Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Peter Kennedy describes how this uranium junior has bombed on nuclear fallout in his Stockhouse Short Report.
And, Andy Hoffman claims this molybdenum junior will soon be mining gold.
Top Bullboards post: “What we see here is PEM stepping out 16km and actually hitting more Gold... The numbers aren't blockbuster but the fact that they stepped out big time and are hitting again is pretty impressive and has me excited enough to go down and see the property soon to gauge this elephant we are onto here. They will have to get more drilling done to see what else is around this hit as well as more drill permits are approved …I am here for the long haul because I like management, they are aggressive... they have hit BIG holes such as 3 grams over 200m+ and many more near surface holes. There is a nice sized resource out over 1 million ounces Gold which could be doubled with current drilling and I do believe GOLD is headed higher which means proven ounces is worth more.” From coffintrader on the Premium Exploration (TSX: V.PEM, Stock Forum) board.
Top Bullboard:Sino-Forest (TSX: T.TRE, Stock Forum) received the third-most reads on a day its stock dropped more than 20%.
Top blog: littleguy123 uncovers what he believes is the phony argument against debt-default in the Outside the Market 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
"Jobless claims have taken a lot more meaning over the last several weeks," said Mark Luschini, chief investment strategist at Janney Montgomery Scott, in an interview with CNNMoney.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| American Woodmark (NASDAQ: AMWD) |
Q4 |
$ - 0.21 vs. $ - 0.23 |
|
Today In The Markets
Toronto stock market little changed following steep loss, oil prices rise
|
| DJIA |
12,248.55 |
-41.59 |
 |
|
| NASDAQ |
2,773.31 |
+4.12 |
 |
|
| S&P500 |
1,312.94 |
-1.61 |
|
|
| S&P/TSX |
13,519.50 |
-8.38 |
|
|
| S&P/TSX Venture |
2,058.02 |
-9.40 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market was little changed Thursday with investors disinclined to do much ahead of the release of the U.S. government's employment report for May on Friday.
The S&P/TSX closed 8.38 points lower to 13,519.5 after initially trading up almost 100 points as investors tentatively bought up stocks beaten down in the course of 275-point plunge Wednesday.
The TSX Venture Exchange was off 9.23 points to 2,058.19, while the Canadian dollar moved lower, up 0.01 of a cent to 102.5 cents U.S.
The Dow Jones industrial average was down 41.59 points to 12,248.55.
The Nasdaq composite index gained 4.12 points to 2,773.31 while the S&P 500 index was down 1.61 points to 1,312.94.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Diamond Foods, Inc. (NASDAQ: DMND, Stock Forum)
Diamond Foods, Inc. reported strong financial results for its third quarter of fiscal 2011 and raised guidance for fiscal year 2011. For the three months ended April 30, 2011 non-GAAP diluted earnings per share was $0.52 and non-GAAP net income was $11.8 million, 91 percent above the prior year's comparable net income. On a GAAP basis, EPS was $0.34 compared to $(0.22) for the prior year's comparable period. This year's GAAP EPS included costs associated with the announced merger with Pringles and integration costs associated with the Kettle acquisition, while last year's GAAP EPS included costs associated with the Kettle acquisition. Net sales during the quarter grew 61 percent to $223 million, driven by significant growth in snack revenue and international non-retail sales.
Bravo Gold Corp. (TSX: V.BVG, Stock Forum)
Bravo Gold Corp. reported today that the company proposes to issue up to a total of 39 million Units at a price of $0.13 per Unit for gross proceeds of $5.0 million. Each Unit consists of one flow-through common share and one-half non flow-through transferable share purchase warrant; each whole share purchase warrant is exercisable to purchase one additional non flow-through common share at a price of $0.20 for a period of two years. Finder's fees may be payable. The private placement and finder's fees are subject to regulatory approval.