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Friday, November 04, 2011

TSX Stocks to Watch; Thursday’s Trading Leaders: ( TSX:LSG), (TSX:CNQ), (TSX:SU), (TSX:MFC)

November 4, 2011 - Investorideas.com, a leader in sector research for independent investors issues a trading alert for TSX trading leaders for November 03, 2011. The Standard & Poor's/TSX Composite Index soared 226.59 (1.85%) to end the day at 12,468.35.

Lake Shore Gold Corp.  (TSX:LSG) was the most active stock gainer and ended higher by 0.22 (13.75%) to C$3.96 after the company as Gold prices ended sharply higher above $1,750 an ounce. The company is scheduled to report its third quarter results on Wednesday, November 9, 2011.

Canadian Natural Resources Limited  (TSX:CNQ) was another active gainer and added 3.25 (9.29%) to C$38.23 after the company said that its profit soared to C$836 million, or 76 Canadian cents a share, from C$596 million, or 54 Canadian cents, a year ago. Earnings from operations, came at C$719 million, or 65 Canadians cents, topping analysts’ estimates by 12 cents.
Suncor Energy Inc.(TSX:SU) was another notable active stock with the stock closing higher by 1.61 (5.14%) to C$32.92 after the company said that its profit soared to C$1.29 billion ($1.28 billion), or 82 Canadian cents a share, up from C$1.22 billion, or 78 Canadian cents, a year ago. Earnings from operations, came at C$1.79 billion, or C$1.14 a share, topping analysts’ estimates by 77 cents.
Manulife Financial Corp.  (TSX:MFC) climbed 0.56 (4.46%) to C$13.11, rebounding from its recent fall with the broader market. The stock has a 52-week range of C$10.91-C$19.29.
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