Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Peter Kennedy writes about how there’s no escape for RIM from the media's glare in his Stockhouse Short Report.
This as TickerTrax’s Danny Deadlock profiles a micro cap that is a market leader trading at fire-sale prices.
Top Bullboards post: “I used to work in the plant and yes this thing still has potential for diamonds. We had some operating issues with recuirc load but the smaller crush they did on the recovery rejects sample looks to be the answer. Lots more study to do yet but liberating seems to be an issue and working in the plant from start to finish tells me that it's so. Could be lots of trapped diamonds in the PK rejects then again maybe not but I'm in because I believe we did have a liberating issue and time will tell as they ramp up production if I'm right.” From drilltip1 on the Shear Diamonds (TSX: V.SRM, Stock Forum) board.
Top Bullboard: Poynt Corporation (TSX: V.PYN, Stock Forum) collected the second-most posts and the third-most reads on a day its stock price moved up 13%.
Top blog: littleguy123 discusses what he calls the battle of the Euro bond in the Outside the Market blog.
Word on Wall Street
"Trading remains cautious (since) the poor auction of German bonds mid-week raised concerns the debt crisis is spreading to Europe's core," said WhatsTrading.com options strategist Frederick Ruffy, in an interview with Reuters.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| China Cord Blood (NYSE: CO) |
Q2 |
$0.06 vs. $0.05 |
|
| Copart (NASDAQ: CPRT) |
Q1 |
$0.58 vs. $0.45 |
|
| Hillenbrand (NYSE: HI) |
Q4 |
$0.37 vs. $0.40 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Catch the Wind (TSX: V.CTW) |
Q3 |
$ - 0.04 vs. $ - 0.07 |
|
| Cortex Business Solutions ( TSX: V.CBX) |
Q4 |
$ - 0.01 vs. $ - 0.03 |
|
|
Today In The Markets
Toronto stock market adds to string of losses, Italy's borrowing rates spike
|
| DJIA |
11,231.78 |
-25.77 |
 |
|
| NASDAQ |
2,441.51 |
-18.57 |
|
|
| S&P500 |
1,158.67 |
-3.12 |
|
|
| S&P/TSX |
11,462.06 |
-23.26 |
|
|
| S&P/TSX Venture |
1,505.14 |
-7.96 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market closed lower at the end of a losing week as more signs emerged that the European government debt crisis is worsening.
The S&P/TSX composite index lost 23.26 points to 11,462.06 while the TSX Venture Exchange edged 7.96 points lower to 1,505.14. Worries about Europe carved 430 points or 3.61 per cent from the main Toronto index this past week.
New York markets closed lower with the Dow Jones industrial index down 25.77 points to 11,231.78, adding up to a loss of 564 points or 4.78 per cent this past week.
The Nasdaq composite index shed 18.57 points to 2,441.51 while the S&P 500 index declined 3.12 points to 1,158.67.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Cytokinetics Inc. (NASDAQ: CYTK, Stock Forum)
Cytokinetics Inc. announced today that it has filed a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC). The shelf registration statement, if declared effective by the SEC, will allow the Company to raise up to $100 million through the sale of new securities, which may consist of common stock, preferred stock and warrants. Once this shelf registration statement becomes effective, the company may issue registered securities, from time to time, in one or more separate offerings or other transactions, with the size, price and terms to be determined at the time of issuance.
Intertainment Media Inc. (TSX: V.INT, Stock Forum)
Intertainment Media Inc. announced that the company has engaged counsel to begin the process of identifying and taking legal action against individuals or groups who have posted defamatory remarks respecting the Company and its employees on internet bulletin board sites. The Company routinely engages in communications that are forthright and open to discussion by all parties. It regularly provides market updates and non-confidential information to educate and inform the public at large about its activities and endeavors.
|