Today on Stockhouse
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Thom Calandra writes about junior miners growing up in a day.
Mary Anne & Pamela Aden discuss why the commodity world is growing in strength.
Micro cap medical tech could thrive under Obama, says Peter Szafranski of AllPennyStocks.com.
Chris Vermeulen provides a gold, silver, natural gas & oil technical trading update.
Mike Paulenoff looks at a negative confluence for Gold Miners ETF.
Stock market could be starting a final blastoff, notes Dr. Steve Sjuggerud of DailyWealth.
Buzz on the Boards stopped by to observe conversation on the Northern Abitibi Mining (TSX: V.NAI, Stock Forum) and Phoenix Coal (TSX: T.PHC, Stock Forum) Bullboards.
Top Bullboards post: “I find when everyone is crying in their soup...time to load up. How many times have you sold on emotion?? There are hurricanes brewing, 52 week low, Japan announced out of recession (who's next). Think you may be crying in your soup for a different reason if you sell”… - From kato1 on the Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (TSX: T.HNU, Stock Forum) Bullboard
Top Bullboard: The Noveko International (TSX: T.EKO, Stock Forum) Bullboard ended the day with the most posts.
Top blog: RedMars provided a list of lithium stocks on the Notes From a Cyber Trader 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
"You had some portion of the marketplace that was looking for selling opportunities after a big rally, and we've gotten a couple of good reasons here globally to execute on that thought," Craig Peckham, equity trading strategist at Jefferies & Co in New York, told Reuters.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Cardinal Health (NYSE: CAH) |
Q3 |
$0.85 vs. $0.97 |
|
| Hewlett-Packard (NYSE: HPQ) |
Q3 |
$0.90 vs. $0.86 |
|
| Home Depot (NYSE: HD) |
Q2 |
$0.59 vs. $0.71 |
|
| La-Z-Boy (NYSE: LZB) |
Q1 |
-$0.05 vs. -$0.05 |
|
| Target Corporation (NYSE: TGT) |
Q2 |
$0.66 vs. $0.82 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Gold Reserve (TSX: T.GRZ) |
Q2 |
US-$0.04 vs. N/A |
|
Today In The Markets
Stocks tumble on fears over consumer participation in economic recovery
|
| DJIA |
9,135.34 |
-186.06 |
 |
|
| NASDAQ |
1,930.84 |
-54.68 |
|
|
| S&P500 |
979.73 |
-24.36 |
|
|
| S&P/TSX |
10,531.59 |
-316.42 |
|
|
| S&P/TSX Venture |
1,159.82 |
-33.60 |
|
|
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TORONTO, NEW YORK (CP) - The Toronto stock market joined other indexes around the world in a sharp selloff as investors sold off on worries that the U.S. consumer won't be much help in building a strong economic recovery.
The S&P/TSX composite index fell 316.42 points or 2.92 per cent to 10,531.59 after consumer weakness surfaced Friday in a sharp falloff in the Reuters-University of Michigan consumer sentiment index, following a weak July retail sales report.
The Dow Jones industrials closed down 186.06 points to 9,135.34 and the Nasdaq composite index dropped 54.68 points to 1,930.84 while the S&P 500 fell 24.36 points to 979.73.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Agilent Technologies (NYSE: A)
After Monday’s close, the producer of electronic analytical tools announced third-quarter net income of $53 million, or 15 cents a share. Revenue dropped 27% to $1.06 billion. Analysts expected earnings of 11 cents a share on $1.02 billion in revenue.
Mineral Hill Industries (TSX: V.MHI)
The junior explorer, after Monday’s closing bell, said it has acquired the "International Property" claims, which represent additional lithium occurrences within the general area of MHI's 773.46 hectares "Chubb Lithium" property announced on May 12, 2009.