Close

Welcome back to Stockhouse
Member Sign In

Email or Username:
Password:
Close

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Stockhouse @ the Bell: Stocks down on bank warning

Stockhouse Editorial
0 Comments| November 16, 2011


Today on Stockhouse

Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.

Peter Kennedy reports on why a B.C. regulator has fined ex-chairman of TSX-listed China firm in his Stockhouse Short Report.

Top Bullboards post: “The grade may be 5.5 g/t but doesn't mean that's the grade they are going to push through the mill. Timmins West grade was 7.8g/t and last quarter the grade was less than half of that (3.49?). Also some concern about the 1.5g/t cut off grade. At first glance, anything outside of the sweet zone is questionable. Need some time to go over the numbers. Don't get me wrong, I want this to succeed as much as anyone else.” From Vanchester on the Lake Shore Gold (TSX: T.LSGStock Forum) board.

Top Bullboard: Intertainment Media (TSX: V.INTStock Forum) received the most reads and posts.

\Top blog: goaldbugg believes this gold junior has “staggering” upside in the this company expected to gain 1000% blog.

For news about small stocks that made big moves Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"People are puking European government bonds regardless of what country is listed on the bonds," said Uri Landesman, president of the hedge fund Platinum Partners, in an interview with CNNMoney. "If Europe is going to hell in a handbasket, it doesn't matter what happens in the U.S."

Selected expected U.S. earnings releases for Thursday
(Consensus Estimates vs. Last Year)
Aruba Networks (NASDAQ: ARUN) Q3 $0.14 vs. $0.12
Dollar Tree (NASDAQ: DLTR) Q3 $0.83 vs. $0.73
Gap Inc. (NYSE: GPS) Q3 $0.36 vs. $0.48
Perry Ellis International (NASDAQ: PERY) Q3 $0.61 vs. $0.51
Ross Stores (NASDAQ: ROST) Q3 $1.26 vs. $1.02
Williams-Sonoma (NYSE: WSM) Q3 $0.38 vs. $0.35


Selected expected Canadian earnings releases for Thursday
(Consensus Estimates vs. Last Year)
Absolute Software (TSX: T.ABT) Q1 $ - 0.01 vs. $ - 0.03

Today In The Markets

European debt woes push TSX lower, oil crosses US$100 mark to five-month high

DJIA 11,905.59 -190.57 nasdaq
NASDAQ 2,639.61 -46.59 nasdaq
S&P500 1,236.91 -20.90 s&p500
S&P/TSX 12,174.36 -54.91 TSX
S&P/TSX Venture 1,633.22 -14.27 TSX Venture

TORONTO, NEW YORK (CP) - The Toronto stock market closed lower as concerns lingered about Europe's debt crisis, but the TSX found support from energy stocks as oil surged past the US$100 mark to its highest level in more than five months.

The S&P/TSX composite index lost 54.91 points to 12,174.36 while the TSX Venture Exchange slipped 14.27 points to 1,633.22.

Losses on U.S. markets picked up after ratings agency Fitch warned that the eurozone debt crisis poses a threat to U.S. bank ratings and investors also considered how the recent, rapid rise in oil prices could affect the economic revival. Oil has surged 10 per cent so far this month.

The Dow Jones industrial index fell 190.57 points to 11,905.59. The Nasdaq composite index lost 46.59 points to 2,639.61 and the S&P 500 index was down 20.9 points to 1,236.91.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

Transocean Ltd. (NYSE: RIG, Stock Forum)
Transocean Ltd. today announced that holders of the 1.50% Series B Convertible Senior Notes due 2037 of Transocean Inc., its wholly-owned subsidiary, have the option to require Transocean Inc. to repurchase on December 15, 2011 all or any part of such holder's notes. The repurchase price will be $1,000 in cash plus any unpaid interest accrued up to but excluding the repurchase date, per $1,000 principal amount. The interest will be paid on the regular interest payment date to the holder of record as of the record date. If all outstanding notes are surrendered for repurchase, the aggregate repurchase price will be approximately $1.7 billion, excluding any required payment of interest on the regular interest payment date. Transocean intends to fund the repurchase price by using available cash.

Barrick Gold Corp. (TSX: T.ABX, Stock Forum)
Barrick Gold Corp.announced changes to the leadership of its senior management teams in two regional business units, with Gary Halverson, currently regional President for the Australia Pacific region, appointed President of the North America Business Unit and Mike Feehan, currently Senior Vice President Operations Support, assuming the role of Regional President in Australia Pacific. Halverson succeeds Greg Lang, President of Barrick's North America Business Unit since 2003, who will become President and CEO of NovaGold Resources Inc. (TSX: T.NG, Stock Forum).


Tags: GOLD OIL & GAS DRILLING MARKETING SERVICES

Rate this article
0 stars
v
Usefulness

Clarity

Credibility

Comments

No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.