Today on Stockhouse
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In a dispatch from Peru, Thom Calandra goes to the mountain and returns with good ideas for gold investors.
Marin Katusa & Marc Bustin of Casey Research explain why it should be a hot future for geothermal energy.
While Marc Davis believes central bankers will be big gold buyers in 2010.
Top Bullboards post: “It is significant that those concentrations exist. It won't do much for the SP right now but I wouldn't throw out your stock certificates with the bath water quite yet,” opined Jackhammer08 on the Petaquilla Minerals (TSX: T.PTQ, Stock Forum) Bullboard. “Many of us know that we are sitting in an accumulation zone and there is no rush to add shares except on dips. Once the stock begins to firm up steadily on zero news, we will be trading in the upper 1's if not 2's. Just relax and watch this flower blossom.”
Top Bullboard: Vast Exploration (TSX: V.VST, Stock Forum) received the second-most reads and posts on a day its shares surged 13%.
Top blog: LexLuthor2 suggests members take a ‘gamble’ on this way to play a possible recovery in his Lex Corp blog.
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
"The market is stuck in a real trading range here, the most protracted one we've had since the March lows," said Tom Alexander, president of Alexander Trading, in an interview with MarketWatch. "Ultimately, I think that having this range will be a bullish thing, since it shows that the market is hanging in there. But we could have a consolidation like we're seeing today for a while longer before there's a real breakout to the upside."
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Apogee Enterprises (NASDAQ: APOG) |
Q3 |
$0.22 vs. $0.63 |
|
| Joy Global (NASDAQ: JOYG) |
Q4 |
$1.01 vs. $1.11 |
|
| Nordson (NASDAQ: NDSN) |
Q4 |
$0.88 vs. $1.00 |
|
|
Today In The Markets
Stock markets slip on weak financials
|
| DJIA |
10,452.00 |
-49.05 |
 |
|
| NASDAQ |
2,201.05 |
-11.05 |
|
|
| S&P500 |
1,107.93 |
-6.18 |
|
|
| S&P/TSX |
11,541.02 |
-4.67 |
|
|
| S&P/TSX Venture |
1,422.05 |
-3.03 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market inched lower Tuesday as commodities prices held steady and mixed economic data on both sides of the border appeared to leave traders feeling reserved.
The S&P/TSX composite index was down a mere 4.67 points to 11,541.02.
The Dow Jones industrials fell 49.05 points to 10,452. The Nasdaq composite index fell 11.05 points to 2,201.05, while the S&P 500 index backed off 6.18 points to 1,107.93.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Adobe Systems (NASDAQ: ADBE, Stock Forum)
The software maker reported it swung to a loss in its fourth quarter, but said it expects revenues will begin to stabilize as the economy improves. The maker of the Photoshop imaging software said it expects first quarter revenues will come in a range between $800 million and $850 million. For the fourth quarter, Adobe reported a loss of $32 million or six cents per share, compared with its year ago earnings of $245.9 million or 46 cents per share. Excluding special items, the company had earnings of 39 cents, while the Street had expected it to earn 37 cents per share.
Yukon Nevada Gold (TSX: V.YNG, Stock Forum)
The company announced late in the day that it had signed an ore treatment agreement with gold Hill Reclamation and Mining Corporation. The latter firm agreed to treat ore from the Gold Hill Property in Boise County Idaho. The ore will be transferred to a mill in Nevada, operated by Queenstake Resources, a subsidiary of Yukon Nevada gold.
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