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.
Richard (Rick) Mills outlines junior's plan today for tomorrow's REE demand.
Top Bullboards post: “In my opinion...Gibson only wants the 9 Claim Package to develop the Cote Lake Deposit. Augen did release the NI 43-101 Resource Estimate for the Jerome Mine...1 million inferred ounces....Open Pit Concept. This is a nice move...not to build value so much, but to give him some push to negotiate a deal for the 9 Claim Package. Trelawney does not want to be looked upon as "bullies." On its own the Resource of 1 million ounces is just a starting point for an Open Pit Operation...it is not a company maker or would it lead to a production decision. It does not have all that much value over and above the Trelawney Offer....Nice move by Gibson...he has a great team behind him! We must keep in mind that the Jerome Property that contains the ounces is only located about 20 miles from the Cote Lake Deposit...Get the Picture! The future developer of the Cote Lake Deposit will be able to haul the ore from Jerome Mine to the Processing Mill that will be constructed to process the Cote Lake Ore....Nice set up...right!” From digger144 on the Augen Gold (TSX: V.GLD, Stock Forum) board.
Top Bullboard:Allana Potash (TSX: V.AAA, Stock Forum) received the most reads and posts.
Top blog: littleguy123 presents what he calls the two sides of precious metals propaganda 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
“Companies have been optimistic in terms of second-half guidance; they are correctly reflecting that the second half of the year ought to be better than the first,” said Phil Orlando, equity-market strategist at Federated Investors, in an interview with MarketWatch. “Our view is the stock market should get to the 1,450 level by the end of the year.”
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Caterpillar (NYSE: CAT) |
Q2 |
$1.79 vs. $1.09 |
|
| General Electric Co. (NYSE: GE) |
Q2 |
$0.32 vs. $0.30 |
|
| Honeywell International (NYSE: HON) |
Q2 |
$0.98 vs. $0.73 |
|
| McDonald's (NYSE: MCD) |
Q2 |
$1.28 vs. $1.13 |
|
| Schlumberger (NYSE: SLB) |
Q2 |
$0.85 vs. $0.68 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Celestica (TSX: T.CLS) |
Q2 |
$0.25 vs. $0.21 |
|
| Precision Drilling ( TSX: T.PD) |
Q2 |
$0.07 vs. $ - 0.24 |
|
Today In The Markets
TSX up sharply on hopes for plan to ease Europe’s debt crisis
|
| DJIA |
12,724.41 |
+152.50 |
 |
|
| NASDAQ |
2,834.43 |
+20.20 |
|
|
| S&P500 |
1,343.80 |
+17.96 |
|
|
| S&P/TSX |
13,434.30 |
+93.47 |
|
|
| S&P/TSX Venture |
2,039.05 |
+21.19 |
|
|
Toronto & New York (The Canadian Press) - Bank and energy stocks led the way to a solid advance on the Toronto stock market Thursday as eurozone leaders announced a new plan to deal with the Greek government debt crisis.
The S&P/TSX composite index moved 93.47 points higher to 13,434.3 while the TSX Venture Exchange gained 21.19 points to 2,039.05.
In New York, the Dow Jones industrial average gained 152.5 points to 12,724.41.
The Nasdaq composite index was up 20.2 points to 2,834.43 while the S&P 500 index gained 17.96 points to 1,343.8.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Microsoft Corp. (NASDAQ: MSFT, Stock Forum)
Microsoft Corp. announced record fourth-quarter revenue of $17.37 billion for the quarter ended June 30, 2011, an 8% increase from the same period of the prior year. Operating income, net income, and diluted earnings per share for the quarter were $6.17 billion, $5.87 billion, and $0.69 per share, which represented increases of 4%, 30%, and 35%, respectively, when compared with the prior year period. For the fiscal year ended June 30, 2011, Microsoft reported record revenue of $69.94 billion, a 12% increase from the prior year. Operating income, net income, and diluted earnings per share for the year were $27.16 billion, $23.15 billion, and $2.69, which represented increases of 13%, 23%, and 28%, respectively, when compared with the prior year.
Augen Gold Corp. (TSX: V.GLD, Stock Forum)
Augen Gold Corp. announced that it will renew its drilling campaign in the West Coté Lake area within the eastern part of the Company's 45 km-long South Swayze Property between Sudbury and Timmins, Ont. This property is adjacent to Coté Lake, where Trelawney Mining and Exploration Inc. (TSX: V.TRR) has reported an Inferred Resource of 4.2 million ounces of gold.