Today on Stockhouse
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Peter Kennedy reports on how some stocks are tanking on country risk in his Stockhouse Movers & Shakers column.
Top Bullboards post: “Cow Mountain will not truck to QR. It will utilize the Goldstream Mill which will be refurbished and moved to the base of Cow Mountain. The refurbishment of the Goldstream Mill will be done out of Bonanza Ledge cash flow once it is producing. Bonanza Ledge ore will be high graded in the first 2 years and trucked to the QR mill. This is what the company has told me.” From RedHorizon on the Barkerville Gold Mines (TSX: V.BGM, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:MRSPEC describes why resource speculators should take a look at these B.C. area plays in the Day trade or buy and hold blog.
For news about small stocks that made big moves Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“ ‘Let’s throw more money at it’ is essentially their (European leaders) plan, and, ‘Hopefully we’ll be in a better position to pay it back at some date in the future.’ It’s making people feel like they got something, but it doesn’t really address the problem,” said Robert Pavlik, chief market strategist at Banyan Partners, in an interview with MarketWatch. “It’s a minor good thing, the amount of money they’ll be paying to borrow is reduced, and the potential for default is reduced, but it just addresses the near short-term issue.”
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Acuity Brands (NYSE: AYI) |
Q3 |
$0.78 vs. $0.62 |
|
| Allergan (NYSE: AGN) |
Q2 |
$1.06 vs. $0.96 |
|
|
Today In The Markets
TSX closes higher Friday as commodities rise, traders cheered by eurozone deal
|
| DJIA |
12,880.09 |
+277.83 |
 |
|
| NASDAQ |
2,935.05 |
+85.56 |
|
|
| S&P500 |
1,362.16 |
+33.12 |
|
|
| S&P/TSX |
11,596.56 |
+171.86 |
|
|
| S&P/TSX Venture |
1,190.99 |
+26.57 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - The TSX closed with a triple-digit gain Friday, rising along with global markets as investor sentiment improved after a surprising move by European leaders to take aggressive steps toward solving their debt crisis.
The S&P/TSX composite index moved ahead 171.86 points to 11,596.56, with all sectors in positive territory save for the information technology index, which was hit by a 20 per cent drop in Research In Motion (TSX:RIM).
The TSX Venture Exchange added 27.53 points to 1,190.99. The TSX was up 0.62 per cent for the week, which also closed out the second quarter of 2012.
Wall Street was also buoyed by the news. The Dow Jones added 277.83 points to 12,880.09 and the S&P 500 was up 33.12 points at 1,362.16, while the Nasdaq gained 85.56 points to 2,935.05.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Northern Graphite (TSX: V.NGC, Stock Forum)
After Friday’s close, the graphite junior said it expects to issue a press release announcing the results of the bankable feasibility study for its 100% owned Bissett Creek graphite deposit during the week of July 9, 2012.
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