Today on Stockhouse
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Ticker Trax’s Thom Calandra believes junior prospectors are powered by the deal.
While Brent Cook of Exploration Insights explains why he thinks gold miners and explorers face serious supply problems.
Top Bullboards post: “Augen is in the process of placing a drill rig on their side of the discovery zone, just where I do not know...but they have identified some targets on their side of the fence. If I was them I would let TRR do more drilling and pick the right time and place to spot a drill close by....perhaps even let TRR do the drilling for them under a Joint-Venture Agreement. They will concentrate their drilling dollars on other targets in the vicinity....this would create a lot of investor interest and some excitement!” From digger144 on the Augen Gold (TSX: V.GLD, Stock Forum) board.
Top Bullboard: BonTerra Resources (TSX: V.BTR, Stock Forum) received the most posts and the most reads on a day its stock dropped 30%.
Top blog: goodinfo11 suggests members take a look at this potash junior, rumoured to be involved in a major JV deal in the Goodinfo's Blog "About Nothing" 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
“People look at China as a consumer of goods, a source for exports, so the ripple effect with trying to deliberately slow the economy, that’s the fear,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
 |
| Applied Materials (NASDAQ: AMAT) |
Q4 |
$0.31 vs. $0.11 |
|
| Chico's FAS (NYSE: CHS) |
Q3 |
$0.15 vs. $0.13 |
|
| Gymboree (NASDAQ: GYMB) |
Q3 |
$1.28 vs. $1.15 |
|
| Limited Brands (NYSE: WAG) |
Q3 |
$0.17 vs. $0.02 |
|
| NetApp (NASDAQ: NTAP) |
Q2 |
$0.49 vs. $0.37 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Loblaw (TSX: T.L) |
Q3 |
$0.78 vs. $0.69 |
|
| Metro Inc. (TSX: T.MRU.A) |
Q4 |
$0.83 vs. $0.78 |
|
| Tembec (TSX: T.TMB) |
Q4 |
$0.14 vs. $ - 0.17 |
|
Today In The Markets
Stock markets tumble amid Irish debt crisis, Chinese rate worries
|
| DJIA |
11,023.50 |
-178.47 |
 |
|
| NASDAQ |
2,469.84 |
-43.98 |
|
|
| S&P500 |
1,178.34 |
-19.41 |
|
|
| S&P/TSX |
12,602.231 |
-133.18 |
|
|
| S&P/TSX Venture |
1,922.87 |
-59.31 |
|
|
(The Canadian Press) TORONTO-NEW YORK - The Toronto stock market backed off as European government debt worries pushed the U.S. dollar higher and commodity prices sharply lower.
The S&P/TSX composite index fell 133.18 points to 12,602.23, while the Canadian dollar lost 1.29 cents to 97.83 cents US.
Resource stocks led the selloff as investors also worry that high inflation and a property boom will force China to up interest rates, leading to a slowing of the economy and less demand for commodities.
Oil fell $2.52 to US$82.34 a barrel.
Pressure mounted on Dublin to agree to an economic rescue deal as Ireland continues to stagger under the weight of nationalizing the country's banks after its real estate boom imploded.
New York's Dow Jones industrial average fell 178.47 points to 11,023.5. The Nasdaq composite index lost 43.98 points to 2,469.84, while the S&P 500 index was down 19.41 points at 1,178.34.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Boeing (NYSE: BA, Stock Forum)
announced that it has signed an agreement to acquire CDM Technologies, a software engineering company that specializes in real-time transportation and logistics planning systems for the U.S. military. The transaction will be effected through Boeing's Tapestry Solutions subsidiary. The acquisition supports Boeing's growth strategy for logistics command and control.
SOLARVEST BIOENERGY INC. (TSX: V.SVS, Stock Forum)
said its Charlottetown-based subsidiary, Solarvest (PEI) Inc., is pursuing an innovative, new source of renewable energy by generating hydrogen through algae production with the support of more than $377,000 from the federal government. Solarvest has proprietary technology that, for the first time, enables algae to produce hydrogen in a continuous cycle in a single vessel. The Government of Canada is investing $377,927 in this research and development project through ACOA's Business Development Program. Solarvest (PEI) Inc. is investing over $235,000