Today on Stockhouse
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Peter Kennedy reports on why short sellers are hovering over this female vanity stock in his Stockhouse Short Report.
Top Bullboards post: “Some of those drill results are way better than I would have expected, and it looks like when they do the new resource calculations later this year, we could get more than the expected 300 more oz of gold. So that should bring us up to over 1 million oz. The simple facts should show that we are finding high grade gold at less than $10 an oz in the ground.” From pickeral on the Integra Gold (TSX: V.ICG, Stock Forum) board.
Top Bullboard: Canamex Resources (TSX: V.CSQ, Stock Forum) received the second-most reads and posts on a day its stock price pulled back 10% following Wednesday’s 290% surge.
Top blog:littleguy123 discusses precious metals vs. commodities in the Outside the Market 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
"It is baked into stock prices that growth is going to be slow for a little while," said Giri Cherukuri, head trader at OakBrook Investments, in an interview with Reuters. "People are focusing on individual stocks after earnings and trying to figure out (through) outlooks how weak the economy really is."
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Baker Hughes (NYSE: BHI) |
Q2 |
$0.77 vs. $0.93 |
|
| General Electric Company (NYSE: GE) |
Q2 |
$0.37 vs. $0.34 |
|
| Ingersoll-Rand Plc (NYSE: IR) |
Q2 |
$0.91 vs. $0.88 |
|
| ManpowerGroup (NYSE: MAN) |
Q2 |
$0.72 vs. $0.87 |
|
| Schlumberger (NYSE: SLB) |
Q2 |
$1 vs. $0.87 |
|
| Xerox Corp. (NYSE: XRX) |
Q2 |
$0.26 vs. $0.27 |
|
|
Today In The Markets
Higher commodities boost TSX, geopolitical worries send crude oil surging
|
| DJIA |
12,943.36 |
+34.66 |
 |
|
| NASDAQ |
2,965.90 |
+23.30 |
|
|
| S&P500 |
1,376.51 |
+3.73 |
|
|
| S&P/TSX |
11,665.70 |
+86.55 |
 |
|
| S&P/TSX Venture |
1,190.87 |
+8.53 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - Resource stocks helped give the Toronto stock market a solid lift Thursday as commodity prices picked up on hopes that central bankers are ready to help with stimulus in the future.
Oil in particular got a lift from rising tensions in the Mideast, pushing prices past the US$92 level.
The S&P/TSX composite index ran up 86.54 points to 11,665.7 while the TSX Venture Exchange added 8.54 points to 1,190.87.
The Dow Jones industrials gained 34.66 points to 12,943.36. The Nasdaq composite index was ahead 23.3 points to 2,965.9 while the S&P 500 index rose 3.73 points to 1,376.51.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Google (NASDAQ: GOOG, Stock Forum)
After Thursday’s close, the search giant reported second-quarter adjusted earnings of $10.12 a share, above the $10.04 Wall Street estimate. Net revenue - excluding the contribution of Motorola Mobility - was $8.36 billion, falling short of the $8.41 billion analyst consensus forecast.
McEwen Mining (TSX: T.MUX, Stock Forum)
The gold producer, after Thursday’s closing bell, said it has discovered additional gold from its 100% owned El Gallo Complex in Mexico, which included 1.1 g/t over 71.3 metres.
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