Today on Stockhouse
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Frank Curzio of Growth Stock Wire presents what he claims are the best stock plays in China's coal boom.
While Jeb Handwerger debates whether year-end tax loss selling will impact gold and silver investors.
Top Bullboards post: “Predicts cash flow of around 270mil 2011. At today’s $2.43 makes the Co. worth 188mil. Cheeeaap! Growth of 30-40% for 2012. Cheeaap!!” From Tobuyornot on the Xinergy (TSX: T.XRG, Stock Forum) board.
Top Bullboard: Seafield Resources (TSX: V.SFF, Stock Forum) received the most reads and posts.
Top blog: goodinfo11 explains why the blogger believes this potash junior is so undervalued in the Goodinfo's Blog "About Nothing" blog.
For news about small stocks that made big moves in Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"The animal spirits of investors remain bullish," said Channing Smith, a money manager and managing director of Capital Advisors Inc., in an interview with Associated Press.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| AutoZone (NYSE: AZO) |
Q1 |
$3.40 vs. $2.82 |
|
| Casey's General Stores (NASDAQ: CASY) |
Q2 |
$0.77 vs. $0.66 |
|
| Men's Wearhouse (NYSE: MW) |
Q3 |
$0.47 vs. $0.37 |
|
| The Cooper Companies (NYSE: COO) |
Q4 |
$0.86 vs. $0.67 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| BMO Bank of Montreal (TSX: T.BMO) |
Q4 |
$1.21 vs. $1.13 |
|
| Canadian Western Bank (TSX: T.CWB) |
Q4 |
$0.47 vs. $0.39 |
|
| Evertz Technologies (TSX: T.ET) |
Q2 |
$0.28 vs. $0.23 |
|
|
|
Today In The Markets
Toronto Stock Exchange widens gains late Monday as gold hits new high
|
| DJIA |
11,362.19 |
-19.90 |
 |
|
| NASDAQ |
2,594.92 |
+3.46 |
 |
|
| S&P500 |
1,223.12 |
-1.59 |
|
|
| S&P/TSX |
13,276.01 |
+97.06 |
|
|
| S&P/TSX Venture |
2,127.73 |
+17.78 |
|
|
Toronto & New York (The Canadian Press) - The Toronto Stock Exchange closed with just under a triple-digit gain Monday as the price of precious metals rose into record territory, pushing the mining sector higher.
The S&P /TSX composite index added 97.06 points to 13,276.01. The TSX Venture Exchange was up 17.78 points at 2,127.73.
The Dow Jones industrial average lost 20 points to 11,362.19, the Nasdaq was up 3.46 points at 2,594.92 and the S&P 500 lost 1.59 points to 1,223.12.
There was mixed reaction to comments from U.S. Federal Reserve chairman Ben Bernanke , who said in an interview on the weekend that the American economy is still weak and that more stimulus measures were possible
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
The Pep Boys - Manny, Moe & Jack (NYSE: PBY, Stock Forum)
The Pep Boys - Manny, Moe & Jack, America’s leading automotive aftermarket service and retail chain, today announced results for the third quarter and nine months ended October 30, 2010. Sales for the third quarter of fiscal 2010 increased by 5.0%, to US$496.4 million from $472.6 million for the third quarter of fiscal 2009. Net earnings for the third quarter of fiscal 2010 more than doubled to $5.7 million ($0.11 per share) from $2.1 million ($0.04 per share) recorded in the same period last year.
Andina Minerals Inc. (TSX: V.ADM, Stock Forum)
Andina Minerals Inc. reported that it has issued, in accordance with its annual compensation review process, a total of 1,860,000 incentive share options to directors, officers, employees and consultants under the Company's share option plan. The options are exercisable into common shares of Andina at C$1.51 per share and have a five year term.