Today on Stockhouse
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Peter Kennedy interviews Hecla’s CFO, who says his company’s latest hostile bid is full and fair in his StockhouseMovers & Shakers column.
Top Bullboards post: “Gold range: 28,000-33,000 – Narrow range for the year than before. Future gold range 55,000 does not include the Luna expansion and no Silvercrest underground mine (which they are already exploring). Up listing to the NYSE will hopefully will be done by end of Q3.” From stocktrader1407 on the Sandstorm Gold (TSX: V.SSL, Stock Forum) board.
Top Bullboard: Copper Fox Metals (TSX: V.CUU, Stock Forum) received the second-most reads.
Top blog:littleguy123 writes about what he calls the intensification of central bank gold grab in the Outside the Market 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
"Talk is cheap," said Michael Strauss, chief investment strategist and chief economist at the Commonfund investment firm, in an interview with Associated Press. "While there's some euphoria over this, at the end of the day, is Spain going to still be in a recession? Yes. Is Greece still going to be in a recession? Yes. So I wouldn't get too carried away."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Aqua America (NYSE: WTR) |
Q2 |
$0.28 vs. $0.27 |
|
| Extra Space Storage (NYSE: EXR) |
Q2 |
$0.35 vs. $0.29 |
|
| Flowserve (NYSE: FLS) |
Q2 |
$1.91 vs. $1.76 |
|
| Herbalife (NYSE: HLF) |
Q2 |
$0.96 vs. $0.88 |
|
| Loews Corporation (NYSE: L) |
Q2 |
$0.73 vs. $0.59 |
|
| Superior Energy Services (NYSE: SPN) |
Q2 |
$0.82 vs. $0.53 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Inmet Mining (TSX: T.IMN) |
Q2 |
$1.05 vs. $0.86 |
|
|
Today In The Markets
TSX advances amid ECB vow to protect euro currency, slowing U.S. economy
|
| DJIA |
13,075.66 |
+187.73 |
 |
|
| NASDAQ |
2,958.09 |
+64.84 |
|
|
| S&P500 |
1,385.97 |
+25.95 |
|
|
| S&P/TSX |
11,766.36 |
+126.61 |
|
|
| S&P/TSX Venture |
1,190.64 |
+9.22 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - Stock markets surged Friday on further indications that a long-awaited fix to the eurozone debt crisis could be at hand.
The S&P/TSX composite index gained 126.61 points to 11,766.36 and the TSX Venture Exchange climbed 9.22 points to 1,190.64 after German Chancellor Angela Merkel and French President Francois Hollande released a joint statement saying they will do anything they can to stop the 17 countries that use the euro from breaking up. They didn’t offer details.
The Dow Jones industrials surged 187.73 points to 13,075.66. The Nasdaq composite index was ahead 64.84 points to 2,958.09 and the S&P 500 index climbed 25.95 points to 1,385.97.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Canadian Oil Sands (TSX: T.COS, Stock Forum)
After Friday’s close, the company said its second quarter cash flow from operations decreased 55% to $245 million, or 51 cents a share, from $544 million, or $1.12 per share, during the same period last year, due mainly to lower sales volumes, a lower average realized selling price and higher operating expenses.
|