Today on Stockhouse
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Dudley Pierce Baker discusses the day when no resource stock will sell for less than $5.
Fed monetizes debt, investors buy gold, Boris Sobolev.
Call seller in APOL, from Jud Pyle.
J.W. Cotton provides some stock picks for a declining market.
In today’s ThomWatch by Thom Calandra: Crush course set for lithium.
Buzz on the Boards took a look at the Cymat Technologies (TSX: T.CYM, Stock Forum) and Certicom Corp. (TSX: T.CIC, Stock Forum) Bullboards.
Top Bullboards post: “I haven't looked into it much yet, but if you can hold any type of investment in this [TFSA], and not pay taxes on any capital gains. Buying a speculative play in this [TFSA] seems the way to go, if you do hit it big, not paying taxes on it would be huge.” – From coolandthegang on the Explor Resources (TSX: V.EXS, Stock Forum) Bullboard.
Top Bullboard: Tuesday’s most posted Bullboards were Oilexco (TSX: T.OIL, Stock Forum), Explor Resources (TSX: V.EXS, Stock Forum) and Cypress Development Corp. (TSX: V.CYP, Stock Forum)
Top blog: ghost11 commented on commodities stabilizing on the Ghost Trader2 blog Tuesday.
For news about small stocks that made big moves in Tuesday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"It's going to be things like the fiscal stimulus and what we're seeing on regulation that we're keeping an eye on," Gordon Charlop, managing director at Rosenblatt Securities told MarketWatch.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Cisco Systems (NASDAQ: CSCO) |
Q2 |
$0.30 vs. $0.38 |
|
| Equifax Inc. (NYSE: EFX) |
Q4 |
$0.59 vs. $0.59 |
|
| Kraft Foods (NYSE: KFT) |
Q4 |
$0.44 vs. $0.44 |
|
| PepsiAmericas (NYSE: PAS) |
Q4 |
$0.33 vs. $0.33 |
|
| Philip Morris (NYSE: PM) |
Q4 |
$0.62 vs. N/A |
|
| Visa (NYSE: V) |
Q1 |
$0.66 vs. N/A |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Husky Energy (TSX: T.HSE) |
Q4 |
N/A vs. $1.26 |
|
tr>
Saputo (TSX: T.SAP) |
Q3 |
N/A vs. $0.40 |
|
Today In The Markets
Financials push TSX to modest rise; N.Y. higher on rebound in home sales
|
| DJIA |
8,078.36 |
+141.53 |
 |
|
| NASDAQ |
1,516.30 |
+21.87 |
|
|
| S&P500 |
838.51 |
+13.07 |
|
|
| S&P/TSX |
8,628.63 |
+3.80 |
|
|
| S&P/TSX Venture |
869.25 |
-3.57 |
 |
|
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TORONTO, NEW YORK (CP) - The Toronto stock market erased early losses to eke out a slightly higher close Tuesday thanks largely to a late-day revival in the financial and base metals sectors.
Toronto's S&P/TSX composite index inched up 3.8 points to 8,628.63, while the Canadian dollar rose 0.88 of a cent to 81.29 cents US.
New York's Dow Jones industrials moved up 141.61 points to 8,078.36 as the U.S. National Association of Realtors said its seasonally adjusted index of pending U.S. home sales for pre-owned homes in December rose more than economists had expected.
Please click here for current U.S. and Canadian market summaries.
After-Hours News
Electronic Arts (NASDAQ: ERTS)
After Tuesday's close, the video game publisher posted a third-quarter net loss of $641 million, or $2 a share, compared with a loss of $33 million, or 10 cents a share, a year ago. Excluding costs related to restructuring and other special items, it had a profit of 56 cents a share, far short of Wall Street's expectations of 88 cents a share. Revenue rose to $1.65 billion from $1.50 billion. Analysts expected $1.9 billion. The company also announced plans to lay off 1,100 people, or about 11% of its total workforce.
RDM Corporation (TSX: T.RC)
The developer of specialized software and hardware products for electronic payment processing, after Tuesday's closing bell, said it had reached an agreement with BankCard Source to resell RDM's electronic check conversion software and hardware products.