Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Get the facts on gold investing including eight exclusive feature stories in the Stockhouse North American Gold Report.
Jeff Clark of Growth Stock Wire explains why investors should get ready to buy oil stocks.
Top Bullboards post: “All in all.....
1. As predicted: CONSERVATIVE assumptions whacked the Resources
2. Appears as though a rush job report excluded MILLIONS of ounces
3. Consultant set himself up for more work.
4. Rather than being definitive, the new 43-101 Report leaves many more questions unanswered!” From December3 on the Century Mining (TSX: V.CMM, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:littleguy123 examines what he calls the utterly futile/incompetent “forecasts” that have been inflicted upon us by Western “economists” and “experts” over the past four years 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
"Japan slowly coming back likely resulted in the bounce back in the Chicago PMI. (But) With all the mixed readings around the country, tomorrow's national ISM will reconcile all and will be the most important data point of the week as we shift our focus back to the economy after all the Greek drama this week," said Peter Boockvar, equity strategist at Miller Tabak + Co, in an interview with Reuters.
Today In The Markets
Toronto Stock Exchange closes short week with four consecutive gains
|
| DJIA |
12,414.34 |
+152.92 |
 |
|
| NASDAQ |
2,773.52 |
+33.03 |
|
|
| S&P500 |
1,320.64 |
+13.23 |
|
|
| S&P/TSX |
13,300.87 |
+111.93 |
|
|
| S&P/TSX Venture |
1,904.18 |
+11.79 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market ended the last trading day of the quarter Thursday with a fourth consecutive session of gains.
The S&P/TSX composite index added 111.93 points to 13,300.87, with every sector in positive territory as the gain doubled just before the market closed ahead of the long, Canada Day weekend. The TSX Venture Exchange was up 11.75 points at 1,904.14.
Major indexes eked out a three-month gain as a volatile quarter came to a close.
Wall Street also closed solidly higher. The Dow Jones industrial average closed ahead 152.92 points at 12,414.34 and the Nasdaq gained 33.03 points to 2,773.52, while the broader Standard & Poor's 500 index rose 13.23 points to 1,320.64.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Darden Restaurants, Inc. (NYSE: DRI, Stock Forum)
Darden Restaurants, Inc. reported diluted net earnings per share and sales for the fourth quarter and fiscal year ended May 29, 2011. Fourth quarter total sales from continuing operations of $1.99 billion were a 6.8% increase from $1.86 billion in the prior year. Fourth quarter diluted net earnings per share from continuing operations were $138 million or $1.00, a 23% increase from the $1.86 billion or 81 cents per diluted share in the fourth quarter of last year. “Our strong fourth quarter completes a very successful year for Darden,” said Clarence Otis, Chairman and Chief Executive Officer of Darden.
HudBay Minerals Inc. (TSX: T.HBM, Stock Forum)
HudBay Minerals Inc. announced that it has acquired 13,500,000 Class A Shares of MacDonald Mines Exploration Ltd. (TSX: V.BMK, Stock Forum) at a purchase price of C$0.13 per Share for total consideration of C$1,755,000. The shares were acquired on a private placement basis and are subject to customary resale restrictions. As a result of the investment, HudBay currently owns and has control over 32,560,000 Shares (approximately 15.4% of the issued and outstanding shares) and 9,530,000 share purchase warrants which, together with the shares, represent approximately 19.1% of the issued and outstanding shares on a partially-diluted basis.