Today on Stockhouse
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Ticker Trax’s Thom Calandra shares his thoughts on alternative energy and moly.
While Larsen Kusick of Growth Stock Wire believes these geothermal energy stocks could suddenly double in value.
Top Bullboards post: “2560oz/ton....................160lbs/ton...................72.5 kilos/ton over a substantial area. I've never heard of numbers like this. Sounds like they are picking up nuggets off the ground. This should be flying. Wait until the news really gets out. Should be a modern day gold rush, and we are in on it. GLTA.” From doer on the Great Basin Gold (TSX: T.GBG, Stock Forum) board.
Top Bullboard: Gold Bullion Development (TSX: V.GBB, Stock Forum) received the most reads.
Top blog: LexLuthor2 offers up a mining exploration stock pick that lies beside an elephant deposit in the Lex Corp blog.
For news about small stocks that made big moves in Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"The market is still being driven by the Fed's actions and it will be for a while," said Dirk van Dijk, the senior equity strategist at Zacks.com, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Advance Auto Parts (NYSE: AAP) |
Q3 |
$0.90 vs. $0.69 |
|
| Cisco Systems (NASDAQ: CSCO) |
Q1 |
$0.40 vs. $0.36 |
|
| Tandy Brands Accessories (NASDAQ: TBAC) |
Q1 |
$0.24 vs. $ - 0.36 |
|
| ZAGG Incorporated (NASDAQ: ZAGG) |
Q3 |
$0.13 vs. $0.04 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Endeavour Silver (TSX: T.EDR) |
Q3 |
$0.05 vs. $ - 0.04 |
|
| Finning (TSX: T.FTT) |
Q3 |
$0.29 vs. $0.13 |
|
| Quadra FNX (TSX: T.QUX) |
Q3 |
US$0.27 vs. $0.23 |
|
Today In The Markets
TSX closes negative amid falling commodity stocks; gold at new record high
|
| DJIA |
11,346.75 |
-60.09 |
 |
|
| NASDAQ |
2,562.98 |
-17.07 |
|
|
| S&P500 |
1,213.40 |
-9.85 |
|
|
| S&P/TSX |
12,916.63 |
-135.85 |
|
|
| S&P/TSX Venture |
2,005.03 |
-36.81 |
|
|
(The Canadian Press) TORONTO-NEW YORK - The Toronto stock market closed sharply lower Tuesday as investors took profits following a sharp run of gains while gold moved further into record territory.
The S&P/TSX composite index closed down 135.85 points at 12,916.63 led by losses in financial, telecom and base metal stocks.
The key index has jumped about three per cent over the last six sessions to its highest level since early September 2008 — just before the financial crisis worsened with the collapse of Lehman Bros.
The TSX Venture Exchange was down 36.81 points at 2,005.03.
New York markets were also lower with the Dow Jones industrial average 60.09 points lower at 11,346.75.
The Nasdaq composite index slid 17.07 points to 2,562.98 while the S&P 500 index was down 9.85 points at 1,213.4.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Tesla Motors, Inc. (NASDAQ: TSLA, Stock Forum) announced its preliminary unaudited financial results for the quarter ended September 30, 2010. Revenues for the third quarter of 2010 were $31.2 million, compared to $45.5 million in the year earlier period. The company posted a net loss of $34.9 million or 38 cents a share in the quarter, down from $4.6 million or 66 cents in the year ago period.
Drift Lake Resources Inc. (TSX: V.DLA, Stock Forum) and Northbrook Energy, LLC have entered into a non-binding letter of intent dated as of November 4, 2010 providing for a business combination of the two companies. Northbrook is a private company engaged in the acquisition, exploration and development of oil and gas properties in Texas. It is also seeking to acquire additional exploration opportunities in Latin America. Drift Lake is engaged in the acquisition, exploration and development of mineral resource properties in Canada.