Today on Stockhouse
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David Fessler of Investment U believes Petrobras (PBR) shares are on sale.
While Jeb Handwerger makes a case for owning shares of New Gold (NGD).
Top Bullboards post: Boomba offers an interesting look at what could be a better way to mine potash.
Top Bullboard: Vast Exploration (TSX: V.VST, Stock Forum) received the most reads and the third-most posts.
Top blog: littleguy123 provides a provocative piece on how to identify a bubble in the Outside the Market blog.
Word on Wall Street
"Every component in ISM was greater than 50," said Cort Gwon, director of trading strategies and research at FBN Securities, in an interview with Associated Press. "To have all of them up is a good sign."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Archer Daniels Midland (NYSE: ADM) |
Q4 |
$0.52 vs. $0.20 |
|
| Boise (NYSE: BZ) |
Q2 |
$0.14 vs. $0.00 |
|
| CBS Corporation (NYSE: CBS) |
Q2 |
$0.21 vs. $0.08 |
|
| Dow Chemical Company (NYSE: DOW) |
Q2 |
$0.56 vs. $0.05 |
|
| Mastercard (NYSE: MA) |
Q2 |
$3.33 vs. $2.67 |
|
| Pfizer (NYSE: PFE) |
Q2 |
$0.52 vs. $0.48 |
|
| Whole Foods Market (NASDAQ: WFMI) |
Q3 |
$0.37 vs. $0.25 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Saputo (TSX: T.SAP) |
Q1 |
$0.50 vs. $0.41 |
|
Today In The Markets
Wall St hits 10-week high on energy
|
| DJIA |
10,674.38 |
+208.44 |
 |
|
| NASDAQ |
2,295.36 |
+40.66 |
|
|
| S&P500 |
1,125.86 |
+24.26 |
|
|
| S&P/TSX |
11,713.43 |
N/A |
 |
|
| S&P/TSX Venture |
1,427.36 |
N/A |
|
|
TORONTO-NEW YORK (The Canadian Press) - NEW YORK (Yahoo Finance) - U.S. stocks closed at their highest level in 10 weeks on Monday and the S&P 500 pierced key technical levels as a weaker U.S. dollar lifted the energy and raw materials sectors.
The Dow Jones industrial average gained 208.44 points, or 1.99 percent, to 10,674.38. The Standard & Poor's 500 Index advanced 24.26 points, or 2.20 percent, to 1,125.86. The Nasdaq Composite Index rose 40.66 points, or 1.80 percent, to 2,295.36.
Please click here for the complete U.S. and Canadian market summaries.