Today on Stockhouse
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Peter Krauth of Money Morning claims copper could be positioning itself to upstage gold.
And, David Galland of Casey Research provides an insider's view of the real estate train wreck.
Top Bullboards post: On the Century Energy (TSX: V.CEY, Stock Forum) Bullboard, Unaboy wrote: “Correct me if I'm wrong, but Century's share of the farm out well (if good) with Atikwa, would only be a barrel or at most 2 per day. SE 27-5-25-W2 is a vertical hole, Atikwa's presentation on their website describes what they are up to. The vertical hole they are doing right now (should TD today) and the one they will spud on 27 in a couple of days, are to grab cores & logs before proceeding with Hz holes. P.S. The report that Sproule did for Century on Roncott is interesting reading. .... Una”
Top Bullboard: First Gold Exploration (TSX: V.EFG, Stock Forum) collected the third-most posts and reads on a day its stock fell 15%.
Top blog: InarRocks offers some gold stock picks, suggesting that they could be takeover candidates in the $5000 an ounce gold? blog.
For news about small stocks that made big moves in Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"I don't think history can change. The Fed is sidelined this year. They are trying to get the banks back together by keeping short-term rates as low as possible, with steep yield curves to create bank profits. It's a testament to the fact that the Fed has hit the Easy Button," said Jack Ablin, chief investment officer at Harris Bank, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Agilent Technologies (NYSE: A) |
Q1 |
$0.32 vs. $0.20 |
|
| AutoNation (NYSE: AN) |
Q4 |
$0.27 vs. $0.12 |
|
| Buffalo Wild Wings (NASDAQ: BWLD) |
Q4 |
$0.51 vs. $0.43 |
|
| Coinstar (NASDAQ: CSTR) |
Q4 |
$0.32 vs. $0.15 |
|
| Expedia (NASDAQ: EXPE) |
Q4 |
$0.28 vs. $0.22 |
|
| McAfee (NYSE: MFE) |
Q4 |
$0.64 vs. $0.53 |
|
| Treehouse Foods (NYSE: THS) |
Q4 |
$0.66 vs. $0.55 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Canadian Tire (TSX: T.CTC.A) |
Q4 |
$1.46 vs. $1.24 |
|
| EnCana (TSX: T.ECA) |
Q4 |
US$0.55 vs. $0.60 |
|
| Great-West Lifeco (TSX: T.GWO) |
Q4 |
$0.45 vs. $ - 1.011 |
|
| Manulife (TSX: T.MFC) |
Q4 |
$0.56 vs. $ - 1.24 |
|
| Shoppers Drug Mart (TSX: T.SC) |
Q4 |
$0.80 vs. $0.80 |
|
| Sun Life (TSX: T.SLF) |
Q4 |
$0.65 vs. $0.23 |
|
| Yellow Pages (TSX: T.YLO.UN) |
Q4 |
$0.25 vs. $0.19 |
|
|
Today In The Markets
Greece debt crisis is the focus for markets
|
| DJIA |
10,038.38 |
-20.26 |
 |
|
| NASDAQ |
2,147.87 |
-3.00 |
|
|
| S&P500 |
1,068.13 |
-2.39 |
|
|
| S&P/TSX |
11,286.33 |
+12.09 |
 |
|
| S&P/TSX Venture |
1,476.78 |
+2.25 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed little changed as investors look ahead to a meeting of European Union leaders for indications on how they will deal with a continental debt crisis.
The S&P/TSX composite index moved 12.09 points higher to 11,286.33.
Investors are counting on a statement following tomorrow's meeting that will outline what the EU will do to deal with Greece and its mounting debt problem.
Markets have dropped recently over concerns that debt problems in countries like Greece, Spain and Portugal might spread and endanger the global economic recovery.
The Canadian dollar moved up 0.43 of a cent to 94.07 cents US, while the price of oil moved ahead 77 cents to US$74.52 a barrel.
New York's Dow Jones industrials declined 20.26 points to 10,038.38. The Nasdaq composite index dropped three points to 2,147.87 and the S&P 500 index was 2.39 points lower to 1,068.13.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
CME Group (NYSE: CME, Stock Forum)
The company and Dow Jones & co, which is owned by News Corp (NYSE: NWS, Stock Forum) said that they had agreed that CME will take a 90% stake in Dow Jones indices for $607.5 million. Dow Jones will continue to exercise a management role in the Dow Jones Industrial Average.
Sierra Wireless (TSX: T.SW, Stock Forum)
The maker of wireless modems reported a smaller quarterly profit for Q4 as it grew revenues 6%. The company said it had net earnings of $2.7 million or 9 cents per share on revenue of $144 million. That compares to its year ago earnings of $11.2 million or $1.12 per share on revenue of $132.9 million.
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