Today on Stockhouse
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Hope could fuel a stock market rally, says Sy Harding.
Gold: To hold or not to hold? asks Matt McAbby
Jud Pyle discusses interesting opportunities in banking stock option trading.
In today’s Got Gold Report by Gene Arensberg, big U.S. banks dominate COMEX gold, silver.
John Whitefoot looks at penny stock survival of the most adaptable.
Buzz on the Boards took a look at the Weststar Resources Corp. (TSX: V.WER, Stock Forum) Bullboard and the Goldsource Mines (TSX: V.GXS, Stock Forum) Bullboard.
Top Bullboards post:“Looking at the action today, I think that if, and this is a big IF, the POG stay around where it is, tomorrow will bring out all those sitting on the sidelines waiting for a pull back in the gold cos. That combined with the money printing announcement should push the POG back above $900. IMHO [sic].” – From yorkmemo on the Horizons BetaPro S&P TSX Global Gold Bull Plus ETF (TSX: T.HGU, Stock Forum)Bullboard.
Top Bullboard:The three most posted Bullboards of the day were Oilexco (TSX: T.OIL, Stock Forum), Goldsource Mines (TSX: V.GXS, Stock Forum) and Trade Winds Ventures (TSX: V.TWD, Stock Forum).
Top blog:littleguy123 discussed U.S. government spending 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
"The market has gravitated towards some growth sectors that are linked to infrastructure, such as the industrials, materials and energy," Owen Fitzpatrick, head of U.S. equities at Deutsche Bank, told MarketWatch.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| BankAtlantic Bancorp (NYSE: BBX) |
Q4 |
-$1.20 vs. -$0.90 |
|
| Genworth Financial (NYSE: GNW) |
Q4 |
$0.37 vs. $0.71 |
|
| Patriot Coal (NYSE: PCX) |
Q4 |
$-0.70 vs. -$0.42 |
|
| Pepsi Bottling Group (NYSE: PBG) |
Q4 |
$0.25 vs. $0.39 |
|
| UBS (NYSE: UBS) |
Q4 |
-$1.15 vs. -$5.43 |
|
| Unisys (NYSE: UIS) |
Q4 |
$0.08 vs. $0.04 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Inmet Mining (TSX: T.IMN) |
Q4 |
N/A vs. $1.32 |
|
| Molson Coors Brewing Company (TSX: T.TAP.B) |
Q4 |
US$0.71 vs. $0.73 |
|
Today In The Markets
Energy, banks lift TSX; N.Y. flat ahead of financial aid announcement
|
| DJIA |
8,270.87 |
-9.72 |
 |
|
| NASDAQ |
1,591.56 |
-0.15 |
|
|
| S&P500 |
869.89 |
+1.29 |
 |
|
| S&P/TSX |
9,047.28 |
+39.26 |
|
|
| S&P/TSX Venture |
901.10 |
-8.24 |
|
|
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TORONTO, NEW YORK (CP) - The Toronto stock market closed higher Monday, supported by financials a day before U.S. Treasury Secretary Timothy Geithner is to unveil an overhaul of the US$700-billion aid plan for the financial sector and by energy stocks even as oil prices slipped.
Toronto's S&P/TSX composite index was positive for a fifth session, adding 39.26 points to 9,047.28. The TSX Venture Exchange inched 8.24 points lower to 901.1.
The Dow Jones industrial eased 9.72 points to 8,270.87. The Nasdaq composite index declined 0.15 of a point to 1,591.56 and the S&P 500 index was ahead 1.29 points at 869.89.
Please click here for current U.S. and Canadian market summaries.
After-Hours News
Principal Financial (NYSE: PFG)
After Monday's close, the company reported a fourth-quarter net loss available to common shareholders of $7.5 million, or three cents a share, compared with net income available to common shareholders of $34.1 million, or 13 cents a share, a year ago. Operating earnings, which exclude net realized investment gains and losses, were $179 million, or 69 cents a share. Quarterly sales fell 13% to $2.53 billion from $2.9 billion. Analysts expected Principal to earn 66 cents a share on sales of $2.69 billion.
Explor Resources (TSX: V.EXS)
The micro cap explorer, after Monday's closing bell, announced drill results from the LYNX Gold Zone 90 km east of the Timmins-Porcupine gold mining camp in northern Ontario, which included 142.26 grams/tonne (g/t) gold over 3.0 meters.