Today on Stockhouse
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Don Miller of Money Morning makes a case for gold shining no matter what the U.S. economy does.
While Keith Schaefer quotes someone who believes money invested in the natural gas space is likely to be “dead on arrival.”
Top Bullboards post: “I hope you're joking, this is massive news. 50% farm out of THREE blocks! By one of the most successful African drillers/producer. I'm from UK so know tullow well, they are a huge success story. I'm hoping this breaks AOI out of the range it's been in for a while now. It is so undersold, had it on my watch list for ages and this news made me buy a chunk first thing. Placing is well out the way now IMO - this is the carrot that was probably given to the instis IMO.” From SiFiUK on the Africa Oil (TSX: V. AOI, Stock Forum) board.
Top Bullboard: ATAC Resources (TSX: V.ATC, Stock Forum) received the second-most reads and third-most posts on a day its stock popped 20%.
Top blog: ghost11 lists junior miners the blogger added in August in the GHOST TRADER2 blog.
For news about small stocks that made big moves in Thursday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"We're sort of stuck in the mud," said Barry Knapp, managing director, equity research at Barclays Capital, in an interview with MarketWatch. While he noted that the housing and retail sales data topped expectations, Knapp said, "Nothing in the data to me points to a change in trend. It points to continued slow growth."
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Campbell Soup Co. (NYSE: CPB) |
Q4 |
$0.30 vs. $0.30 |
|
| Energy XXI (Bermuda) (NASDAQ: EXXI) |
Q4 |
$0.07 vs. $-0.60 |
|
| Xinhua Sports & Entertainment (NASDAQ: XSEL) |
Q2 |
$- 0.03 vs. $0.04 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| None expected |
|
|
|
Today In The Markets
U.S. data helps lift TSX; bank stocks lead even as TD narrowly misses forecasts
|
| DJIA |
10,320.10 |
+50.63 |
 |
|
| NASDAQ |
2,200.01 |
+23.17 |
|
|
| S&P500 |
1,090.10 |
+9.81 |
|
|
| S&P/TSX |
12,111.09 |
+107.31 |
|
|
| S&P/TSX Venture |
1,531.23 |
+13.60 |
|
|
(The Canadian Press) TORONTO-NEW YORK - The Toronto stock market closed at a three-and-a-half month high Thursday as further signs of U.S. economic growth helped lift most sectors, including financials even as TD Bank (TSX:TD) delivered earnings that narrowly missed expectations.
The S&P/TSX composite index was up 107.31 points at 12,111.09 while the TSX Venture Exchange gained 13.62 points to 1,531.25.
U.S. markets were slightly higher amid a mixed bag of economic data. The Dow Jones industrial average gained 50.63 points to 10,320.1.
The Nasdaq composite index was up 23.17 points at 2,200.01 while the S&P 500 index gained 9.81 points to 1,090.1.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
H&R Block Inc. (NYSE: HRB, Stock Forum) (NASDAQ: WAG, Stock Forum) posted its financial results for the fiscal first quarter ended July 31, 2010. The U.S. tax preparer posted a consolidated net loss of US$130.7 million or 41 cents a share in the quarter, compared to a year ago loss of $133.6 million or 40 cents a share. First quarter total revenues were down $1 million from the prior year to $274.5 million.
Donner Metals Ltd. (TSX: V.DON, Stock Forum) said it has received a positive feasibility study on the Bracemac-McLeod deposit from Xstrata Canada Corp. The study by Genivar Ltd. Partnership was commissioned by Xstrata Zinc and prepared on the basis of a 65% Xstrata, 35% Donner joint venture. Construction of the mine is underway and Donner has initiated its efforts to finance.