Today on Stockhouse
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Frank Holmes of U.S. Global Investors contends that the best performer this year may surprise investors.
This as Dr. Steve Sjuggerud of DailyWealth writes about a resource junior selling for less than its cash.
Top Bullboards post: “The expansion was affected and not current production unless a 5th or 6th shoe drops. Bad news overall but this is an opportunity to make some good cash. Can the price go lower? Absolutely. Where can you find a .57 gold producer which will produce 90 000 oz Au 2012? Right now people are scared and this presents value. I sold some other holdings to double down.” From stocksnbonds on the Avion Gold (TSX: T.AVR, Stock Forum) board.
Top Bullboard: Orbite Aluminae (TSX: T.ORT, Stock Forum) collected the second-most posts and the third-most reads on a day its share price rose more than 10%.
Top blog:littleguy123 describes how he believes global super-bugs herald the age of silver in the Outside the Market blog.
For news about small stocks that made big moves Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"What happens is that every time there are these problems in Europe, it gets very, very dark and then someone pulls a solution out of the hat," said Stephen Massocca, managing
director at Wedbush Morgan, in an interview with Reuters. "That is creating some complacency here. People think, 'Oh, this Greek thing is going to get worked out.'"
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Express Scripts Holding (NASDAQ: ESRX) |
Q1 |
$0.77 vs. $0.66 |
|
| Harvest Natural Resources (NYSE: HNR) |
Q1 |
$0.25 vs. $0.11 |
|
| Middleby Corp. (NASDAQ: MIDD) |
Q1 |
$1.17 vs. $0.97 |
|
| Molycorp, Inc. (NYSE: MCP) |
Q1 |
$0.13 vs. $ - 0.03 |
|
| Petroleum Development (NASDAQ: PETD) |
Q1 |
$0.25 vs. $ - 0.12 |
|
| Rick's Cabaret International (NASDAQ: RICK) |
Q2 |
$0.21 vs. $0.29 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Aurizon Mines (TSX: T.ARZ) |
Q1 |
$0.10 vs. $0.02 |
|
| First Majestic Silver ( TSX: T.FR) |
Q1 |
$0.23 vs. $0.25 |
|
| Lake Shore Gold (TSX: T.LSG) |
Q1 |
$ - 0.02 vs. $0.01 |
|
|
Today In The Markets
TSX slightly lower amid Greek political turmoil, worries of economic slowdown
|
| DJIA |
12,835.06 |
-97.03 |
 |
|
| NASDAQ |
2,934.71 |
-11.56 |
|
|
| S&P500 |
1,354.58 |
-9.14 |
|
|
| S&P/TSX |
11,675.01 |
-29.73 |
|
|
| S&P/TSX Venture |
1,345.69 |
+7.32 |
 |
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed slightly lower Wednesday with buying sentiment held well in check by political turmoil in Greece and worries about slowing economic conditions.
The resource-intensive S&P/TSX composite index, closed off the lowest levels of the day, shaking off early triple-digit losses to close down 29.73 points at 11,675.01. The showing extended losses to six straight days, which left the TSX more than two per cent below where it started 2012. The TSX Venture Exchange gained 7.32 points to 1,345.69.
New York's Dow Jones industrial average fell 97.03 points to 12,835.06. The Nasdaq composite index dropped 11.56 points to 2,934.71 and the S&P 500 index lost 9.14 points to 1,354.58.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Cisco Systems (NASDAQ: CSCO, Stock Forum)
After Wednesday’s close, the networking equipment maker said fiscal third-quarter sales were $11.6 billion, matching the Wall Street forecast. Adjusted earnings were 48 cents a share, compared with the consensus estimate of 47 cents a share. Net earnings for the most recent period were $2.2 billion, or 40 cents a share, compared with $1.8 billion, or 33 cents a share, a year ago.
Denison Mines (TSX: T.DML, Stock Forum)
The uranium miner, after Wednesday’s closing bell, reported a first-quarter net loss of $51,987,000, or 14 cents per share, compared with a net loss of $7,067,000, or two cents per share, for the same period in 2011. The results for the quarter include a charge of $44,079,000 related to an impairment of the U.S. Mining segment, which was recorded as a result of the transaction with Energy Fuels Inc.
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