Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Marc Davis of BNWnews.ca believes Allana Potash (AAA) is 'in play'.
While Stockhouse’s own crack reporter Peter Kennedy describes how Fire River is tackling the complex geology in Alaska.
Top Bullboards post: “I still don't think the market has absorbed the significance of this news. 900 m step out has all kinds of expansion possibilities at this stage possibly doubling or tripling the resource.” From FoxTek1 on the Lydian International (TSX: T.LYD, Stock Forum) board.
Top Bullboard: Gold Bullion Development (TSX: V.GBB, Stock Forum) received the second-most reads and the third-most posts.
Top blog: kanadaka alerts members to some aggressive insider buying of this uranium junior in the Trading Opportunities in Mining & Mineralsblog.
For news about small stocks that made big moves in Tuesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Market pessimism in the very near-term has hit a nadir," said John Brady, a senior vice president at MF Global, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Calavo Growers (NASDAQ: CVGW) |
Q3 |
$0.41 vs. $0.17 |
|
| Collective Brands (NYSE: PSS) |
Q2 |
$0.46 vs. $0.29 |
|
| Greif, Inc. (NYSE: GEF) |
Q3 |
$1.21 vs. $0.88 |
|
| HJ Heinz Co. ( (NYSE: HNZ) |
Q1 |
$0.73 vs. $0.67 |
|
| Oxford Industries (NYSE: OXM) |
Q2 |
$0.35 vs. $0.30 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Bombardier (TSX: T.BBD.B) |
Q2 |
$0.08 vs. $0.11 |
|
| Harry Winston (TSX: T.HW) |
Q2 |
$0.05 vs. $ - 0.68 |
|
Today In The Markets
TSX slightly higher amid Scotiabank earnings disappointment, sliding oil prices
|
| DJIA |
10,014.72 |
+4.989 |
 |
|
| NASDAQ |
2,114.03 |
-5.94 |
 |
|
| S&P500 |
1,049.33 |
+0.41 |
|
|
| S&P/TSX |
11,913.86 |
+18.311 |
|
|
| S&P/TSX Venture |
1,499.63 |
+2.46 |
|
|
(The Canadian Press) TORONTO-NEW YORK - The Toronto stock market closed slightly higher as gains in mining stocks balanced losses in energy stocks, which fell amid another slide in oil prices.
The S&P/TSX composite index was 18.31 points higher at 11,913.86, with financial stocks also weak following an earnings disappointment from Scotiabank (TSX:BNS, Stock Forum).
The TSX Venture Exchange was up 2.46 points at 1,499.63.
New York's Dow Jones industrial average inched up 4.99 points to 10,014.72, the Nasdaq composite index declined 5.94 points to 2,114.03 while the S&P 500 index added 0.41 of a point to 1,049.33.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
PerkinElmer, Inc. (NYSE: PKI, Stock Forum)
a global leader focused on improving the health and safety of people and the environment, says it has agreed to sell its Illumination and Detection Solutions (IDS) business to Veritas Capital Fund III, L.P., a New York-based private equity firm, for approximately US$500 million in cash ($482 million net of payment for acquired cash balances).
Paget Minerals Corp. (TSX: V.PGS, Stock Forum)
said it has entered into an agreement with TTM Resources Inc. (TSX: V.TTQ, Stock Forum) whereby TTM can acquire a 100% mineral interest in the Ben molybdenum property in the Nechako Basin, central B.C. The property consists of four mineral claims that lie south of and adjacent to TTM's Chu molybdenum project currently under active exploration by TTM. Paget will receive 200,000 shares of TTM, $32,880 for expenses incurred. TTM has agreed to spend up to $500,000 on the property within a period of 12 months.