Today on Stockhouse
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Peter Kennedy discusses whether the PDAC is getting a little too big.
This as Luke Burgess reveals his three best gold stocks for 2012.
Top Bullboards post: “I came across this play a few days ago and purchased my initial position @ .35 cents. My interest was raised when I noticed the joint venture with Newmont, given the size of Glass Earth's property it's nice to have a partner with deep pockets to help fund exploration costs. I also feel it lowers exposure to risk, by reducing the chance of further dilution to shareholders… Investing in New Zealand is something totally new for myself, (to those un-informed (like myself), apparently they export more than just Kiwi from New Zealand). But this looks like a pretty stable mining environment, so political risk seems, low. Considering the fact this company has a pretty sizeable land position of approximately 10,000 square kilometres, on both the North and South Islands there should be no shortage of news over the coming months. As far as their balance sheet goes, the company has roughly a "net cash position" of CDN $3.6 Million at the end of Q4 2011 to fund exploration projects.” From mrcashflow on Glass Earth Gold (TSX: V.GEL, Stock Forum) board.
Top Bullboard: CardioComm Solutions (TSX: V.EKG, Stock Forum) received the most reads and posts.
Top blog:fredski posted an article about shale gas potential in Canada in the Carpe Diem 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
“Stocks are rising today as investors become increasingly optimistic that the negotiated Greek bailout will be implemented as designed,” said Michael Yoshikami, chief executive officer of Destination Wealth Management, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| BioScrip (NASDAQ: BIOS) |
Q4 |
$0.09 vs. $ - 0.03 |
|
| China Automotive Systems (NASDAQ: CAAS) |
Q4 |
$0.15 vs. $0.22 |
|
| Chindex International (NASDAQ: CHDX) |
Q4 |
$0.05 vs. $0.10 |
|
| Dolan Company (NYSE: DM) |
Q4 |
$0.09 vs. $0.18 |
|
| LMI Aerospace (NASDAQ: LMIA) |
Q4 |
$0.41 vs. $0.26 |
|
| Thor Industries (NYSE: THO) |
Q2 |
$0.24 vs. $0.10 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| First Capital Realty (TSX: T.FCR) |
Q4 |
$0.13 vs. $0.07 |
|
| Neo Material Technologies (TSX: T.NEM) |
Q4 |
$0.33 vs. $0.11 |
|
| Stella-Jones ( TSX: T.SJ) |
Q4 |
$0.72 vs. $0.67 |
|
|
Today In The Markets
TSX up on hopes for Greek bond swap, Bank of Canada leaves rates unchanged
|
| DJIA |
12,907.94 |
+70.61 |
 |
|
| NASDAQ |
2,970.42 |
+34.73 |
|
|
| S&P500 |
1,365.91 |
+13.28 |
|
|
| S&P/TSX |
12,461.93 |
+111.77 |
|
|
| S&P/TSX Venture |
1,634.34 |
+12.67 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market charged ahead more than 100 points Thursday amid rising commodities and confidence that Greece has gotten enough support for a crucial bond swap.
The S&P/TSX composite index jumped 111.77 points to 12,461.93, led by mining and energy stocks, while the TSX Venture Exchange gained 12.67 points to 1,634.34.
The Dow industrials ran ahead 70.61 points to 12,907.94.
The Nasdaq was up 34.73 points to 2,970.42 and the S&P 500 index climbed 13.28 points to 1,365.91.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Zumiez Inc. (NASDAQ: ZUMZ, Stock Forum)
Zumiez Inc. a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, reported record results for the fourth quarter and fiscal year ended January 28, 2012. Total net sales for the fourth quarter ended January 28, 2012 (13 weeks) increased 17.7% to $183.9 million from $156.2 million in the quarter ended January 29, 2011 (13 weeks). Comparable store sales for the fourth quarter of fiscal 2011 increased 9.7% on top of a comparable store sales increase of 13.0% in the fourth quarter of fiscal 2010. Net income in the fourth quarter of fiscal 2011 increased 24.9% to $18.7 million, or $0.60 per diluted share from net income of $15.0 million, or $0.49 per diluted share in the fourth quarter of the prior fiscal year.
Stroud Resources Ltd. (TSX: V.SDR, Stock Forum)
Stroud Resources Ltd. announced that the Company and St. Andrew Goldfields Ltd. (TSX: T.SAS, Stock Forum) have by mutual agreement terminated the previously announced option granted by Stroud to St. Andrew to earn up to a 60% interest in its Hislop gold property located near Timmins, northern Ontario. Under the terms of the option agreement, St Andrew could have earned an interest in the Hislop property by increasing measured and indicated resources through exploration by at least approximately 50% (see Stroud press release dated April 28, 2011 for additional details). In furtherance of the option agreement, St. Andrew completed 6,894.85 metres of drilling in twelve diamond drill holes. The table below provides the assay results from the twelve holes drilled by St. Andrew.
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