Today on Stockhouse
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Ticker Trax’s Thom Calandra describes some of the junior resource companies, events, and projects he’s hustling after.
And, Dr. Steve Sjuggerud of DailyWealth believes Silver Wheaton (SLW) stock is a double in waiting.
Top Bullboards post: “Cr: 450.000 tonnes in historical estimates, and the eastern limb has been confirmed for over 400 meters strike length, near Neli. So next drill programme (starting in Feb) will continue to test the high-grade chromite veins, and they'll probably start stockpiling already, as they are allowed to do so under the Albanian mining law. And I think you're a little confused, Bursa copper is in Turkey, and this was the first drillhole in a long time, the main project is the Bulqiza-Batra project in Albania.” From MrLaw on the Empire Mining (TSX V.EPC, Stock Forum) board.
Top Bullboard:Prophecy Resource (TSX: V.PCY, Stock Forum) received the second-most reads and posts on a day its share price rose more than 8%.
Top blog: LexLuthor2 advises members to buy this gold junior in the Lex Corp 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
“Given today’s resiliency in the face of Apple and Citi, the bulls are still in charge,” said Elliot Spar, market strategist at Stifel Nicolaus, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| eBay Inc. (NASDAQ: EBAY) |
Q4 |
$0.47 vs. $0.44 |
|
| Goldman Sachs Group (NYSE: GS) |
Q4 |
$3.79 vs. $8.20 |
|
| Raymond James Financial (NYSE: RJF) |
Q1 |
$0.53 vs. $0.39 |
|
| Wells Fargo & Company (NYSE: WFC) |
Q4 |
$0.61 vs. $0.08 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Diagnocure (TSX: T.CUR) |
Q4 |
$ - 0.03 vs. $ -0.07 |
|
| Viterra (TSX: T.VT) |
Q4 |
$0.08 vs. $0.00 |
|
|
Today In The Markets
TSX jumps to highest close since summer '08; loonie lower, rates left unchanged
|
| DJIA |
11,837.93 |
+50.55 |
 |
|
| NASDAQ |
2,765.85 |
+10.55 |
|
|
| S&P500 |
1,295.02 |
+1.78 |
|
|
| S&P/TSX |
13,559.20 |
+119.09 |
|
|
| S&P/TSX Venture |
2,292.51 |
+17.06 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market was higher Tuesday as a weak U.S. dollar helped lift commodity prices while investors also took in a decision by the Bank of Canada to leave its key interest rate unchanged at one per cent.
The S&P /TSX composite index jumped 119.09 points to 13,559.2 — its highest close since late August, 2008 — while the TSX Venture Exchange was ahead 17.06 points at 2,292.51.
New York markets were higher ahead of earnings reports after the close from IBM and, particularly, Apple Inc.
The Dow Jones industrial average was up 50.55 points at 11,837.93.
The Nasdaq composite index was 10.55 points higher at 2,765.85 while the S&P 500 index rose 1.78 points to 1,295.02.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Apple Inc. (NASDAQ: AAPL, Stock Forum)
Apple Inc. announced financial results for its fiscal 2011 first quarter ended December 25, 2010. The Company posted record revenue of $26.74 billion and record net quarterly profit of $6 billion, or $6.43 per diluted share. These results compare to revenue of $15.68 billion and net quarterly profit of $3.38 billion, or $3.67 per diluted share, in the year-ago quarter.
Wi-LAN Inc. (TSX: T.WIN, Stock Forum)
Wi-LAN Inc. said it has entered into a bought deal agreement with an underwriting syndicate to issue 11.4 million common shares at a price of $6.60 per share, for gross proceeds of $75.2 million. The net proceeds will be used to fund acquisitions of patent portfolios identified as strategic to the company’s business and for working capital and general corporate purposes. The underwriters have the option to buy an additional 1.1 million common shares at the same price at any time prior to 30 days following the closing date, potentially adding $7.52 million to the proceeds.
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