Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Brian Hunt of The Growth Stock Wire warns investors not to buy these mining stocks.
While Louis Basenese of Investment U believes Japanese small caps are the cheapest, safest stocks to invest in now.
Top Bullboards post: “There is some very good information in this report but there is one thing that is incorrect and needs to be corrected. I was lucky enough to talk to Mr. Davis when he was in town and the next deposit to be mined is the open pit gold mine, Bananghilig. They are trying to get it mined starting in later 2012 or early 2013 I believe. He says this also in his latest interview. This will probably be done with cash from company troffers if gold holds anywhere near current prices. Medusa should have close to $90 million in the bank by the end of this calendar year. They also have excess capacity at the current mill and can ramp to 130,000 ozejft when they have enough ore which will hopefully be soon.” From cadillacsam on the Medusa Mining (TSX: T.MLL, Stock Forum) board.
Top Bullboard:Global Earth Energy (OTC:BB: GLER, Stock Forum) collected the most posts and the second-most reads.
Top blog: LocoToro outlines the blogger’s favourite Latin American copper/gold juniors in the Nada Mierda de Toro blog.
Word on Wall Street
"Right now the U.S. financial markets are trading very much out of fear and not any fundamentals," said Guy LeBas, chief fixed income strategist of Janney Montgomery Scott in an interview with Associated Press.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| AutoZone (NYSE: AZO) |
Q3 |
$3.58 vs. $3.13 |
|
| DSW Inc. (NYSE: DSW) |
Q1 |
$0.49 vs. $0.16 |
|
| HEICO Corp. (NYSE: HEI) |
Q2 |
$0.34 vs. $0.31 |
|
| Medtronic (NYSE: MDT) |
Q4 |
$0.88 vs. $0.82 |
|
| Netezza Corporation (NYSE: NZ) |
Q1 |
$0.05 vs. $0.00 |
|
|
Today In The Markets
Late slide in financial stocks hits stock market
|
| DJIA |
10,066.57 |
-126.82 |
 |
|
| NASDAQ |
2,213.55 |
-15.49 |
|
|
| S&P500 |
1,073.65 |
-14.04 |
|
|
| S&P/TSX |
11,521.35 |
N/A |
 |
|
| S&P/TSX Venture |
1,453.39 |
N/A |
|
|
NEW YORK (AP) -- Financial companies dragged stocks lower Monday as already anxious investors grew even more uncertain about the U.S. government's financial overhaul plan and debt problems in Europe.
The Dow fell 126.82, or 1.2 percent, to 10,066.57, its lowest close since Feb. 10. The broader Standard & Poor's 500 index fell 14.04, or 1.3 percent, to 1,073.65, and the technology-dominated Nasdaq composite index fell 15.49, or 0.7 percent, to 2,213.55.
Please click here for the complete U.S. market summary.
After-Hours News
Phillips-Van Heusen(NYSE: PVH, Stock Forum)
After Monday’s close, the apparel maker posted a first-quarter loss of $27.6 million, or 53 cents a share, due to charges relating to its purchase of Tommy Hilfiger. In the year-ago period, the company made $24.7 million, or 53 cents a share. Excluding items, the company would have earned 83 cents a share, above the analyst consensus estimate of 79 cents a share. Sales rose to $619 million from $557.4 million, better than Wall Street’s expectation of $594.7 million.
|