Today on Stockhouse
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Thom Calandra is in South Africa writing about some promising gold plays in his subscribers-only Ticker Trax.
While Chris Weber of DailyWealth examines what he believes is a crucial number for silver owners.
Top Bullboards post: Posters to the First gold Exploration (TSX: V.EFG, Stock Forum) Bullboard discussed the lack of lithium per Monday’s news release. Fairchij noted, “Although rubidium is more abundant in the earth’s crust than copper, lead, or zinc, it forms no minerals of its own, and is, or has been, produced in small quantities as a byproduct of the processing of cesium and lithium ores taken from a few small deposits in Canada, Namibia, and Zambia.”
Top Bullboard: First Gold Exploration (TSX: V.EFG, Stock Forum) received the most posts and reads on a day its share price went on a wild ride.
Top blog: LexLuthor2 suggests members take a look at a junior explorer with a property adjacent to a promising rare metals play in his Lex Corp 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 market is having some problems rallying right now even though the fundamentals have looked pretty good," said strategist Jason Trennert of Strategas Research Partners, in an interview with MarketWatch. "Most companies have been beating earnings expectations, and the economic data are looking a little better. But there's also a lot of headline risk out there."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Corning (NYSE: GLW) |
Q4 |
$0.42 vs. $0.13 |
|
| DuPont (NYSE: DD) |
Q4 |
$0.41 vs. $ - 0.28 |
|
| EMC Corporation (NYSE: EMC) |
Q4 |
$0.30 vs. $0.24 |
|
| Gilead Sciences (NASDAQ: GILD) |
Q4 |
$0.85 vs. $0.45 |
|
| RF Micro Devices (NASDAQ: RFMD) |
Q3 |
$0.12 vs. $ - 0.05 |
|
| Yahoo! (NASDAQ: YHOO) |
Q4 |
$0.11 vs. $0.17 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Cdn National Railway (TSX: T.CNR) |
Q4 |
$0.93 vs. $1.21 |
|
| Metro (TSX: T.MRU.A) |
Q1 |
$0.76 vs. $0.73 |
|
|
Today In The Markets
Stocks little changed
|
| DJIA |
10,196.86 |
+23.88 |
 |
|
| NASDAQ |
2,210.80 |
+5.51 |
|
|
| S&P500 |
1,096.78 |
+5.02 |
|
|
| S&P/TSX |
11,354.51 |
+11.08 |
|
|
| S&P/TSX Venture |
1,546.85 |
-2.82 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market was slightly higher Monday afternoon as investors dealt with major doses of uncertainty that sent indexes tumbling last week.
Concern about whether the U.S. Senate will confirm Federal Reserve chairman Ben Bernanke for a second term also continued to weigh on markets.
New York indexes were also higher after sustaining sharp losses last week.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Apple (NASDAQ: AAPL, Stock Forum)
The maker of the iPod and iPhone said after the market closed that profit jumped thaks to surging sales of its mobile phone last quarter. Apple said it earned $3.38 billion or $3.67 per share, against $2.25 billion of $2.50 per share a year ago. Revenue climbed 32% to $15.68 billion. Analysts had been expecting a profit of $2.07 per share on revenue of $12.06 billion.
North American Palladium (TSX: T.PDL, Stock Forum)
The company said that it would double its exploration budget for its wholly-owned Lac des Iles mine northwest of Thunder Bay as the result of what it characterized as “excellent exploration results.” At the same time NAP released results from four holes drilled during its 2009 exploration program, including Hole 417, where a 22 metre intersection graded 10.15 grams per tonne of palladium.
|