Today on Stockhouse
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Peter Kennedy reports on why the ‘guns are set to blaze’ at the Kiyuk Lake gold property in his Stockhouse Movers & Shakers column.
Top Bullboards post: “Although SGH has a couple properties worth looking into I think the market is getting a little leery about all of the graphite properties they have optioned. Spreading themselves too thin and maybe trying to make it look like getting more properties is better, which isn't really the case! Quality over quantity when it comes to the number of properties, imo. You look at SRK and Simon Lake, there could easily be over 100 million tonnes, if not a lot more than that(we will know soon enough) A lot is riding on this #3 hole, if it confirms large amounts of graphite then you can bet your bottom dollar that the whole 25km is graphite. I want to see thick intervals of high grade graphite out of #3, then kiss the $1 mark good bye!” From LANNY9 on the Strike Graphite (TSX: V.SRK, Stock Forum) board.
Top Bullboard: CGX Energy (TSX: V.OYL, Stock Forum) received the second-most reads on a day its share price rose more than 5%.
Top blog:STOCKHITLIST presents an article on how global miners are finding new ways to create value in the STOCK HIT LIST 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
"Europe's problems are by no means being solved. But the feeling that there is some support there probably helps sentiment a little bit," said Ed Hyland, a global investment specialist with J.P. Morgan Private Bank, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Chimera Investment (NYSE: CIM) |
Q4 |
$0.10 vs. $0.14 |
|
| China Shengda Packaging Group (NASDAQ: CPGI) |
Q1 |
$0.05 vs. $0.09 |
|
| Dillard's (NYSE: DDS) |
Q1 |
$1.67 vs. $1.31 |
|
| Doral Financial (NYSE: DRL) |
Q1 |
$0.79 vs. $0.01 |
|
| Gordmans Stores (NASDAQ: GMAN) |
Q1 |
$0.41 vs. $0.38 |
|
| NVIDIA Corporation (NASDAQ: NVDA) |
Q1 |
$0.10 vs. $0.22 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| B2gold (TSX: T.BTO) |
Q1 |
$0.06 vs. $0.05 |
|
| IAMGOLD Corp. ( TSX: T.IMG) |
Q1 |
$0.28 vs. $0.36 |
|
| Katanga Mining (TSX: T.KAT) |
Q1 |
$0.01 vs. $0.02 |
|
|
Today In The Markets
TSX up after string of losses caused by Greek turmoil, weak economic outlooks
|
| DJIA |
12,855.04 |
+19.98 |
 |
|
| NASDAQ |
2,933.64 |
-1.07 |
 |
|
| S&P500 |
1,357.99 |
+3.41 |
|
|
| S&P/TSX |
11,736.17 |
+61.16 |
|
|
| S&P/TSX Venture |
1,355.31 |
+9.62 |
 |
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market broke a six-session losing run Thursday as traders used a selloff resulting from Sunday's inconclusive Greek elections as an opportunity to pick up some beaten-down equities.
The S&P/TSX composite index ran ahead 61.16 points at 11,736.17 while the TSX Venture Exchange gained 9.62 points to 1,355.31.
New York's Dow Jones industrials rose 19.98 points at 12,855.04. The Nasdaq composite index slipped 1.07 points to 2,933.64, weighed down by a negative outlook from Cisco Systems.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
JPMorgan Chase (NYSE: JPM, 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.
Osisko Mining (TSX: T.OSK, Stock Forum)
The gold miner, after Thursday’s closing bell, reported first-quarter net income of $29.4 million, or eight cents a share, compared with a year-earlier loss of $5.3 million, or a penny a share. Earlier on Thursday the company said a fire that broke out at its Canadian Malartic gold mine in Quebec on Wednesday night, shutting down milling operations for about two to three weeks.
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