North American stocks fell Friday as slowing second-quarter economic growth in the U.S. weighed on the minds of investors
Today on Stockhouse
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Ticker Trax’s Thom Calandra profiles some promising Colombian junior gold plays.
This as Dr. Steve Sjuggerud of DailyWealth offers up a simple gold strategy.
Top Bullboards post: “I would hold to GBB and this is why GBB in my view is much better:
1)Board:
http://vantex.sts01.com/index.php?option=
com_content&view=category&layout=blog&
id=11&Itemid=2&lang=en
I can only see one prof. geologist, and I can`t see a great track record. The comp is lead by non-prof.
Big difference: Basa as CEO is a very exp. Geologist, worked for Majors before
2) Smaller land package and it appear that these good results only cover a rel. small area. + much lower grade.
3) Infrastructure seems to be much more difficult there, often low CAPEX is key
4) They`re around quite a time now and it must have a reason that SP is so low. And my guess is that no professional investor is interested. I still own a very little number of Vantex @0.11 but I would never sell GBB to buy more.” From Teatimenow on the Gold Bullion Development (TSX: V.GBB, Stock Forum) board
Top Bullboard: Gold Bullion Development (TSX: V.GBB, Stock Forum) received the most posts and reads.
Top blog: Alexis08 points to an article that shows that gold could be on the cusp of a parabolic move up in the Metals & Money blog.
For news about small stocks that made big moves in Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Earnings have definitely been a leading reason as to why the market has responded so favorably," said Tom Stringfellow, president and chief investment officer at Frost Investment Advisors, in an interview with MarketWatch. "Everything that's just transpired with corporate earnings that have climbed as high as they have" has helped making the chance of a double-dip seem increasingly less likely.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Affymax (NASDAQ: AFFY) |
Q2 |
$0.25 vs. $ - 0.17 |
|
| Canadian Solar (NASDAQ: CSIQ) |
Q2 |
$0.07 vs. $ - 0.13 |
|
| Electro Rent (NASDAQ: ELRC) |
Q4 |
$0.15 vs. $0.08 |
|
| Herbalife (NYSE: HLF) |
Q2 |
$0.93 vs. $0.78 |
|
| Loews Corporation (NYSE: L) |
Q2 |
$0.82 vs. $0.78 |
|
| Titanium Metals (NYSE: TIE) |
Q2 |
$0.10 vs. $0.05 |
|
| Vulcan Materials Company (NYSE: VMC) |
Q2 |
$0.24 vs. $0.14 |
|
Today In The Markets
TSX ends in negative territory on economic data, despite fight for gains
|
| DJIA |
10,465.94 |
-1.22 |
 |
|
| NASDAQ |
2,254.70 |
+3.01 |
 |
|
| S&P500 |
1,101.60 |
+0.07 |
|
|
| S&P/TSX |
11,713.43 |
-15.21 |
|
|
| S&P/TSX Venture |
1,427.36 |
+5.08 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market fought a losing battle to emerge from the red on Friday as investors weighed underwhelming readings for both Canadian and U.S. economies.
The S&P/TSX composite index closed the day 15.21 points lower to 11,713.43, with the main index ending relatively flat for the week, but 3.7 per cent higher for the month.
However, the TSX Venture Exchange rose 5.07 points to 1427.36.
On Wall Street, markets also endured a choppy session that swayed in and out positive territory before closing relatively flat.
The Dow Jones industrial average backed off 1.22 points to 10,465.94 while the Nasdaq composite index was up 3.01 points at 2,254.70. The S&P 500 index was up 0.07 of a point at 1,101.60.
Canadian stock markets will be closed on Monday.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
MethylGene Inc. (TSX: T.MYG, Stock Forum)
MethylGene Inc. released its financial results for the second quarter ended June 30, 2010. Total revenues for the second quarter were $512,000 compared to $388,000 for the same period last year. The company posted a net loss in the quarter of $3.4 million or 9 cents, compared to a loss of $105 million or 19 cents in the year earlier period.
