Today on Stockhouse
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Peter Kennedy reports on how Legend touts keep greasing the stock in his Stockhouse Short Report.
Top Bullboards post: “These are the best poly metallic assays I have ever seen, and are sustained over a very wide interval, indicative of a major high grade discovery that is relatively close to the surface. This is a substantial near surface, high-grade mineralization at the largely untested Oban Breccia Zone, which is located in the heart of a 6 km mineralized corridor. Hole 60 significantly increases the potential of the property. This high-grade zone remains open at depth and on the eastern strike extensions and indicates that the Thorn discovery has the real potential to host a high unit value poly metallic mineral deposit that is at shallow depths and amenable to cheap open pit mining. Previous drilling has encountered extended intercepts of gold and silver and now they have appeared to have zeroed in on the main mother lode.” From TheRock07 on the Brixton Metals (TSX: V.BBB, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:Ducimus writes that Dennis Gartman has admitted he made the wrong call on gold and the blogger provides his own technical analysis on the precious metal in the Ducimus Plinius 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 realization that troubles in Europe are escalating has weighed heavily on markets today," said Camilla Sutton, chief currency strategist at Scotia Capital, in an interview with CNNMoney.
Selected expected U.S. earnings releases for Friday |
(Consensus Estimates vs. Last Year) |
|
AZZ Incorporated (NYSE: AZZ) |
Q3 |
$0.79 vs. $0.77 |
|
Commercial Metals (NYSE: CMC) |
Q1 |
$0.16 vs. $0.01 |
|
Greenbrier Companies (NYSE: GBX) |
Q1 |
$0.35 vs. $ - 0.16 |
|
IHS Inc. (NYSE: IHS) |
Q4 |
$0.93 vs. $0.81 |
|
PriceSmart (NASDAQ: PSMT) |
Q1 |
$0.58 vs. $0.50 |
|
Robbins & Myers (NYSE: RBN) |
Q1 |
$0.68 vs. $0.44 |
|
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Today In The Markets
Toronto stock market little changed amid fresh round of eurozone banking worries
|
DJIA |
12,415.70 |
-2.72 |
|
|
NASDAQ |
2,669.86 |
+21.50 |
|
|
S&P500 |
1,281.06 |
+3.76 |
|
|
S&P/TSX |
12,237.40 |
+10.93 |
|
|
S&P/TSX Venture |
1,517.46 |
+1.57 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed little changed Thursday as traders balanced worries about Europe's banks with a hopeful indicator of stronger job growth in the United States.
The S&P/TSX composite index was well off session lows, closing up 10.93 points at 12,237.4, while the TSX Venture Exchange advanced 1.57 points to 1,517.46.
The Dow Jones industrial average came back from a triple digit loss to slip 2.72 points at 12,415.7, while the Nasdaq rose 21.5 points to 2,669.86. The S&P 500 index edged 3.76 points higher to 1,281.06.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Advent Software, Inc. (NASDAQ: ADVS, Stock Forum)
Advent Software, Inc., a leading provider of software and services for the global investment management industry, announced that its board of directors has appointed Advent's President Peter Hess to the position of Chief Executive Officer and President, effective June 30, 2012. He will succeed Stephanie DiMarco, Advent's founder and CEO, who is stepping down as CEO at the end of June 2012 but will continue to serve as a Director on Advent's Board and will be transitioning to an advisory role for the company's senior management.
Bellair Ventures Inc. (TSX: V.BVI.H, Stock Forum)
Bellair Ventures Inc., a capital pool company, announced today that it has failed to close its previously announced qualifying transaction pursuant to an agreement dated February 1, 2011 among Bellair, R. DiBattista Investments Inc. and KNR Management Inc. and has entered into an arm's length binding agreement with Alter NRG Corp. to acquire all of the issued and outstanding shares of CleanEnergy Developments Corp., a corporation incorporated pursuant to the laws of the Province of Ontario. If completed, the proposed acquisition will constitute Bellair's qualifying transaction pursuant to the policies of the TSX Venture Exchange.
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