Today on Stockhouse
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Andrew Mickey of Q1 Publishing thinks the stock market could be set to drop 25%.
This as Danny Deadlock writes about a penny miner that trades at its cash value.
Top Bullboards post: Ramblersrest wrote: “I have a hunch that PKL will lead in making this an authentic area play that leads back to production from these dormant mines ....I see Red Lake or Rice Lake being repeated here at Pickle Lake ....the timing is closer than we may expect ...PKL has the inside cover advertisement in The Resource World magazine .....it is a great resource information source everyone in this game should be getting that magazine .....” on the PC Gold bullboard.
Top Bullboard: Nuvo Research (TSX: T.NRI, Stock Forum) received the most reads, while Vast Exploration (TSX: V.VST, Stock Forum) produced the most posts.
Top blog: oilguy1 writes about a stock that recently grabbed his attention in the STOCKS WITH LOW FORWARD EV/EBITDA 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
"The economy is turning a corner, but it's turning into the wind," said Alan Gayle, director of asset allocation at RidgeWorth Investments, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| American Tower (NYSE: AMT) |
Q3 |
$0.17 vs. $0.15 |
|
| Blackboard (NASDAQ: BBBB) |
Q3 |
$0.37 vs. $0.25 |
|
| infoGROUP, Inc. (NASDAQ: IUSA) |
Q3 |
$0.13 vs. $ - 0.15 |
|
| Kraft Foods (NYSE: KFT) |
Q3 |
$0.48 vs. $0.44 |
|
| Mastercard (NYSE: MA) |
Q3 |
$2.94 vs. $2.47 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Northgate Minerals (TSX: T.NGX) |
Q3 |
US$0.04 vs. $ - 0.11 |
|
| Ritchie Bros. Auctioneers (TSX: T.RBA) |
Q3 |
US$0.13 vs. $0.11 |
|
| Yamana Gold (TSX: T.YRI) |
Q3 |
US$0.13 vs. $0.05 |
|
Today In The Markets
Ford revs up New York markets, while investors hang up on RIM
|
| DJIA |
9,789.44 |
+76.71 |
 |
|
| NASDAQ |
2,049.20 |
+4.09 |
|
|
| S&P500 |
1,042.88 |
+6.69 |
|
|
| S&P/TSX |
10,878.35 |
-32.40 |
 |
|
| S&P/TSX Venture |
1,289.62 |
-1.79 |
|
|
TORONTO, NEW YORK (CP) - Toronto & New York (The Canadian Press) - Worries about the strength of an economic recovery pushed the Toronto stock market sharply lower Monday afternoon despite good U.S. economic news and a solid profit report from Ford Motor Co.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Stanley Works (NYSE: SWK, Stock Forum); Black and Decker (NYSE: BDK, Stock Forum)
Rival toolmaker Stanley Works said after the bell that it would acquire Black & Decker in an all-stock deal worth $4.5 billion. Stanley will offer 1.275 Stanley Works shares for each Black & Decker share, a 20% premium over the latter’s Friday closing price.
Detour Gold (TSX: T.DGC, Stock Forum)
The company reported assay results for 35 diamond drill holes at its Detour Lake project in northern Ontario. The company highlighted several holes that intersected gold in the Calcite Zone. It said the most important results came from hold DG-09-715 with 2.66 grams per tonne (uncut) or 2.4 g/t over 36 metres.