Today on Stockhouse
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Ticker Trax’s Thom Calandra describes the mining merger fireworks happening in Mexico.
This as Matt Badiali of Growth Stock Wire believes this newest commodities bull market will produce quick triple digit gains.
Top Bullboards post: Irulecrap provides some helpful visuals for investors interested in the uranium properties in Saskatchewan owned by Hathor Exploration (TSX: V.HAT, Stock Forum) and Terra Ventures (TSX: V.TAS, Stock Forum).
Top Bullboard: Bayfield Ventures (TSX: V.BYV, Stock Forum) received the second-most reads and the third-most posts on a day its stock price slid more than 17%.
Top blog: trytomakeabuck shows members the performance of three stock picks made in September in the 3 STOCKS POISED TO MOVE blog.
For news about small stocks that made big moves in Thursday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“Clearly earnings have been coming in relatively well compared to the consensus, but the market’s also moved up pretty substantially and you get into some of these questions about whether these numbers were priced in,” said Jeff Morris, head of U.S. equities at Standard Life Investments, in an interview with MarketWatch. “The market is starting to look at their ultimate earnings power and questioning do we have all the ingredients.”
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Dover Corp. (NYSE: DOV) |
Q3 |
$0.90 vs. $0.58 |
|
| Microtune (NASDAQ: TUNE) |
Q3 |
$0.03 vs. $ - 0.05 |
|
| Schlumberger (NYSE: SLB) |
Q3 |
$0.70 vs. $0.65 |
|
| Snap-on (NYSE: SNA) |
Q3 |
$0.68 vs. $0.44 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Shaw Communications (TSX: T.SJR.B) |
Q4 |
$0.34 vs. $0.29 |
|
|
Today In The Markets
TSX closes lower despite solid earnings, data showing strong Chinese growth
|
| DJIA |
11,146.57 |
+38.60 |
 |
|
| NASDAQ |
2,459.67 |
+2.28 |
|
|
| S&P500 |
1,180.26 |
+2.09 |
|
|
| S&P/TSX |
12,599.23 |
-50.69 |
 |
|
| S&P/TSX Venture |
1,860.85 |
-10.45 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed lower Thursday as falling energy prices and stocks overshadowed data showing continued strong growth in China.
The S&P/TSX composite index lost 50.69 points to 12,599.23, also held back by falling gold stocks, while the TSX Venture Exchange was down 10.45 points at 1,860.85.
New York's Dow Jones industrial average gained 38.6 points to 11,146.57.
The Nasdaq composite index was up 2.28 points at 2,459.67, while the S&P 500 index was 2.09 points higher at 1,180.26.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Amazon.com, Inc. (NASDAQ: AMZN, Stock Forum)
Amazon.com, Inc. announced financial results for its third quarter ended September 30, 2010. Net sales increased 39% to $7.56 billion in the third quarter, compared with $5.45 billion in third quarter 2009. Net income increased 16% to $231 million in the third quarter, or $0.51 per diluted share, compared with net income of $199 million, or $0.45 per diluted share, in third quarter 2009.
Angle Energy Inc. (TSX: T.NGL, Stock Forum)
Angle Energy Inc. said it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc., which have agreed to purchase, on a bought deal basis, 2,488,000 flow-through common shares of Angle at a price of $10.05 per flow-through share, for aggregate gross proceeds of approximately $25 million.
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