Today on Stockhouse
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Andrew Mickey of Q1 Publishing outlines John Paulson's high-performance gold strategy.
While Matt Badiali of Growth Stock Wire describes the largest U.S. oil discovery since Prudhoe Bay.
Top Bullboards post: “I expect feas study by Dec 1. This thing should be actionable quickly, in my opinion. Even though the company won't give an exact date, I get the feeling that it is going to be sooner rather than later. We should be able to see a valuation in the range of 1/3 of the # stated on the bankable study. My sense is we should go higher on the news, and maybe even north of $.45-.50 if it's what I think it is. Good luck. May the force be with ya.” From on the Avanti Mining (TSX: V.AVT, Stock Forum) board.
Top Bullboard: Western Coal (TSX: T.WTN, Stock Forum) received the most reads and posts on a day its share price soared 45%.
Top blog: Risktaker77 provided some new junior mining stock picks in the Risky Picks... 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
“For now the market is ignoring higher rates while it celebrates the GM IPO and the big number on the Philly Fed survey,” said Elliot Spar, market strategist at Stifel, Nicolaus & Co., in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
 |
| America's Car-Mart (NASDAQ: CRMT) |
Q2 |
$0.65 vs. $0.53 |
|
| AnnTaylor Stores (NYSE: ANN) |
Q3 |
$0.34 vs. $0.20 |
|
| HJ Heinz Co. (NYSE: HNZ) |
Q2 |
$0.76 vs. $0.76 |
|
| Top Ships (NASDAQ: TOPS) |
Q3 |
$0.13 vs. $0.01 |
|
| Yingli Green Energy (NYSE: YGE) |
Q3 |
$0.36 vs. $0.12 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| None expected |
|
|
|
Today In The Markets
TSX surges, investors breathe sigh of relief on signs Irish bailout to go ahead
|
| DJIA |
11,181.231 |
+173.35 |
 |
|
| NASDAQ |
2,514.40 |
+38.39 |
|
|
| S&P500 |
1,196.69 |
+18.10 |
|
|
| S&P/TSX |
12,870.01 |
+212.18 |
 |
|
| S&P/TSX Venture |
1,987.63 |
+33.64 |
|
|
(The Canadian Press) TORONTO-NEW YORK - The Toronto stock market surged more than 200 points Thursday afternoon in a broad-based rally sparked by growing confidence that Ireland will resolve its debt crisis.
The S&P/TSX composite index jumped 221.6 points to 12,879.4 as investors also took in major dealmaking in the mining sector and the relaunch of General Motors as a publicly traded company in New York and Toronto.
TSX Venture Exchange gained 35.53 points to 1,989.52.
New York markets were also lifted by U.S. data on weekly jobless insurance claims which came in better than expected, with the four-week average falling to its lowest level since late 2008.
The Dow Jones industrial average gained 176 points to 11,183.8.
The Nasdaq composite index was ahead 46.38 points to 2,522.39 while the S&P 500 index ran up 20.4 points to 1,199.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Foot Locker, Inc. (NYSE: FL, Stock Forum), the New York-based specialty athletic retailer, reported financial results for its third quarter ended October 30, 2010. Net income for the third quarter was US$52 million, or $0.33 per share. This compares with a net loss of $6 million, or $0.04 per share, in the prior-year period, Third quarter sales increased 5.4 percent, to $1.28 billion this year, compared with sales of $1.2 billion for the corresponding prior-year period. Comparable-store sales increased 8.1 percent in the third quarter.
Crown Gold Corp. (TSX: V.CWM, Stock Forum) is pleased to announce it has entered into a memorandum of understanding with American Mining Corp., a private Nevada corporation, along with Versatech Capital for Mining, a private Nevada corporation, to provide processing at AMC's facility in the vicinity of Crown's flagship Monte Cristo property, near Tonopah, NV. The MOU also applies to Crown's other Nevada properties, including Sugarloaf Peak.