Today on Stockhouse
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TickerTrax’s Danny Deadlock updates his junior gold valuations table for July.
Top Bullboards post: “This is still a great resource with great potential. I added at 0.63 before, and at 0.43 today. From what I've heard this committee doesn't stand much of a chance of getting the license revoked. The company has local and government support for the project. The news of the board's review is actually old news, the only thing new is that the company is now pursuing legal action and they have done the right thing by taking action and disclosing it promptly, but the share price is now getting punished for it. Naturally there is some uncertainty and weak hands have bailed. It will probably take another 6 months to get this resolved but the resource is there, and I believe that the next few months are a great opportunity to accumulate.” From EReal on the Stans Energy (TSX: V.HRE, Stock Forum) board.
Top Bullboard: GoldQuest Mining (TSX: V.GQC, Stock Forum) received the second-most reads and posts on a day its stock soared more than 41%.
Top blog:littleguy123 writes about the implication of currency dilution in the Outside the Market 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
"I don't think American investors are sold on Europeans doing what they need to do to get the job done. People believe the Europeans have a harder time getting a consensus to solve whatever problems they have," said Peter Costa, president of Empire Executions Inc., in an interview with Reuters.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| AM Castle & Co. (NYSE: CAS) |
Q2 |
$0.29 vs. $0.19 |
|
| Coach (NYSE: COH) |
Q4 |
$0.85 vs. $0.68 |
|
| Oil States International (NYSE: OIS) |
Q2 |
$1.87 vs. $1.34 |
|
| Team (NYSE: TISI) |
Q4 |
$0.67 vs. $0.53 |
|
| Valero Energy (NYSE: VLO) |
Q2 |
$1.43 vs. $1.30 |
|
| Web.com Group (NASDAQ: WWWW) |
Q2 |
$0.36 vs. $0.26 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Fortis (TSX: T.FTS) |
Q2 |
$0.33 vs. $0.33 |
|
| Saputo ( TSX: T.SAP) |
Q1 |
$0.65 vs. $0.61 |
|
| TransAlta (TSX: T.TA) |
Q2 |
$0.12 vs. $0.29 |
|
|
Today In The Markets
TSX rises amid solid bank earnings, tech sector deal, jobs data disappointment
|
| DJIA |
13,073.01
|
-2.65 |
 |
|
| NASDAQ |
2,945.84 |
-12.25 |
|
|
| S&P500 |
1,385.30 |
-0.67 |
|
|
| S&P/TSX |
11,757.88 |
-8.48 |
|
|
| S&P/TSX Venture |
1,184.36 |
-6.28 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - The Toronto stock market rode through a calm session on Monday that ended relatively flat, with commodities mixed and concerns about the European economy grabbing most of the attention.
The S&P/TSX composite index closed down 8.48 points to 11,757.88 in low-volume trading of about 124 million shares. The TSX Venture Exchange fell 6.28 points to 1,184.36.
On Wall Street, the Dow Jones industrials fell 2.65 points to 13,073.71. The Nasdaq composite index was down 12.25 points to 2,945.84 and the S&P 500 index slid 0.67 of a point to 1,385.30.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Paramount Gold and Silver (TSX: T.PZG, Stock Forum)
After Monday's close, the precious metals junior reported results of a Preliminary Economic Assessment (PEA) for its 100%-owned Sleeper Gold and Silver project in Nevada. Highlights included estimates of a 17-year operation with average annual gold production of 172,000 ounces; estimated Pre-Tax NPV of US$695 Million at a 5% discount rate; and an IRR of 26.8% at a $1,384 gold price.
|