Today on Stockhouse
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Jeff Clark of Casey Research offers up a New Year's resolutions for your gold portfolio.
While Jeb Handwerger describes how the Russians are grabbing uranium assets in the U.S.
Top Bullboards post: “The U sector is heating up and BAN is still flying under the radar. I'm seeing a lot of other junior names being thrown around by the analysts but BAN rarely gets a mention. BAN will fly when the market wakes up and realizes they are sitting on one of the largest undeveloped Uranium deposits in the world - 212M lbs in extremely mining-friendly Namibia; easy open pit mining; flat Opex over life of mine (+20 yrs) and set for production in 2013 corresponding with where most analysts are forecasting peak demand (much higher U prices) … WE SHOULD BE TRADING AT $2.30/SHARE!” From rotten2core on the Bannerman Resources (TSX: T.BAN, Stock Forum) board.
Top Bullboard:Allana Potash (TSX: V.AAA, Stock Forum) received the most reads and posts on a day its stock popped more than 23%.
Top blog: thedave2006 says this uranium junior seems undervalued in the Thedave2006 Investment Ideas 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
"This is a non-event day. Tomorrow's focus will be on the (U.S.) earnings front," said Francis Campeau, a broker at MF Global Canada in an interview with Reuters, citing flat commodity prices and European indexes, with U.S. markets closed for the Martin Luther King holiday."Expect tiny volumes within a tiny range today ... there is not any momentum."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Apple (NASDAQ: AAPL) |
Q1 |
$5.38 vs. $3.67 |
|
| Citigroup (NYSE: C) |
Q4 |
$0.08 vs. $ - 0.33 |
|
| Cree (NASDAQ: CREE) |
Q2 |
$0.58 vs. $0.38 |
|
| International Business Machines (NYSE: IBM) |
Q4 |
$4.08 vs. $3.59 |
|
Today In The Markets
Base metal stocks lead TSX lower; banks dip as feds tighten mortgage lending
|
| DJIA |
11,787.38 |
N/A |
 |
|
| NASDAQ |
2,755.30 |
N/A |
|
|
| S&P500 |
1,293.24 |
N/A |
|
|
| S&P/TSX |
13,440.11 |
-23.95 |
 |
|
| S&P/TSX Venture |
2,275.45 |
+4.49 |
 |
|
Toronto & New York (The Canadian Press) - Commodity stocks led the way to a negative session on the Toronto stock market Monday while traders considered how bank stocks might be affected by moves by Ottawa to curb excessive borrowing on homes.
The S&P/TSX composite index declined 23.95 points to 13,440.11 while the TSX Venture Exchange gained 4.49 points to 2,275.45.
New York markets were closed for the Martin Luther King holiday.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Ginguro Exploration Inc. (TSX: V.GEG, Stock Forum)
Ginguro Exploration Inc. announced that it has started its winter drill program at its Ontario paleoplacer gold properties near Sudbury. The three paleo placer gold properties consist of the Pardo property, the Four Corners property and the Grigg/Stobie property. Drilling has started at the Grigg property and will progress on to Four Corners and Pardo in the coming weeks.