Today on Stockhouse
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Doug Casey writes about what he considers to be glowing prospects for uranium.
Top Bullboards post: “Yellow Jacket will need to do some funding but once that's completed then most of the dividends which should be expected will be returned to EPL/Yellow Jacket holders. I like the fact it's in house and not a JV as it represents more value for us over the years to come. With an initial 33 million shares outstanding & $500,000 then if they can do a placement in the 30 cents range for say 17 million shares that would bring in $5 mill plus enough to get it up and running to perfection. Whether this all happens is another story because obviously from EPL's share price Yellow Jacket has not been factored in as a 30 cent asset. The fact it will be producing, eventually, could bring investors in at higher prices.” From NineLives on the Eagle Plains Resources (TSX: V.EPL, Stock Forum) board.
Top Bullboard:Top blog:littleguy123 explains why he believes volatility does not equal risk 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
“The economic numbers have been anemic but not negative, you just can’t make the case for a bear market and a recession,” said Hugh Johnson, chairman of Hugh Johnson Advisors, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| NRG Energy (NYSE: NRG) |
Q3 |
$0.58 vs. $0.87 |
|
| The Greenbrier Companies (NYSE: GBX) |
Q4 |
$0.42 vs. $ - 0.17 |
|
Today In The Markets
Stocks rise amid positive U.S. data, vote to expand eurozone bailout fund
|
| DJIA |
11,153.98 |
+143.08 |
 |
|
| NASDAQ |
+143.08 |
-10.82 |
 |
|
| S&P500 |
1,160.40 |
+9.34 |
|
|
| S&P/TSX |
11,686.32 |
+100.45 |
|
|
| S&P/TSX Venture |
1,482.22 |
-20.46 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market closed higher amid positive U.S. economic news and a German vote in favour of a strengthened bailout fund to help European countries with their debts.
The S&P /TSX composite index closed 100.44 points higher at 11,686.32. The junior TSX Venture Exchange was down 20.46 points to 1,482.22.
The Dow Jones industrial average was up 143.08 points to 11,153.98. The Nasdaq composite index was down 10.82 points to 2,480.76 and the S&P 500 index gained 9.34 points to 1,160.4.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Micron (NASDAQ: MU, Stock Forum)
After Thursday's close, the memory chip maker said it swung to a net loss of $135 million, or 14 cents a share, in its fiscal fourth quarter. A year ago, it made $342 million, or 32 cents a share. Analysts expected earnings of a penny a share. Sales were $2.14 billion, down from $2.49 billion in the same period a year ago. Wall Street expected sales to come in at $2.11 billion.
Macusani Yellowcake(TSX: V.YEL, Stock Forum)
The junior explorer, after Thursday's close, announced additional assay results from the drilling program at the Chilcuno Chico anomaly on the Kihitian Property in Peru, which included 15 metres with a weighted average grade of 583 ppm U3O8 (or 1.166 lbs/ton).