Today on Stockhouse
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Matt Badiali of Growth Stock Wire believes this could be the start of a new uranium bull market.
Top Bullboards post: “There is going to be a lot of uncertainty as we move towards August 1st because realistically everyone knows Baja has minimal cash so people interested in getting a piece of the company are encouraged to wait as long as possible until Baja is against the wall and take the offer they get. Of course, this also benefits MK as people have stated because the lower the price goes the more positive it will look if they finance the project and save the company, no matter how dilutive it becomes. The only real saving grace is that there are more than 1 interested party and a deadline for proposals, like a real estate auction. Hopefully MK has set a deadline and all offers need to be on the table by that time, otherwise these parties will take advantage of the cash problems we face and delay us to the last minute. The other incentive is that no one wants the operations put on hold because that will just create a drain for everyone.” From sellpubs on the Baja Mining (TSX: T.BAJ, Stock Forum) board.
Top Bullboard: Barkerville Gold Mines (TSX: V.BGM, Stock Forum) received the second-most reads and posts on a day its stock popped more 23%.
Top blog:coffintrader presents an article suggesting gold price manipulation may be the next big scandal to break in the WallStreet Investing 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
"The market was very oversold, so with China looking better than we previously thought, and JPMorgan looking like it has healed itself, things appear contained for the moment," said John Manley, chief equity strategist at Wells Fargo Funds Management, in an interview with Reuters. "We're putting in a bottom, not a top."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Brown & Brown (NYSE: BRO) |
Q2 |
$0.31 vs. $0.26 |
|
| Citigroup, Inc. (NYSE:C) |
Q2 |
$0.89 vs. $1.09 |
|
| Equity LifeStyle Properties (NYSE: ELS) |
Q2 |
$1.02 vs. $0.73 |
|
| Packaging of America (NYSE: PKG) |
Q2 |
$0.45 vs. $0.39 |
|
| Robert Half International (NYSE: RHI) |
Q2 |
$0.36 vs. $0.25 |
|
| Schiff Nutrition International (NYSE: SHF) |
Q4 |
$0.12 vs. $0.13 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Cline Mining (TSX: T.CMK) |
Q2 |
$ - 0.02 vs. $ - 0.04 |
|
|
Today In The Markets
Stocks rise on Chinese stimulus hopes; JPMorgan Chase beats expectations
|
| DJIA |
12,777.09 |
+203.82 |
 |
|
| NASDAQ |
2,908.47 |
+42.28 |
|
|
| S&P500 |
1,356.78 |
+22.02 |
|
|
| S&P/TSX |
11,514.53 |
+89.06 |
|
|
| S&P/TSX Venture |
1,186.96 |
+17.77 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - The Toronto stock market racked up a solid gain Friday amid hopes that China's slowing growth will persuade officials to take further steps to energize the world's second-biggest economy.
And results from banking giant JPMorgan Chase raised hopes for the second-quarter earnings reporting season.
The S&P/TSX composite index gained 89.05 points to 11,514.53 while the TSX Venture Exchange edged up 17.76 points to 1,186.96.
The Dow Jones industrials jumped 203.82 points to 12,777.09. The Nasdaq composite index gained 42.28 points to 2,908.47 and the S&P 500 index was ahead 22.01 points to 1,356.77.
Please click here for the complete U.S. and Canadian market summaries.
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