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.
Frank Curzio of Growth Stock Wire describes how to make 25% return in energy over the next three months.
Top Bullboards post: “Two dollars per share is about right here folks, these guys are trying to steal it because they know they are going into production. Let's see what we find here first and let the market dictate what this thing is worth.” From str8cndian on the Augen Gold (TSX: V.GLD, Stock Forum) board.
Top Bullboard:Copper Fox Metals (TSX: V.CUU, Stock Forum) received the most reads and posts on a day its share price slide more than 13%.
Top blog:goodinfo11 makes a case for this potash junior in the Goodinfo's Blog "About Nothing" blog.
For news about small stocks that made big moves in Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"What the European Union is trying to do is keep the problem contained at a sovereign level and not have the infection spread to the banking system," said Jack Ablin, chief investment officer at Harris Private Bank, in an interview with Associated Press. "To see a bank drop that much that fast suggests there may be a breach."
| Selected expected U.S. earnings releases for Tueseday |
| (Consensus Estimates vs. Last Year) |
|
| Fastenal Co. (NASDAQ: FAST) |
Q2 |
$0.30 vs. $0.24 |
|
| Wolverine World Wide (NYSE: WWW) |
Q4 |
$0.46 vs. $0.39 |
|
Today In The Markets
TSX dives to 1-week low on euro zone worries
|
| DJIA |
12,505.76 |
-151.44 |
 |
|
| NASDAQ |
2,802.62 |
-57.19 |
|
|
| S&P500 |
1,319.49 |
-24.31 |
|
|
| S&P/TSX |
13,179.75 |
-191.95 |
|
|
| S&P/TSX Venture |
1,945.23 |
-39.58 |
|
|
Toronto & New York (The Canadian Press) - Toronto's main stock index closed at its lowest level in more than a week on Monday, dragged down by fears that the euro zone debt crisis could intensify and by weaker oil prices.
The Toronto Stock Exchange's S&P/TSX composite index tumbled 191.95 points, or 1.44 percent, to 13,179.75, with all of its 10 main index sectors dropping. It was the index's biggest one-day fall since June 6, when it fell 1.47 percent.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Alcoa (NYSE: AA, Stock Forum)
After Monday’s close, the aluminum producer posted a second-quarter profit of $322 million, or 28 cents a share, up from $136 million, or 13 cents a share, in the year-earlier period. Excluding charges, income from continuing operations came in at 32 cents a share. Revenue rose to $6.59 billion from $5.19 billion in the year-ago quarter. Analysts expected earnings of 33 cents a share on sales of $6.28 billion.