Today on Stockhouse
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Thom Calandra writes about a promising junior gold stock that could be set to soar in his subscribers-only Ticker Trax.
Gene Arensberg writes about the gold and silver stage being at new heights in his Got Gold Report.
Dr. Steve Sjuggerud of DailyWealth, meanwhile, explains how he earned a 73% one-year return on his cash.
Top Bullboards post: Ogre2 wrote: “This isn't going to be a cheap mine to develop, it is deep, so some of the cash held by Hudbay (TSX: T.HBM, Stock Forum) will need to be conserved as capex for Lalor.”
Top Bullboard: While not the top, the Decade Resources (TSX: V.DEC) board received more than 11,000 reads and the second most posts, on a day its stock surged 20%. Decade stock has skyrocketed 1131% so far in September.
Top blog : hrock posted an article explaining why it is time to buy junior miners in the $HardRocks For You blog.
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
"Reluctantly, investors are continually being dragged into a market that is finding a path of least resistance to the upside," said Art Hogan, chief market analyst at Jefferies & Co., in an interview with Associated Press.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| AutoZone (NYSE: AZO) |
Q4 |
$4.45 vs. $3.88 |
|
| Bed Bath & Beyond (NASDAQ: BBBY) |
Q2 |
$0.48 vs. $0.46 |
|
| General Mills (NYSE: GIS) |
Q1 |
$1.03 vs. $0.96 |
|
| Paychex (NASDAQ: PAYX) |
Q1 |
$0.34 vs. $0.41 |
|
| Red Hat (NYSE: RHT) |
Q2 |
$0.15 vs. $0.10 |
|
Today In The Markets
Mining shares lift Toronto indices, while a merger moves New York issues
|
| DJIA |
9,829.87 |
+51.01 |
 |
|
| NASDAQ |
2,146.30 |
+8.26 |
|
|
| S&P500 |
1,071.66 |
+7.00 |
|
|
| S&P/TSX |
11,585.73 |
+161.12 |
|
|
| S&P/TSX Venture |
1,281.63 |
+16.63 |
|
|
Toronto & New York (Canadian Press) - The Toronto stock market ran ahead Tuesday in a broad-based advance led by mining and energy stocks.
The S&P/TSX composite index gained 161.12 points to 11,585.73 even as Statistics Canada reported that retail sales fell 0.6 per cent in July with weakness across most sectors. The Canadian dollar was ahead 0.73 cents to 93.54 cents US.
U.S. markets rose despite disappointing housing data. The Dow Jones industrial average was up 51.01 points to 9,829.87 as the Federal Housing Finance Agency reported that house prices rose 0.3 per cent in July from the prior month, but June's price increase was revised down to 0.1 per cent from 0.5 per cent.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Seagate Technology (NYSE: STX)
The maker of hard drives said late on Tuesday that it foresees Q1 revenue at the high end or beyond its current forecast range because of increasing demand. The company said it will report revenue between $2.4 billion and $2.6 billion with gross margins between 23% and 24%.
Northgate Minerals (TSX: T.NGX)
The gold and copper miner said that it had entered into a C$100 million bought deal financing. It will sell 34.3 million common share at a price of $2.92 per share. The proceeds will fund the development of the company’s Young-Davidson project in northern Ontario.