the September crude contract on the New York Mercantile Exchange tumbled 32 cents to close at US$78.98 a barrel.
Gold shares added 0.1 per cent as the August bullion contract fell $7.80 to end at US$1,187.80 an ounce on weakening fears of inflation.
In the U.S., the Dow Jones industrial average lifted 102.32 points to 10,424.62. The Nasdaq composite index was ahead 23.58 points at 2,269.47 while the S&P 500 index was up 8.99 points at 1,102.66.
The Canadian dollar was at 96.52 cents U.S., up 0.3 of a cent.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
McDonald’s Corp. (NYSE: MCD, Stock Forum)
McDonald’s Corp. announced what it said were strong results for the second quarter, driven by all areas of the world. The company reported net income of $1.23 billion or $1.13 a share in the quarter ended June 30 2010, up 12% from $1.09 billion or 98 cents in the same period last year. Second quarter revenue also rose 5% to $5.9 billion from $5.6 billion a year earlier.
First Nickel Inc. (TSX: T.FNI, Stock Forum)
First Nickel Inc. said it has signed a memorandum of agreement for a tentative renewal collective agreement with the Sudbury Mine, Mill & Smelter Workers Union Local 598 (CAW), which represents its Production and Maintenance employees.
The Company previously signed a renewal collective agreement in April of this year with the United Steelworkers Local 2020 which represents the Office Clerical & Technical employees. First Nickel’s key asset is the Lockerby mine near Sudbury, Ont.
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