Stockhouse @ the Bell: Goldman touch pushes stocks higher

Today on Stockhouse

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Andrew Mickey discusses when to buy gold stocks.

Jeff Clark of Growth Stock Wire looks at a low-risk trade in the oil sector.

Jud Pyle looks at bullish put activity in Halliburton (HAL).

Michael S. (Mickey) Fulp talks about one of his favorite Mexican gold juniors.

Renewed pressure forthcoming for oil, says Mike Paulenoff.

For more articles on gold and silver, please visit the Stockhouse gold & silver feature supplement: https://www.stockhousefeatures.com/gold-and-silver/

Buzz on the Boards looked in on the Evolving Gold Corp. (TSX: V.EVG, Stock Forum) and Kinbauri Gold Corp. (TSX: V.KNB, Stock Forum) Bullboards.

Top Bullboards post: “Because of the global financial crisis it's hard for these juniors to obtain financing, banks are not loaning right now but in time things change so patience is required.” – From FullMonty1 on the Gold Hawk Resources (TSX: V.CGK, Stock Forum) Bullboard.

Top Bullboard: The Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (TSX: T.HNU, Stock Forum) Bullboard ended the day with the most posts.

Top blog: Tuesday’s most read blogs included Maysteeler23’s Thoughts, Notes from a Cyber Trader, and Ghost Trader2.

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

"There's just a general lack of enthusiasm in this market," Darin Newsom, senior analyst at DTN told the Associated Press. "We need a general consistent pattern of bullish news coming out to turn this market around."

Today In The Markets

Stock markets close higher following solid results from Goldman Sachs

DJIA	8,359.49	+27.81
NASDAQ	1,799.73	+6.52
S&P500	905.84	+4.79
S&P/TSX	9,986.15	+94.22
S&P/TSX Venture	1,055.39	+7.76

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TORONTO, NEW YORK (CP) - The Toronto stock market put in a solid gain Tuesday for a second session in a row, led by the financial sector in the wake of an earnings report from American banking giant Goldman Sachs Group that was much better than expected.

The main S&P/TSX index closed up 94.22 points to 9,986.15 after surging 145 points on Monday following an upgrade on Goldman Sachs by influential banking analyst Meredith Whitney. The Canadian dollar rose 1.21 cents to 88.03 cents US, the currency's highest close since June 19, while the TSX Venture Exchange climbed 7.76 points to 1,055.39.

The Goldman Sachs report also pushed New York markets higher as the Dow Jones industrial average closed up 27.81 points to 8,359.49 after financials led a 185-point charge on Monday.

The Nasdaq composite index gained 6.52 points to 1,799.73. Dell Inc. shares ran down $1.05 to US$11.97 as the company said the U.S. personal computer market has reached its low point but that the timing of a global turnaround in the technology industry remains anyone's guess. The S&P 500 index moved up 4.79 points to 905.84 as U.S. drug giant Johnson & Johnson handed in better than expected earnings.

Please click here for the current U.S. and Canadian market summaries.

After-Hours News

Intel Corp. (NASDAQ: INTC)
After Tuesday’s close, the world's biggest semiconductor company said it earned $1 billion, or 18 cents per share, in the second quarter, excluding a $1.45 billion antitrust fine from the European Union. Analysts expected a profit of eight cents a share. Including the fine, Intel lost $398 million, or seven cents a share. Sales fell 15% to $8.02 billion. Analysts had predicted $7.28 billion. Intel also offered third-quarter sales guidance that was $700 million higher than analysts' average estimate.

Northgate Minerals (TSX: T.NGX)
The miner, after Tuesday’s closing bell, reported results from the pre-feasibility study on its 100% owned Young-Davidson project in Matachewan, Ontario, which added 2.8 million ounces contained gold to its proven and probable reserves.