Today on Stockhouse
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Don Miller of Money Morning examines how Wall Street is scrambling to profit from rising oil demand.
This as Porter Stansberry of DailyWealth writes about something that could crush stock market valuations.
Top Bullboards post: Writing on the Taseko Mines (TSX: T.TKO, Stock Forum) Bullboard on a day the company traded 10% higher, shoesin said: “Yes. Taseko's better positioned than ever with a mining friendly govt in BC. 10mil of TGB stock traded hands on Fri and 6mil TKO traded on Fri. Fri had most TGB trades ever. Today is Marty King day, so tomorrow might be another interesting day in US markets. The MacD is pointed north, so not sure if I should buy more or not.
“Here's hoping the feds agree with the provincials.”
Top Bullboard: Vast Exploration (TSX: V.VST, Stock Forum) received the most reads and posts on a day its stock surged 13%.
Top blog: RedMars describes tools the blogger uses to trade penny stocks in the Notes From a Cyber Trader 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
"When China raised the reserve requirements, it was unexpected," said Ian Nakamoto, director of research at MacDougall, MacDougall and MacTier, in an interview with Canadian Press. "All of a sudden, you say: Is some of the global stimulus going to be removed quicker than I thought?"
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Citigroup (NYSE: C) |
Q4 |
$ - 0.33 vs. $ - 2.44 |
|
| Cree Inc. (NASDAQ: CREE) |
Q2 |
$0.30 vs. $0.20 |
|
| International Business Machines (NYSE: IBM) |
Q4 |
$3.47 vs. $1.49 |
|
| Renasant (NASDAQ: RNST) |
Q4 |
$0.19 vs. $0.01 |
|
| TD Ameritrade (NASDAQ: AMTD) |
Q1 |
$0.26 vs. $0.31 |
|
| TESSCO Technologies (NASDAQ: TESS) |
Q3 |
$0.49 vs. $0.25 |
|
|
Today In The Markets
Metal mining stocks boost the TSX
|
| DJIA |
10,609.65 |
N/A |
 |
|
| NASDAQ |
2,287.99 |
N/A |
|
|
| S&P500 |
1,136.03 |
N/A |
|
|
| S&P/TSX |
11,685.37 |
+48.87 |
 |
|
| S&P/TSX Venture |
1,597.48 |
+4.01 |
|
|
Toronto & New York – (The Canadian Press) - he Toronto stock market advanced Monday afternoon as rising oil, copper and gold stocks lifted energy and mining stocks.
Volumes were lower than normal with New York markets closed for the Martin Luther King holiday.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Esperanza Silver (TSX: V.EPZ, Stock Forum)
The company announced late on Monday that it would raise up to $5 million in a private placement. Esperanza said it will issue 4 million units at $1.25 each. The units consist of one common share and one warrant to purchase another share for $1.75. The warrant will be good for two years. The cash raised in the private placement will be used to continue exploration at the company’s Cerro Jumil property in Mexico and its San Luis property in Peru.
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