Today on Stockhouse
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Thom Calandra reports on a Mexican silver junior seeking victory.
Top Bullboards post: “This new management team has quite a track record. I think AAM has an excellent resource in reference to the Chile mine. With the very high price for Iodine, and the huge expansion plans for the mine, I believe Atacama is going to do very well, and have an excellent future. What puzzles me in spite of that though is that AAM would very much seem to be out of this team's class. Makes me wonder what's in that new mine that this team finds so interesting.” From redcoats on the Atacama Minerals (TSX: V.AAM, Stock Forum) board.
Top Bullboard: Yellow Media (TSX: T.YLO, Stock Forum) received the most reads and posts on a day its share price slipped 13%.
Top blog:littleguy123 writes about what he considers to be the myth of over-regulation in the Outside the Market blog.
For news about small stocks that made big moves Thursday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“The market was already on a very strong move on the relief rally coming out of Europe, and then the GDP report is the strongest evidence yet that the U.S. isn’t in a recession, and it didn’t scare itself into a recession in the third quarter,” said David Kelly, chief market strategist at J.P. Morgan Funds, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Aon Corporation (NYSE: AON) |
Q3 |
$0.73 vs. $0.61 |
|
| Chevron (NYSE: CVX) |
Q3 |
$3.44 vs. $1.87 |
|
| Graham (AMEX: GHM) |
Q2 |
$0.25 vs. $0.16 |
|
| Merck & Co. (NYSE: MRK) |
Q3 |
$0.91 vs. $0.85 |
|
| Newmont Mining (NYSE: NEM) |
Q3 |
$1.24 vs. $1.08 |
|
| Whirlpool (NYSE: WHR) |
Q3 |
$2.75 vs. $2.22 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| TransAlta (TSX: T.TA) |
Q3 |
$0.23 vs. $0.17 |
|
Today In The Markets
TSX jumps 279 points, commodities surge following deal on European debt crisis
|
| DJIA |
12,208.55 |
+339.51 |
 |
|
| NASDAQ |
2,738.63 |
+87.96 |
|
|
| S&P500 |
1,284.59 |
+42.59 |
|
|
| S&P/TSX |
12,465.44 |
+279.38 |
|
|
| S&P/TSX Venture |
1,614.80 |
+44.00 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market surged Thursday as an agreement to deal with the eurozone's debt crisis pushed commodities higher and the resource sector produced some strong corporate earnings.
The S&P/TSX composite index jumped 279.38 points or 2.29 per cent to 12,465.44 with all sectors positive. The TSX Venture Exchange gained 44 points or 2.8 per cent to 1,614.8.
A sharp rise in financial stocks helped take U.S. indexes sharply higher with the Dow industrials jumping 339.44 points to 12,208.48.
The Nasdaq gained 87.96 points to 2,738.63 while the S&P 500 index jumped 42.59 points to 1,284.59.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
AMD (NYSE: AMD, Stock Forum)
AMD announced revenue for the third quarter of 2011 of $1.69 billion, compared to revenue of $1.62 billion a year earlier. Third quarter net income rose to $97 million, or $0.13 per share, compared to a year earlier loss of $118 million or 17 cents in the third quarter of 2010. “Strong adoption of AMD APUs drove a 35 percent sequential revenue increase in our mobile business,” said Rory Read, AMD president and CEO.
Avrupa Minerals Ltd. (TSX: V.AVU, Stock Forum)
Avrupa Minerals Ltd. is pleased to announce that that the company has made three new license applications in Portugal, which have now been forwarded to the Portuguese government for signature. This is the final step in acquisition of a mineral property in Portugal. The company has been informed that the Aljesur license will be signed on November 2nd. The other two license contract agreements are on track to be finalized before the end of the year. The Alvito application covers 988 square kilometers in southern Portugal. The Arga property covers 28.4 square kilometers in northwestern Portugal.