Today on Stockhouse
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Thom Calandra writes about a copper and silver junior he plans to visit in his subscribers-only Ticker Trax.
While Dr. George Huang of Growth Stock Wire believes investors could make 50% from billionaire Carl Icahn's latest target.
Top Bullboards post: On the Galway Resources (TSX: V.GWY, Stock Forum) Bullboard, kingtbp wrote: “BNN-TV Gold pro said they can run a GOLD MINE now with those high Gold prices in the MARKET up the last several months on just 0.07 grames of gold per ton (0.05 g/t to cover all cost and 0.02 g/t as the PROFIT)-----he said, 2.8 g/t is considered EXCELLENT -----I think GWY's next door neighbour VEN was hitting a WHOPPING 13 g/t of GOLD
“based on that 0.07 g/t of Gold to run a gold mine, GWY COULD HAVE HER MADE”
Top Bullboard: Questerre Energy (TSX: T.QEC, Stock Forum) received the most posts and reads. Its shares slipped 6% before being halted pending news.
Top blog: smithgee offers some insight into an oil and gas explorer the blogger believes is a “buy” following a recent sell off in the Gee's Stock Picksblog.
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
"People are worried about 30-odd-billion dollars leaving Britain and heading to currencies," said Larry Smith, chief investment officer of Third Wave Global Investors, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Cooper Tire & Rubber Co. (NYSE: CTB) |
Q4 |
$0.47 vs. $ - 1.01 |
|
| Hypercom (NYSE: HYC) |
Q4 |
$0.09 vs. $ - 1.40 |
|
| Staples (NASDAQ: SPLS) |
Q4 |
$0.39 vs. $0.36 |
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Bank of Montreal (TSX: T.BMO) |
Q1 |
$1.03 vs. $0.39 |
|
| GMP Capital (TSX: T.GMP) |
Q4 |
$0.17 vs. $ - 0.29 |
|
Today In The Markets
Positive economic news drives market gains
|
| DJIA |
10,403.79 |
+78.53 |
 |
|
| NASDAQ |
2,273.57 |
+35.31 |
|
|
| S&P500 |
1,115.71 |
+11.22 |
|
|
| S&P/TSX |
11,728.06 |
+98.43 |
|
|
| S&P/TSX Venture |
1,537.61 |
+6.42 |
|
|
Toronto & New York (The Canadian Press) – The Toronto stock market was higher on Monday amid signs that Canada's economy was surprisingly strong at the end of 2009 and a well-received report on the U.S. manufacturing sector.
The S&P/TSX composite index rose 78.1 points to 11,707.7.
The Dow Jones industrial average gained 76 points to 10,401.3.
The Nasdaq composite index was up 32.83 points to 2,271.09 while the S&P 500 index climbed 10.5 points to 1,115.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Rowan Companies (NYSE: RDC, Stock Forum)
The driller reported lower quarterly profit, but said that it’s seeing a pick up in activity for its rigs in the Gulf of Mexico, the Middle East and the North Sea. Rowan said earnings slipped to $60.8 million or 53 cents per share from $94.3 million or 83 cents a share in the year before period. Excluding items, Rowan posted earnings of 52 cents per share. Revenue was off as well, falling to $399.8 million from $613 million.
OSI Geospatial (TSX: T.OSI, Stock Forum)
The maker of software for military and security applications reported a Q4 net loss as its revenues fell 42% compared to the fourth quarter of 2008. The company said it lost $5.9 million or 12 cents per share, against net income of $873,000 or two cents per share in 2008. Revenue dropped to $4.7 million from $8.1 million. OSI recorded a charge of $4.5 million in its fourth quarter as the result of reduced operating forecasts and the sale of its soldier systems intellectual property.
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