Today on Stockhouse
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Ticker Trax’s Thom Calandra writes abouta Texas oil junior and a British Guyana gold and copper clan.
And, Jason Simpkins of Money Morning discusses Afghanistan's mineral wealth and wonders whether it is a commodities curse or a nation’s rebirth.
Top Bullboards post: “AREVA purchased "Trekkopje and Klein Trekkopje" by paying USD $2.5 Billion to acquire Uramin Inc. The project is expected to be in production in 2010, with full production in 2011.Trekkopje grades 0.013% U3O8 and is hosted in mostly hard rock where 80% requires drilling and blasting. In contrast, Blue Sky's "ANIT" is hosted in sand and gravel and grades 0.03%.” From stockvader on the Blue Sky Uranium (TSX: V.BSK, Stock Forum) board.
Top Bullboard:Spider Resources (TSX: V.SPQ, Stock Forum) once again received the most reads and posts.
Top blog:LexLuthor2 recommends a gold junior that the blogger believes could be a five million ounce plus discovery in the Lex Corp 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
"It's a lot of sideways trading. We still remain dependent upon what is going on in Europe, and there is chatter of the [European Central Bank] arranging a bailout for Spain," said John Brady, senior vice president at MF Global, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Actuant Corporation (NYSE: ATU) |
Q3 |
$0.27 vs. $0.20 |
|
| J. M. Smucker Company (NYSE: SJM) |
Q4 |
$0.80 vs. $1.02 |
|
| SMART Modular Technologies (NASDAQ: SMOD) |
Q3 |
$0.18 vs. $ - 0.01 |
|
| Smithfield Foods (NYSE: SFD) |
Q4 |
$0.20 vs. $ - 0.55 |
|
| Winnebago Industries (NYSE: WGO) |
Q3 |
$0.04 vs. $ - 0.29 |
|
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Today In The Markets
TSX little changed following big gains; N.Y. weak amid housing data
|
| DJIA |
10,409.46 |
+4.69 |
 |
|
| NASDAQ |
2,305.93 |
+0.05 |
 |
|
| S&P500 |
1,114.61 |
-0.62 |
 |
|
| S&P/TSX |
11,921.05 |
+13.51 |
|
|
| S&P/TSX Venture |
1,461.86 |
+0.35 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed slightly higher as hopes for improving economic conditions attracted buyers for industrial and base metal stocks while investors digested the big gain of the previous session.
The S&P/TSX composite index closed up 13.51 points at 11,921.05 following a 240-point jump Tuesday. The Canadian dollar was down 0.03 of a cent at 97.52 cents US.
The base metals sector led advancers while copper prices eased.
The TSX energy sector was slightly higher as oil moved up 73 cents to US$77.67 barrel despite data showing rising U.S. crude inventories.
New York markets were mixed amid data showing U.S. home construction plunged last month to the lowest level since December.
The Dow Jones industrial average was ahead 4.69 points at 10,409.46.
The Nasdaq composite index added 0.05 of a point to 2,305.93 while the S&P 500 index fell 0.62 of a point to 1,114.61.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
CAE (TSX: T.CAE, Stock Forum)
CAE has won several recent military contracts valued at more than $100 million, including a contract to perform a major upgrade to the Puma helicopter training program at CAE’s Medium Support Helicopter Aircrew Training Facility (MSHATF) in the United Kingdom as well as a contract to build a new C-130H simulator for an undisclosed customer. We are continuing to see excellent opportunities for CAE’s extensive portfolio of products and services as militaries extend their use of modelling and simulation to support analysis, training and operations,” said Martin Gagne, CAE’s Group President, Military Products, Training and Services.
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