Today on Stockhouse
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Money Morning’s Horacio Marquez believes this technology will replace 148 billion barrels of oil.
And, Terry Coxon of Casey Research tackles the topic of when inflation will really hit us.
Top Bullboards post: consultant99 wrote on the Nuvo Research Bullboard: “I disagree. I worked in the corporate office of a large corporation and there is a lot of care in what is said and not said in press releases.
“The company did respond to the compliance department - fact is any stock that traded as Nuvo did today would be required to respond.
“Fact the company has clearly stated that they know of no decision yet by the FDA.
“To me at least they have said volumes - that any movement in the share price this morning was a result of market trading, i.e. speculation and was not founded on concrete news. “Management is on the hook if they lied so I am a lot more comfortable with that statement IMO.”
Top Bullboard: Nuvo Research (TSX: T.NR, Stock Forum) received the most reads, while Decade Resources (TSX: V.DEC, Stock Forum) gathered the most posts on a day its stock plunged 45%.
Top blog: YeOldGoldNugget attempts to answer the question why are gold, silver and the commodities hot, in the Orko Silver Blog.
For news about small stocks that made big moves in Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"You're seeing this sort of waltz between the dollar and volatility and stocks," said Richard Ross, global technical strategist at Auerbach Grayson, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| American Dental Partners (NASDAQ: ADPI) |
Q3 |
$0.14 vs. $0.12 |
|
| Baidu (NASDAQ: BIDU) |
Q3 |
$1.81 vs. $1.47 |
|
| Psychiatric Solutions (NASDAQ: PSYS) |
Q3 |
$0.56 vs. $0.51 |
|
| RF Micro Devices (NASDAQ: RFMD) |
Q2 |
$0.09 vs. $0.07 |
|
| ValueClick (NASDAQ: VCLK) |
Q3 |
$0.14 vs. $0.02 |
|
| Visa, Inc. (NYSE: V) |
Q4 |
$0.72 vs. $0.58 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Canadian Pacific (TSX: T.CP) |
Q3 |
US$0.76 vs. $1.15 |
|
| Open Text (TSX: T.OTC) |
Q1 |
US$0.58 vs. $0.53 |
|
| TransAlta Corporation (TSX: T.TA) |
Q3 |
US$0.40 vs. $0.33 |
|
Today In The Markets
Stronger US dollar pressures stocks
|
| DJIA |
9,867.96 |
-104.22 |
 |
|
| NASDAQ |
2,141.85 |
-12.62 |
|
|
| S&P500 |
1,066.94 |
-12.66 |
|
|
| S&P/TSX |
11,234.88 |
-147.25 |
|
|
| S&P/TSX Venture |
1,305.95 |
-27.96 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market gave up earlier gains to rack up a triple-digit loss by mid-afternoon Monday as a burst of strength in the U.S. dollar sent commodity prices and the Canadian dollar down sharply.
The S&P/TSX composite index lost 120.1 points to 11,262 after investors took profits and sent the main index down just over one per cent last week.
New York indexes also fell back with the Dow Jones industrial average down 84.4 points to 9,887.8.
The Nasdaq composite index moved down 9.94 points to 2,144.53 while the S&P 500 index dipped 9.2 points 1,070.4.
Investors also looked ahead to the U.S. government's first reading on the economy in the third quarter later in the week.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Masco Corp (NYSE: MAS, Stock Forum)
The company said profits fell 15% in its third quarter to $28 million or 8 cents per share. In the comparable quarter a year ago Masco earned $33 million or 9 cents per share. Revenue for three months fell 17% to $2.09 billion from $2.51 billion. The Street had been expecting the company to report earnings of 8 cents per share on revenue of $2.05 billion. Looking ahead, the company forecasted full year results would be in the range between a loss of five cents per share and a profit of five cents per share.
Indigo Books and Music (TSX: T.IDG, Stock Forum)
The retailer reported revenues rose 1% in the recent quarter to $207 million as it opened more super stores. Net earnings amounted to $2.2 million or 9 cents per share, compared with year ago earnings of $3.2 million or 13 cents per share. Same store sales slipped against last year’s sales.