Today on Stockhouse
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Thom Calandra offers some “fat” gold stock possibilities in his subscribers-only Ticker Trax.
Rob Fannon of The Growth Stock Wire, meanwhile, says the third-quarter bloodbath will offer a rare buying opportunity for this stock.
And, Jason Simpkins of Money Morning provides an intriguing story of a 'secret plan' to dethrone the U.S. dollar, which is boosting gold.
Top Bullboards post: Referencing the announcement of a merger between Ontek Resources and Roxmark Mines, Greede wrote in the Roxmark Mines forum: “ONT investors don't seem to like it.
“Upon further reflection, RMK investors are poo-pooing it a bit as well.
“I think a little bit of time is needed to let the dust settle but from what I can glean, this is a largely positive deal for RMK. Is it a blockbuster? Not necessarily, but nothing RMK does is mind-blowing, it's slow and steady and delivers over time.
“I think some greedy players want bigger offers, higher premiums and faster production. For those requests, I blame no one.”
Top Bullboard: Roxmark Mines (TSX: V.RMK, Stock Forum) received the most posts and the most reads.
Top blog: LexLuthor2 writes about a gold producer he thinks is still very cheap (inexpensive on a valuation basis) in his Lex Corpblog.
For news about small stocks that made big moves in Tuesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"There is some key stuff coming and the market has anticipated that it's going to be good," said John Wilson, chief technical strategist at Morgan Keegan in an interview with Associated Press.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Abbott Laboratories (NYSE: ABT) |
Q3 |
$0.90 vs. $0.79 |
|
| Crown Holdings (NYSE: CCK) |
Q3 |
$0.79 vs. $0.71 |
|
| JPMorgan Chase (NYSE: JPM) |
Q3 |
$0.49 vs. $0.11 |
|
| WD-40 Co. (NASDAQ: WDFC) |
Q4 |
$0.40 vs. $0.28 |
|
Today In The Markets
Markets flat
|
| DJIA |
9,871.06 |
-14.74 |
 |
|
| NASDAQ |
2,139.89 |
+0.75 |
 |
|
| S&P500 |
1,073.18 |
-3.01 |
|
|
| S&P/TSX |
11,413.54 |
-23.38 |
|
|
| S&P/TSX Venture |
1,322.28 |
+14.93 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed slightly lower Tuesday, supported by commodity stocks on advancing oil prices and record high gold prices and pulled down by financial stocks in the wake of a downgrade in the American banking sector.
Trading was also sluggish following a disappointing earnings report from U.S. health-care giant Johnson & Johnson and the market was left struggling for traction after a strong advance last week.
Please click here for the current U.S. and Canadian market summaries.
After-Hours News
Intel (NASDAQ: INTC, Stock Forum)
The chip maker reported third quarter profit fell compared with last year, but nonetheless topped analysts’ estimates. Intel said it earned $1.9 billion or 33 cents per share, against year ago earnings of $2 billion or 35 cents a share. Revenue slipped to $9.4 billion from $10.2 billion a year ago. The average analyst forecast was for profit of $28 cents per share on revenue of $9 billion. Looking ahead, the company said it would post Q4 revenue of $10.1 billion plus or minus $400 million.
EXFO Electro-Optical Engineering (TSX: T.EXF, Stock Forum)
The company said that its fourth quarter sales and earnings decreased against the comparable quarter a year ago. EXFO, which provides test and service assurance solutions for network service providers, said Q4 sales amounted to US$36.5 million, against US$50.9 million a year ago. The company posted a net loss of US$1.2 million or two cents per share on a GAAP basis. During the fourth quarter of 2008, EXFO recorded a profit of US$3.3 million or five cents per share.