Today on Stockhouse
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TickerTrax’s Danny Deadlock writes about how oil demand is high in Africa.
While Peter Kennedy reports on a mining heavyweight’s bet on lumber in his Stockhouse Movers & Shakers column.
Top Bullboards post: “Replacement Board – Oliver Lenox King took Frontier Gold (past chairman) from 6 million ounces to a sell to Newmont for $2.2 billion. Jonathan Rubenstein is also with him.” From kensin on the Roxgold (TSX: V.ROG, Stock Forum) board.
Top Bullboard: Barkerville Gold Mines(TSX: V.BGM, Stock Forum) gathered the most posts and the second-most reads.
Top blog:tradingnrg provides a gold and silver weekly outlook in the Gold and Silver prices blog.
For news about small stocks that made big moves Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"We think 2Q earnings for the S&P 500 will be OK this quarter ... we're calling for a small 2 percent beat. That said, we expect the tone of earnings season to be quite negative," said Jonathan Golub, chief strategist at UBS, in an interview with Reuters.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Helen of Troy Limited (NASDAQ: HELE) |
Q1 |
$0.86 vs. $0.78 |
|
| Penford Corporation (NASDAQ: PENX) |
Q3 |
$0.04 vs. $ - 0.13 |
|
| Shaw Group (NYSE: SHAW) |
Q3 |
$0.58 vs. $ - 0.86 |
|
| Synergy Resources (AMEX: SYRG) |
Q3 |
$0.08 vs. $ - 0.01 |
|
| Wolverine World Wide (NYSE: WWW) |
Q2 |
$0.44 vs. $0.48 |
|
| Zep, Inc. (NYSE: ZEP) |
Q3 |
$0.37 vs. $0.32 |
|
|
Today In The Markets
Worries about slowing global economy, Spain banking crisis weigh on markets
|
| DJIA |
12,736.29 |
-36.18 |
 |
|
| NASDAQ |
2,931.77 |
-5.56 |
|
|
| S&P500 |
1,352.46 |
-2.22 |
|
|
| S&P/TSX |
11,634.67 |
-24.98 |
|
|
| S&P/TSX Venture |
1,211.35 |
-15.10 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - Worries about the eurozone debt crisis and slowing global economic conditions pushed the Toronto stock market lower Monday for a third session.
The S&P/TSX composite index lost 25.28 points to 11,634.67 with losses led by resource stocks even as prices for oil and metals started to recover from steep drops at the end of last week. The TSX Venture Exchange added 0.62 of a point to 1,211.98.
The Dow Jones industrials fell 36.18 points to 12,736.29. The Nasdaq composite index was down 5.56 points to 2,931.77 and the S&P 500 index lost 2.22 points to 1,352.46.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Alcoa (NYSE: AA, Stock Forum)
After Monday’s close, the aluminum giant posted a second-quarter loss of $2 million, or less than a penny a share, compared with a year-earlier profit of $322 million, or 28 cents a share. Excluding restructuring charges and other special items, earnings from continuing operations in the latest period were six cents a share. Revenue slid 9.4% to $5.96 billion. Analysts expected a per-share profit of five cents on revenue of $5.81 billion.
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