Today on Stockhouse
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Thom Calandra writes about a Toronto mine builder on the prowl.
Top Bullboards post: “Utica in Ohio is mostly about oil and liquids. Here in Quebec, it's more about dry gas even though we might have some permits that also have liquids (liquids trade at oil prices + prime). If I'm not mistaken, Junex might have permits potentially containing liquids along the St-Lawrence River, on the north shore, south of Quebec. P. 26 of their March 2011 presentation mentions it.” From bencro on the Junex (TSX: V.JNX , Stock Forum ) board.
Top Bullboard:Yellow Media (TSX: T.YLO, Stock Forum) received the most reads and posts on a day its share price plunged as much as 50%.
Top blog:vette350 examines the economics of this popular copper/gold/moly play in the CUU FACTS 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
"We want to rip this band-aid off already," said Peter Boockvar, equity strategist at Miller Tabak, in an interview with CNNMoney. "The equity markets don't like the dilly dallying by European officials."
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| CalAmp (NASDAQ: CAMP) |
Q2 |
$0.03 vs. $ - 0.03 |
|
| Micron Technology (NASDAQ: MU) |
Q4 |
$0.02 vs. $0.32 |
|
| Worthington Industries (NYSE: WOR) |
Q1 |
$0.39 vs. $0.30 |
|
| Xyratex (NASDAQ: XRTX) |
Q3 |
$0.18 vs. $1.20 |
|
Today In The Markets
TSX sells off, commodities slide on fresh uncertainty over Greek bailout terms
|
| DJIA |
11,010.90 |
-179.79 |
 |
|
| NASDAQ |
2,491.58 |
-55.25 |
|
|
| S&P500 |
1,151.06 |
-24.32 |
|
|
| S&P/TSX |
11,585.87 |
-235.22 |
|
|
| S&P/TSX Venture |
1,502.68 |
-67.75 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market closed deep in the red Wednesday as commodities sold off on renewed worries that a planned bailout for Greece will fail and lead to a government debt default.
The S&P/TSX composite index tumbled 235.22 points to 11,585.87 while the TSX Venture Exchange fell 67.75 points to 1,502.68.
New York markets lost early gains with the Dow industrials falling 179.79 points to 11,010.9. The Nasdaq composite index lost 55.25 points to 2,491.58 while the S&P 500 index shed 24.32 points to 1,151.06.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Freegold Ventures(TSX: T.FVL, Stock Forum)
After Wednesday's close, the gold junior reported assays from its Vinasale Project in Alaska, which included 57.5 metres of 3.94 grams per tonne gold.