15:05 PM
Basic materials issues continue to get pounded, though they've got a lot of company in the broader market - which has trimmed losses a bit. Sector losers: [[AEM]] -9.4%, [[IAG]] -9.3%. Potash (POT -4.4%) and Freeport-McMoRan (FCX -3.8%) active. With an hour left, the Dow -1% to 10,341; S&P 500 -0.9% to 1,099; Nasdaq -1% to 2,186. Crude -0.1%. Natgas +5.7%. Gold -3%, just holding on above $1,100.
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19:01 PMAgnico-Eagle Mines (AEM): Q3 EPS of -$0.11 vs. estimate of $0.20; results include foreign exchange loss and other items accounting for $0.14/share. Revenue of $159M (+91%) vs. $183M. Shares -6.7% AH. (PR)
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15:12 PM
It's not a question of whether to own gold, but how to own gold, Jim Cramer says. His favorite play on the yellow metal: Agnico-Eagle Mines (AEM).
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Wednesday, July 29, 2009
17:24 PMAgnico-Eagle Mines (AEM): Q2 EPS of $0.01 misses by $0.11. Revenue of $139M (+58%) vs. $126M. EPS includes noncash currency loss of $0.12/share and stock option expense of $0.03/share. Shares +1% AH. (PR)
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