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.
Peter Kennedy reports on a potash junior that is upbeat despite its stock's retreat.
Top Bullboards post: “This is great news, I have been waiting for this news and with the low float and the chart bottomed it will move quickly from these low ranges. Looks like we are in play again. Should be up from here and I would not wait to get a position, China about to clamp down again on exports.” From PLAYER13 on the BE Resources (TSX: V.BER, Stock Forum) board.
Top Bullboard:BE Resources (TSX: V.BER, Stock Forum) received the second-most reads and posts on a day its stock price skyrocketed more than 700%.
Top blog: LexLuthor2 offers up an update on junior resource stock picks in the The Lex Corp News Letter blog.
For news about small stocks that made big moves in Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“Caterpillar and several smaller companies delivered earnings that missed estimates, balancing out the list of positive surprises,” according to Fred Dickson, chief investment strategist at Davidson Cos., in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Baidu (NASDAQ: BIDU) |
Q2 |
$0.66 vs. $0.35 |
|
| Crane Co. (NYSE: CR) |
Q2 |
$0.83 vs. $0.67 |
|
| Graham (AMEX: GHM) |
Q1 |
$0.22 vs. $0.09 |
|
| Netflix (NASDAQ: NFLX) |
Q2 |
$1.11 vs. $0.80 |
|
| Stillwater Mining Co. (NYSE: SWC) |
Q2 |
$0.49 vs. $0.14 |
|
| Texas Instruments (NYSE: TXN) |
Q2 |
$0.53 vs. $0.62 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Canadian National Railway (TSX: T.CNR) |
Q2 |
$1.26 vs. $1.13 |
|
Today In The Markets
TSX closes higher on rising commodities, loonie falls on lower inflation
|
| DJIA |
12,681.16 |
-43.25 |
 |
|
| NASDAQ |
2,858.83 |
+24.40 |
 |
|
| S&P500 |
1,345.02 |
+1.22 |
|
|
| S&P/TSX |
13,494.63 |
+60.33 |
|
|
| S&P/TSX Venture |
2,059.60 |
+20.55 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed in positive territory Friday after investors took in rising commodity prices and mixed Canadian economic data.
The S&P/TSX composite index added 60.33 points to 13,494.63, with the gold-heavy materials index leading the way higher. The TSX Venture exchange gained 20.55 points to 2,059.6.
Wall Street markets were mixed with the Dow Jones industrial average down 43.25 points to 12,681.16, while the Nasdaq added 24.4 points to 2,858.83. The S&P index was up 1.22 points to 1,345.02.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Brown & Brown, Inc. (NYSE: BRO, Stock Forum)
Brown & Brown, Inc., announced the settlement of its lawsuit against former employees, Jim W. Henderson, Thomas E. Riley, Eric A. Anderson, Stanley K. Kinnett, II, Paul A. Vredenburg, and their new company, AssuredPartners, Inc. "We are satisfied with the settlement in this litigation, and we believe this matter was resolved appropriately within the judicial system," said J. Powell Brown, President and Chief Executive Officer of Brown & Brown, Inc.
AltaGas Ltd. (TSX: T.ALA, Stock Forum)
AltaGas Ltd. announced that the ratification vote by the Tahltan Nation on the proposed McLymont Creek and Volcano Creek Impact Benefit Agreements (IBA) as announced on June 1, 2011, will now take place September 9 to September 15, 2011. In addition, the Tahltan Central Council will be issuing a Notice of Vote to Tahltan membership, which initiates the formal voting process on or before July 27, 2011. The delay is not expected to impact the schedules for either project.