From: Stockhouse @ the Bell <AtTheBell@members.stockhouse.com>
Date: Mon, Jul 20, 2009 at 4:45 PM
Subject: Stockhouse @ the Bell: U.S., Canadian stocks extend gains; commodities climb
|Stockhouse @ the Bell: U.S., Canadian stocks extend gains; commodities climb|
Monday, Jul 20, 2009
Dear Stockhouse Member,
The Dow climbed for a sixth straight session on upbeat earnings reports, while the TSX surged more than 170 points. Here's a quick rundown of the top news on Stockhouse for Monday and a look ahead to Tuesday's trading.
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Today on Stockhouse
In Stockhouse subscriber service Ticker Trax, Thom Calandra lists the next five events for peramivir developer BioCryst Pharmaceuticals (BCRX). He also names an Instant Value candidate.
If only all businesses were lucky enough to be big banks, says Sy Harding.
Supply side economics: How is gold going to fare this year? asks Doug Hornig.
In today's Got Gold Report by Gene Arensberg: NatGas in the crosshairs.
Dr. George Huang of Growth Stock Wire discusses a small-cap Canadian biotech stock worth a hard look.
Top Bullboards post: "If price of oil holds $65 today...! we could run to the previous high of $73. I think we'll stall at $75 however unless fundamentals start kicking in or hurricane season becomes accentuated. Inventory numbers this week could propel oil a lot higher if they are similar to last week's decline because sentiment is in our favor, for now!" – From techinfo on the Horizons BetaPro NYMEX Crude Oil Bull Plus ETF (TSX: T.HOU, Stock Forum) Bullboard.
For news about small stocks that made big moves in Monday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"The main reason the market has been fairly strong is we haven't had any major disappointments in earnings," Joe Keetle, senior wealth manager at Dawson Wealth Management told the Associated Press.
Today In The Markets
TSX extends rally on higher commodities, easing worries about CIT Group
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TORONTO, NEW YORK (CP) - The Toronto stock market finished sharply higher Monday, extending its winning streak to six sessions on the likelihood that a major U.S. financial institution will avoid bankruptcy while improving sentiment send commodity prices higher.
The S&P/TSX composite index jumped 171.29 points to 10,540.71, following a surge of more than six per cent last week as a string of U.S. earnings reports raised hopes for an economic recovery.
The TSX Venture Exchange climbed 22.47 points to 1,118.09.
Encouraging outlooks from Goldman Sachs Group and Bank of America also helped sent New York markets higher as the Dow Jones industrials rose 104.21 points to 8,848.15.
Please click here for the current U.S. and Canadian market summaries.
Texas Instruments (NYSE: TXN)
Canadian National Railway (TSX: T.CNR)
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