Today on Stockhouse
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A 'fun' stock pick with income for 2009, from Sy Harding.
Rite-Aid getting a taste of its own medicine? asks Saj Karsan.
In today’s Got Gold Report by Gene Arensberg, gold, silver ETFs see strong buying pressure.
Obama's change may not be something we can bank on, says Boris Sobolev.
Buzz on the Boards stopped by the Osisko Mining Corporation (TSX: T.OSK, Stock Forum) Bullboard and the Quadra Mining (TSX:T.QUA, Stock Forum) Bullboard.
Top Bullboards post:“Block out the "noise" of daily volatility, however, and the gold price will begin 2009 significantly higher against all major currencies bar the U.S. Dollar. The gold price starts 2009 with a double and better for Australian and British investors since 2005. It has risen by 75% and more for European and Canadian buyers. Even amid the financial crisis, which saw the gold price slip back by one-fifth from the "Bear Stearns top" of $1,000 an ounce, gold remains 75% higher from 2005 for U.S. investors. The 2009 outlook? Gold has already shielded UK investors from a collapse in the Pound. It's soothed the sharp loss of purchasing power for "commodity currency" investors in Canada and Australia…”– From goldish on the Yamana Gold (TSX: T.YRI, Stock Forum) Bullboard.
Top Bullboard:Monday’s most posted Bullboard was the Horizons BetaPro NYMEX Crude Oil Bull Plus ETF (TSX: T.HOU, Stock Forum) board.
Top blog:littleguy123 wrote about the U.K. government increasing its stake in the Royal Bank of Scotland on the Outside the Market Blog Monday.
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
"There will be more bad economic news. I don't think we're out of the woods on layoffs and earnings announcements but at some point it's all factored in," John Dorfman, chairman of Thunderstorm Capital LLC in Boston told the Associated Press.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| BancFirst (NASDAQ: BANF) |
Q4 |
$0.61 vs. $0.75 |
|
| CSX Corporation (NYSE: CSX) |
Q4 |
$0.91 vs. $0.85 |
|
| IBM (NYSE: IBM) |
Q4 |
$3.03 vs. $2.80 |
|
| Johnson & Johnson (NYSE: JNJ) |
Q4 |
$0.92 vs. $0.88 |
|
| TD Ameritrade Holding Corp. (NASDAQ: AMTD) |
Q1 |
$0.31 vs. $0.40 |
|
| West Coast Bancorp (NASDAQ: WCBO) |
Q4 |
-$0.10 vs. $-0.49 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Suncor Energy (TSX: T.SU) |
Q4 |
US$0.32 vs. $0.65 |
|
| Viterra (TSX: T.VT) |
Q4 |
N/A vs. -$0.01 |
|
Today In The Markets
TSX closes lower, pressured by RBS loss, lower oil; N.Y. closed for King holiday
|
| DJIA |
8,281.22 |
N/A |
 |
|
| NASDAQ |
1,529.33 |
N/A |
|
|
| S&P500 |
850.12 |
N/A |
|
|
| S&P/TSX |
8,841.48 |
-78.92 |
 |
|
| S&P/TSX Venture |
872.95 |
+7.30 |
 |
|
TORONTO (CP) - The Toronto stock market closed lower Monday as sliding oil prices took another bite from energy stocks and a record-breaking loss at Royal Bank of Scotland along with indications of a deeper-than-expected slowdown in Europe prompted investors to sell financials.
The S&P/TSX composite index pulled back 78.92 points to 8,841.48 on top of last week's two per cent decline. The TSX Venture Exchange added 7.3 points to 872.95.
Please click here for current U.S. and Canadian market summaries.
After-Hours News
Western Goldfields (TSX: T.WGI)
After Monday's close, the junior miner provided its 2009 outlook and fourth-quarter production update for the Mesquite Mine in California. Gold production for 2009 is expected to be in the range of 140,000 to 150,000 ounces, which the company claims is a significant increase over 2008.