Today on Stockhouse
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Ticker Trax’s Thom Calandra writes about one investor who has taken a significant stake in this Planetary Prospect.
And, Larry D. Spears of Money Morning recommends eight semiconductor stocks to charge up your portfolio.
Top Bullboards post: “I have read this press release and noted a couple very interesting points. The company has "nearly 100,000 downloads" of BlipPlus. With FedEx offering this type of service to their customers, that can become very viral. Foursquare had financing in 2009 with 44,000 downloads at close to $7m in valuation, and in March of this year has a value of $100m - this is only a GPS social media application with no source of revenue in this case. The other point is the business applications the company is pursuing. They could be a clear leader in this arena for mobile applications. In addition to a great management team and product portfolio for risk diversification - the company as I have said is a real buy.” From James0071 on the Blackline GPS (TSX: V.BLN, Stock Forum) board.
Top Bullboard:Stem Cell Therapeutics (TSX: V.SSS, Stock Forum) received the most reads and the second-most posts on a day its share price slipped 6%.
Top blog:sydenham offers up another members’ gold property analysis for this junior in the Under the Radar 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
"Everyone is legitimately concerned about Europe, but I think the deeper concern is the markets themselves, that we can, without forewarning, have a flash crash. That was frightening to small investors and large sophisticated investors as well," said Hugh Johnson, chairman of Johnson Illington Advisors, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Applied Materials (NASDAQ: AMAT) |
Q2 |
$0.21 vs. $ - 0.12 |
|
| Brady Corp. (NYSE: BRC) |
Q3 |
$0.45 vs. $0.37 |
|
| Chico's FAS (NYSE: CHS) |
Q1 |
$0.20 vs. $0.11 |
|
| Deere & Co. (NYSE: DE) |
Q2 |
$1.09 vs. $1.11 |
|
| Gymboree (NASDAQ: GYMB) |
Q1 |
$0.97 vs. $0.74 |
|
| Limited Brands (NYSE: LTD) |
Q1 |
$0.19 vs. $0.01 |
|
| Target Corp. (NYSE: TGT) |
Q1 |
$0.86 vs. $0.69 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Canaccord Financial (TSX: T.CF) |
Q4 |
$0.17 vs. $0.07 |
|
|
|
Today In The Markets
Stocks move lower as Euro resumes selloff, Germany to ban type of short selling
|
| DJIA |
10,510.95 |
-114.88 |
 |
|
| NASDAQ |
2,317.26 |
-36.97 |
|
|
| S&P500 |
1,120.80 |
-16.14 |
|
|
| S&P/TSX |
11,764.51 |
-48.49 |
|
|
| S&P/TSX Venture |
1,540.46 |
-14.21 |
|
|
TORONTO-New York (The Canadian Press) - The Toronto stock market closed lower as the euro again succumbed to selling pressure on the latest wave of worry connected with the European government debt crisis.
The S&P/TSX composite index fell 48.49 points to 11,764.51.
Late in the day, the euro was at a four-year low of US$1.2212, reflecting investor sentiment that a US$1-trillion aid package doesn't go far enough in helping weak European countries deal with potential debt default.
Countries in the worst shape may have to gut spending, which could slow growth throughout the continent.
The Canadian dollar moved down 0.31 of a cent to 96.43 cents US, while oil dropped 67 cents to US$69.41 a barrel, its lowest level since September 2009.
The Dow Jones industrial average declined 114.88 points to 10,510.95, the Nasdaq composite index was off 36.97 points at 2,317.26 and the S&P 500 index was down 16.16 points at 1,120.78.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Hewlett-Packard Co.(NYSE: HPQ, Stock Forum)
Hewlett-Packard Co. reported financial results for its fourth fiscal quarter ended Oct. 31, 2009 Tuesday, with net revenue of US$30.8 billion, down 8% from a year earlier and down 5% when adjusted for the effects of currency. In the fourth quarter, GAAP diluted net earnings per share (EPS) were $0.99, compared with $0.84 in the prior-year period. Non-GAAP EPS were $1.14, compared with $1.03 in the prior-year period. “HP’s solid performance in services drove record profit, and the accelerated pace in signings creates strong momentum going into 2010,” said Mark Hurd, chairman and chief executive officer, HP
Richmont Mines Inc. (TSX: T.RIC, Stock Forum)
Richmont Mines Inc. said Tuesday it has entered into an acquisition agreement and an amalgamation agreement with Louvem Mines Inc. (TSX: V.LOV, Stock Forum) enabling Richmont to acquire all of the issued and outstanding shares of Louvem not currently owned by Richmont through an amalgamation. Richmont, which currently owns approximately 70% of the shares of Louvem, has a 50% interest in the Beaufor Mine and owns other exploration properties located near Vald'Or, in northwestern Quebec, Canada.