Today on Stockhouse
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Ticker Trax’s Thom Calandra writes about visible gold in Ghana.
And, William Mbaho of BNWnews.ca explains why vanadium is critical to U.S. industry.
Top Bullboards post: “JAG was a screaming buy when it got down to $4, especially after the 19 April press release confirming Q1 production of 41,449 oz. JAG is substantially undervalued and one of the cheapest gold producers on the market. The shorts will have a huge problem if JAG confirms slightly higher grade at depth. They will not be able to cover. In all probability, JAG will find higher grade at depth; they only need a slight increase to shift the balance heavily in JAG favour; this will result in lower production costs. I tend to favour JAG delaying or prolonging Gurupi construction in favour of drill testing for higher grade ore at depth. JAG has lots of cash to get its 3 mines in great condition. Given that JAG will produce 200K per year, with only 85 mil shares out; and 10 million shorts need to be cleared, this gives huge upside pressure pushing JAG onwards and upwards.” From 1BestPicks on the Jaguar Mining (TSX: T.JAG, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog: LexLuthor2 believes this energy junior is a bargain and potential takeover target in the Lex Corp 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
"The rally has been led by the raw materials, which is linked to a rebound in some of the commodity prices," said Nick Kalivas, an analyst at MF Global in Chicago, in an interview with Reuters. The earnings "were strong and breathed some life back into technology."
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Aruba Networks (NASDAQ: ARUN) |
Q3 |
$0.15 vs. $0.08 |
|
| Buckle (NYSE: BKE) |
Q1 |
$0.73 vs. $0.64 |
|
| Dollar Tree (NASDAQ: DLTR) |
Q1 |
$0.75 vs. $0.61 |
|
| Foot Locker (NYSE: FL) |
Q1 |
$0.44 vs. $0.34 |
|
| Intuit (NASDAQ: INTU) |
Q3 |
$2.28 vs. $1.89 |
|
| Williams-Sonoma (NYSE: WSM) |
Q1 |
$0.28 vs. $0.23 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| CAE, Inc. (TSX: T.CAE) |
Q4 |
$0.18 vs. $0.16 |
|
Today In The Markets
Toronto stock market surges amid rising commodity prices, positive earnings
|
| DJIA |
12,560.18 |
+80.60 |
 |
|
| NASDAQ |
+80.60 |
+31.79 |
|
|
| S&P500 |
1,340.68 |
+11.70 |
|
|
| S&P/TSX |
13,607.25 |
+166.19 |
|
|
| S&P/TSX Venture |
1,992.11 |
+23.29 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market chalked up a solid gain Wednesday as investors bought up resource companies and other stocks that have been beaten down in recent weeks, while signs of higher demand sent oil prices surging.
The S&P /TSX composite index jumped 166.19 points to 13,607.25 with all sectors positive while the TSX Venture Exchange gained 23.29 points to 1,992.11.
New York markets were also up sharply after the Federal Reserve released minutes that showed that officials at the central bank are not planning to tighten monetary policy soon.
The Dow Jones industrial average gained 80.6 points to 12,560.18.
The Nasdaq composite index rose 31.79 points to 2,815 while the S&P 500 index was ahead 11.7 points to 1,340.68.
After-Hours News
LinkedIn Corp.
LinkedIn Corp. he world's largest professional network on the Internet, today announced the pricing of its initial public offering of 7,840,000 shares of common stock at a price to the public of $45.00 per share. A total of 4,827,804 shares are being offered by LinkedIn Corporation, and a total of 3,012,196 shares are being offered by selling stockholders. LinkedIn’s common stock will trade on the New York Stock Exchange under the symbol LNKD
Bard Ventures Ltd. (TSX: V.CBS, Stock Forum)
Bard Ventures Ltd., as a result of a review by the British Columbia Securities Commission, is issuing the following news release to clarify its disclosure. Contrary to certain sections of National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) the Company is deficient in its disclosure record as a result of the following: failure to disclose the mineral resource category, failure to report each category of mineral resource or mineral reserve separately; practice of adding inferred mineral resources to other categories; failure to provide the cautionary language required for written disclosure of mineral resources and mineral reserves that have not demonstrated economic viability; and practice of disclosing results of a economic evaluation without inclusion of cautionary language.