Today on Stockhouse
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Peter Kennedy reports from the Cambridge House World Resource Investment Conference, in which speculators were told to be cautious ahead of the Greek vote.
Top Bullboards post: skyclimber offers up some third-party commentary on Crew Energy (TSX: T.CR, Stock Forum).
Top Bullboard: Poynt Corporation (TSX: V.PYN, Stock Forum) received the third-most reads and posts on a day its share price slid more than 16%.
Top blog:CalDude provides two junior resource stock picks in the Weekly Recap and Looking Forward blog.
For news about small stocks that made big moves Tuesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"We had a pretty good recovery going on here," said Jim Millstein, CEO of the advisory firm Millstein & Co., in an interview with Associated Press. But "if Europe sneezes, we're going to get a cold. This is the downside of globalization."
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Analogic Corporation (NASDAQ: ALOG) |
Q3 |
$0.62 vs. $0.35 |
|
| Greif, Inc. (NYSE: GEF) |
Q2 |
$0.74 vs. $1.04 |
|
| Men's Wearhouse (NYSE: MW) |
Q1 |
$0.55 vs. $0.53 |
|
| Pall Corp. (NYSE: PLL) |
Q3 |
$0.80 vs. $0.72 |
|
| Spartech (NYSE: SEH) |
Q2 |
$0.12 vs. $0.10 |
|
| Vail Resorts (NYSE: MTN) |
Q3 |
$2.19 vs. $2.08 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Enghouse Systems (TSX: T.ESL) |
Q2 |
$0.18 vs. $0.13 |
|
| Harry Winston Diamond ( TSX: T.HW) |
Q1 |
$0.20 vs. $0.04 |
|
| Major Drilling Group International (TSX: T.MDI) |
Q4 |
$0.40 vs. $0.13 |
|
|
Today In The Markets
TSX surges 172 points in broad-based rally; Bank of Canada keeps rates unchanged
|
| DJIA |
12,127.95 |
+26.49 |
 |
|
| NASDAQ |
2,778.11 |
+18.10 |
|
|
| S&P500 |
1,285.50 |
+7.32 |
|
|
| S&P/TSX |
11,507.71 |
+171.94 |
|
|
| S&P/TSX Venture |
1,285.57 |
+7.02 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - The Toronto stock market registered a solid advance Tuesday as resource stocks led a rebound across all sectors after a string of losses amid global economic uncertainty.
The S&P/TSX composite index jumped 171.94 points to 11,507.71 while the TSX Venture Exchange gained 7.02 points to 1,285.57.
New York's Dow Jones industrial average was up 26.49 points to 12,127.95. The Nasdaq composite index added 18.1 points to 2,778.11 and the S&P 500 index climbed 7.32 points to 1,285.5 as the Institute for Supply Management's non-manufacturing index came in at 53.7, up from 53.5 in April.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
C&C Energia (TSX: T.CZE, Stock Forum)
After Tuesday’s close, the oil producer/explorer provided an operations update on its current activities in Colombia. Saimiri-1 was placed into production on June 2, 2012, at a rate of approximately 300 bopd of 24° API oil. In addition, the Gacheta Formation was perforated over the interval 14,482 feet to 14,490 feet and tested over a 27 hour period 700 bopd with a 0.1% water cut and an oil gravity of 26° API.
|