Today on Stockhouse
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Chris Vermeulen looks at why traders should pay attention to volume
Brian Hunt explains who to buy silver at a discount of up to 20%.
Thom Calandra dials in to the BioCryst conference call
Top Bullboards post: “I am waiting for Pat Sheridan to issue himself a 10-year no cut contract,’’ said richkat in the Goldstone Resources Inc. (TSX: T.GRC, Stock Forum) board.
Top Bullboard: Slam Exploration Ltd. (TSX: V.SXL, Stock Forum) was the most posted bullboard and received the highest number of reads.
Top blog: MrSpecexplains why bullion prices could spike in the It’s hard not being a gold bug blog.
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
"It's all about tomorrow," said Joe Saluzzi, co-head of equity trading at Themis Trading LLC in Chatham, N.J. during an interview with The Associated Press. "The market loves stimulus. The market wants stimulus."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Applied Industrial Tech. (NYSE: AIT) |
Q4 |
$0.39 vs. $0.35 |
|
| BPZ Resources Inc. (NYSE: BPZ) |
Q2 |
-$0.02 vs -$0.10 |
|
| Cree Inc. (NASDAQ: CREE) |
Q4 |
$0.51 vs $0.18 |
|
| Delta Petroleum (NASDAQ: DPTR) |
Q2 |
-$0.09 vs -$0.89 |
|
| Fossil Inc. (NASDAQ: FOSL) |
Q2 |
$0.34 vs $0.25 |
|
| Walt Disney Co. (NYSE: DIS) |
Q3 |
$0.58 vs $0.52 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| CI Financial (TSX: T.CIX) |
Q3 |
$0.28 vs $0.20 |
|
| First Quantum (TSX: T.FM) |
Q2 |
US$2.28 vs US$1.31 |
|
Today In The Markets
Stocks rise on optimism that U.S. Fed will restart economic stimulus measures
|
| DJIA |
10,698.75 |
+45.19 |
 |
|
| NASDAQ |
2,305.69 |
+17.22 |
|
|
| S&P500 |
1,127.79 |
+6.15 |
|
|
| S&P/TSX |
11,863.56 |
+63.59 |
|
|
| S&P/TSX Venture |
1,469.03 |
+3.55 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market advanced amid investor hopes that uneven economic performance will persuade the U.S. Federal Reserve to restart some stimulus programs.
The S&P/TSX composite index moved up 63.59 points to 11,863.56.
The index also got a push upwards from Research In Motion (TSX:RIM) on word the BlackBerry maker could have a deal in the works that would satisfy the security concerns of the Saudi Arabian government. RIM shares gained about 3.5 per cent.
The Canadian dollar rose 0.11 of a cent to 97.4 cents US while oil gained 78 cents to US$81.48 a barrel.
A day before the Fed makes its next announcement on interest rates, New York's Dow Jones industrials finished 45.19 points higher to 10,698.75.
The Nasdaq rose 17.22 points to 2,305.69 and the S&P 500 index climbed 6.15 points to 1,127.79.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Lionsgate (NYSE: LGF, Stock Forum)
Lionsgate reported its financial results for the first quarter ended June 30, 2010. The company posted a first quarter net loss of $64.1 million or 54 cents a share, compared to a net profit of $36.3 milion or 30 cents a share in the same period last year. The company said revenue in the quarter fell to $326.6 million from $379.2 million.
Seabridge Gold (TSX: T.SEA, Stock Forum)
Seabridge Gold has filed its second quarter financial results for the second quarter ended June 30, 2010. During the quarter, Seabridge posted a net loss of $1.6 million or 4 cents a share, compared to a loss of $1.3 million or 3 cents a share for the same period last year. The company has $47.4 million in working capital and $11 million invested in a two-year Canadian bank guaranteed note.