Today on Stockhouse
Frank Curzio focuses on the coming China coal boom and electricity demand.
Dr. Steve Sjuggerud tells you how to earn income in a zero-per cent world.
Thom Calandra says many of the hottest juniors are exploring in Mexico, Colombia and Peru.
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Top Bullboards post: “All the ducks have aligned. It’s a matter of days now,’’ said grandejohnson in the KWG Resources Inc. (TSX: V.KWG, Stock Forum) board. Grandejohnson is speculating about a possible takeover bid for KWG.
Top Bullboard:
01 Communique Laboratory Inc. (TSX: T.ONE, Stock Forum) was the most posted Bullboard and it received the highest number of reads.
Top blog: Ghost11 says that P/E ratios are looking attractive, so if this market continues, we will be buyers in theGhostTrader2 blog.
For news about small stocks that made big moves in Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Investors are continuing to react to the onslaught of marginally negative news regarding the pace of the global economic recovery," said Fred Dickson, chief investment strategist at Davidson Cos during an interview with CBS MarketWatch.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Aastrom Biosciences (NASDAQ: ASTM) |
Q4 |
-$0.15 vs -$0.14 |
|
| Abercrombie & Fitch (NYSE: ANF) |
Q2 |
$0.16 vs -$0.09 |
|
| Analog Devices (NYSE: ADI) |
Q3 |
$0.60 vs $0.22 |
|
| Home Depot (NYSE: HD) |
Q2 |
$0.71 vs $0.64 |
|
| Jamba Inc. (NASDAQ: JMBA) |
Q2 |
$0.07 vs -$0.10 |
|
| TJX Companies (NYSE: TJX) |
Q2 |
$0.73 vs $0.61 |
|
Today In The Markets
TSX closes slightly higher as Japanese data raises more worries about rebound
|
| DJIA |
10,302.01 |
-1.14 |
 |
|
| NASDAQ |
2,181.87 |
+8.39 |
 |
|
| S&P500 |
1,079.38 |
+0.13 |
|
|
| S&P/TSX |
11,552.76 |
+24.51 |
|
|
| S&P/TSX Venture |
1,457.16 |
+0.11 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market racked up a modest gain Monday despite data from Japan that showed economic growth slowing considerably in the second quarter.
The S&P/TSX composite index climbed 24.51 points to 11,552.76, thanks in large part to rising gold stocks, while the TSX Venture Exchange ticked ahead 0.11 of a point to 1,457.16.
New York's Dow Jones industrial average was off 1.14 points to 10,302.01.
The Nasdaq composite index gained 8.39 points to 2,181.87 while the S&P 500 index inched up 0.13 of a point to 1,079.38.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
High River Gold Mines Ltd. (TSX: T.HRG, Stock Forum)
High River Gold Mines Ltd. said Severstal Gold N.V., a subsidiary of OAO Severstal, has exercised warrants held by it and acquired 40.7 million common shares of High River at 64 cents per share. The warrants were transferred to Severstal Gold in November 2009 from another Severstal subsidiary. High River received cash proceeds of $26 million from the exercise of the Warrants. Following this transaction, Severstal will own or control 591.3 million common Shares, or approximately 70.38 % of the company.