Stockhouse @ the Bell: Stocks up on corporate earnings

Today on Stockhouse

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Ticker Trax’s Thom Calandra explains what the New Orleans Investment Conference might mean for gold and politics.

Top Bullboards post: “10 holes still pending … Assay results for the remainder of Hole ICE10028 and all other drill holes (ICE10029 through ICE10039) remain pending. The turnaround on assay results has been slower than was expected for the program, due to the extraordinary amount of exploration activity in the Yukon and surrounding region this season.” From 6furlongs on the AM Gold Inc. (TSX: V.AMG, Stock Forum) board.

Top Bullboard: Copper Fox Metals (TSX: V.CUU, Stock Forum) received the most reads and posts.

Top blog: Iamwcw writes about what the blogger considers to be an interesting energy junior getting the bang for the buck on its exploration in the Canadian Junior Energy Sector blog.

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

“We just heard about Walgreen’s profits rising and there is a great deal of M&A, so companies are seeing bargains out there even with the significant run-up we had in September on a valuation basis,” said Art Hogan, chief market strategist at Jefferies & Co., in an interview with MarketWatch.

Today In The Markets

Gold sends TSX higher after drop in consumer confidence; RIM lower

DJIA	10,858.14	+46.10
NASDAQ	2,379.59	+9.82
S&P500	1,147.70	+5.54
S&P/TSX	12,278.88	+88.28
S&P/TSX Venture	1,703.11	+8.48

TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed higher as gold stocks strengthened and investors looked past data showing sharply deteriorating U.S. consumer confidence.

But investors punished Research In Motion, pushing its stock lower a day after the debut of its new PlayBook tablet computer.

The S&P/TSX composite index added 88.28 points to 12,278.88, while the Canadian dollar was down 0.18 of a cent to 97.07 cents US.
Bullion rose $9.70 to a record close of US$1,308.30 an ounce.

Oil closed down 34 cents to US$76.18 a barrel.

New York markets were higher even as the U.S. Conference Board's Consumer Confidence Index for September dropped to its lowest point since February.

The Dow Jones industrial average moved points 46.10 higher to 10,858.14.

The Nasdaq composite index gained 9.82 points to 2,379.59, while the S&P 500 index rose 5.54 points to 1,147.70.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

Sealy Corp. (NYSE: ZZ, Stock Forum)
Sealy Corp., the bedding industry's largest global bedding manufacturer, announced results for its third quarter of fiscal year 2010. Net sales for the third fiscal quarter were $346.2 million, down from $349.6 million in the same prior year period. The net loss for the third quarter was $15.8 million or $0.16 per diluted share, compared to a year earlier profit of $12 million or 13 cents per share.

North American Tungsten Corp. Ltd. (TSX: V.NTC, Stock Forum)
North American Tungsten Corp. Ltd. is pleased to announce the mineral reserve at the Cantung Mine as of September 1, 2010 has increased to 1.693 million tons probable reserves from the July 2009 probable reserve of 1.021 million tons (see news releases dated August 18, 2009 and October 1, 2009). This extends the life of the Cantung mine to over four years at its current mill capacity. The mine is located in the Nahanni area of the western Northwest Territories, about 300 kilometres by road northeast of Watson Lake.