Today on Stockhouse
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Ticker Trax’s Thom Calandra writes about a black shale play that could strike it big.
And, Alexander Moschina of Investment U profiles a company set to dominate the biggest natural gas discovery in U.S. history.
Top Bullboards post: “Soil sampling and trenching news does not justify close to a 50% move overnight. Liquidated 30% of position at 60 cents into this strength. However, news does indicate drilling will begin by end of this month on 60 Mile so there is the potential for more gravy to come!” From HonestAbe on the Radius Gold (TSX: V.RDU, Stock Forum) board.
Top Bullboard: Vast Exploration (TSX: V.VST, Stock Forum) received the most reads, while ARISE Technologies (TSX: T.APV, Stock Forum) collected the most posts.
Top blog: MarcosEdge analyzes what the blogger considers to be a promising gold junior in the Goombarh's Edge 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
"Companies are not hiring because they don't know the rules of the game," said Frank Ingarra, co-portfolio manager of Hennessy Funds, in an interview with Associated Press. "When you don't know the rules, you pack up and go home."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Big Lots (NYSE: BIG) |
Q2 |
$0.47 vs. $0.35 |
|
| Burger King Holdings (NYSE: BKC ) |
Q4 |
$0.34 vs. $0.43 |
|
| Trina Solar (NYSE: TSL) |
Q2 |
$0.49 vs. $0.36 |
|
| VeriFone Systems (NYSE: PAY) |
Q3 |
$0.30 vs. $0.26 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Couche-Tard (TSX: T.ATD.B) |
Q1 |
$0.53 vs. $0.48 |
|
| Bank of Montreal (TSX: T.BMO) |
Q3 |
$1.21 vs. $0.97 |
Today In The Markets
TSX flat: PotashCorp rejects BHP Billiton bid, banks rise ahead of earnings
|
| DJIA |
10,174.41 |
-39.21 |
 |
|
| NASDAQ |
2,159.63 |
-20.13 |
|
|
| S&P500 |
1,067.36 |
-4.33 |
|
|
| S&P/TSX |
11,718.63 |
-3.44 |
|
|
| S&P/TSX Venture |
1,475.33 |
-4.29 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed little changed Monday with financials providing lift a day before the start of a slew of quarterly earnings from the big banks, while mining stocks dragged amid soft commodity prices.
The S&P/TSX composite index dipped 3.44 points to 11,718.63 while the TSX Venture Exchange was down 4.29 points at 1,475.33 amid lower than usual volumes.
In New York, the Dow Jones industrials lost 39.21 points to 10,174.41. The Nasdaq composite index lost 20.13 points to 2,159.63 while the S&P 500 was down 4.33 points to 1,067.36.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Absolute Software (TSX: T.ABT, Stock Forum)
After Monday’s close, the data protection software company reported a loss of $3.8 million, or eight cents a share, in the fourth quarter, compared with net earnings of $16.5 million, or 35 cents a share, during the same period last, when it recorded a one-time tax-related gain of $16.7 million. Revenue rose 16% to $16.6 million.