Today on Stockhouse
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Get the facts on gold investing including eight exclusive feature stories in the Stockhouse North American Gold Report
Thom Calandra offers up some hot gold/silver junior ideas from the Vancouver mining show.
This as Keith Schaefer writes about the new Canadian energy income trusts.
Top Bullboards post: “Again decent results and a drop in price. 0.8 is not "sexy" but it is very minable in an open pit concept a kilometer off the Trans-Canada hwy in Ontario. This mine continues to grow in every direction and the 43-101 should be very nice. I personally believe the drop was more a result of the long wait for any news and then when it finally comes it is decent and not "sexy". Like everyone else I started looking at the evaluation, etc. and still believe this is more short term manipulation/"par for the course" attitude on industry gold stocks presently than a valuation of this company.” From gravedigger51 on the Probe Mines (TSX: V.PRB, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts on a day its stock dropped more than 18%.
Top blog: ghost11 provides some cloud computing stock picks in the GHOST TRADER2 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 marketplace is a little nervous here, it’s kind of, let’s keep our fingers crossed and hope we’re in a soft patch,” said Jay Suskind, senior vice president at Duncan-Williams Inc., in an interview with MarketWatch. “I swung by the grocery store the other day just to pick up milk and bread and it was $12, and that doesn’t cover the cost of gas.”
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| National Semiconductor (NYSE: NSM) |
Q4 |
$0.27 vs. $0.33 |
|
| Rentrak Corporation (NASDAQ: RENT) |
Q4 |
$0.19 vs. $0.02 |
|
| Titan Machinery (NASDAQ: TITN) |
Q1 |
$0.22 vs. $0.09 |
|
| Vail Resorts (NYSE: MTN) |
Q3 |
$2.14 vs. $1.98 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Anvil Mining (TSX: T.AVM) |
Q1 |
$ - 0.02 vs. $0.04 |
|
| Taseko Mines ( TSX: T.TKO) |
Q1 |
$0.11 vs. $0.40 |
|
| Viterra (TSX: T.VT) |
Q2 |
$0.17 vs. $0.05 |
|
Today In The Markets
Worries about U.S. economic slowdown push TSX lower; oil prices surge
|
| DJIA |
12,048.94 |
-21.87 |
 |
|
| NASDAQ |
2,675.38 |
-26.18 |
|
|
| S&P500 |
1,279.56 |
-5.38 |
|
|
| S&P/TSX |
13,183.79 |
-99.13 |
|
|
| S&P/TSX Venture |
1,951.66 |
-52.36 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market racked up a seventh consecutive loss on Wednesday as the slower pace of the American economic recovery continued to discourage buyers.
The S&P/TSX composite index fell 99.13 points to 13,183.79 while the TSX Venture Exchange lost 52.35 points to 1,951.66.
New York markets were also weak as the Dow Jones industrial average edged 21.87 points lower to 12,048.94.
The Nasdaq composite index was down 26.18 points to 2,675.38 while the S&P 500 index lost 5.38 points to 1,279.56.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
The Men's Wearhouse (NYSE: MW, Stock Forum)
The Men's Wearhouse announced its consolidated financial results for the first quarter ended April 30, 2011. The company posted net earnings of $27.4 million or 52 cents per diluted common share, compared to $13.6 million or 26 cents in the same period last year. Sales in the quarter rose to $580 million from $473.5 million in the year earlier period.
Metropolitan Mining Inc. (TSX: V.MNZ, Stock Forum)
Metropolitan Mining Inc. announces that it will not be proceeding with the intended private placement of 5,900,000 units, to raise up to $354,000, as disclosed in the Company's Press Release dated June 1, 2011. The Company has deferred a decision on any form of financing until after Metropolitan's upcoming Annual General and Special Meeting of Shareholders scheduled for July 6, 2011.