Today on Stockhouse
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Ticker Trax’s Thom Calandra writes about leveraging the silver junior mining trail.
While Andrew Mickey of Q1 Publishing provided nine responses to the "gold is a bubble" crowd.
Top Bullboards post: “I know they want to focus on Alzheimers with this PR but I think the PR would have had a lot more impact if they would have ended the PR with a reminder of the positive ASSERT findings on CVD that were so misinterpreted by the media the first time around. It would have provided the PR with a great 2 for 1 (2 massively widespread diseases) benefit from the one drug. Two huge potential markets also spreads the risk compared to just one market. Both of these markets are not only huge but also increasingly in the spolight imo.” From golfyeti on the Resverlogix (TSX: T.RVX, Stock Forum) board.
Top Bullboard:Wi-LAN Inc. (TSX: T.WIN, Stock Forum) received the most reads and posts.
Top blog: RedMars posted an interesting article about picking a winning junior gold miner in the Notes From a Cyber Trader 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
“We haven’t been up here in quite a while and you do see some selling around psychological numbers,” said David Bellantonio, head of U.S. trading at Instinet, in an interview with MarketWatch. “The market’s up quite a bit lately — it might be a little tired.”
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| ConocoPhillips (NYSE: COP) |
Q4 |
$1.31 vs. $1.16 |
|
| E*TRADE Financial (NASDAQ: ETFC) |
Q4 |
$0.04 vs. $ - 0.40 |
|
| First Cash Financial Services (NASDAQ: FCFS) |
Q4 |
$0.54 vs. $0.44 |
|
| QUALCOMM (NASDAQ: QCOM) |
Q1 |
$0.72 vs. $0.62 |
|
| Starbucks (NASDAQ: SBUX) |
Q1 |
$0.39 vs. $0.33 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Canadian Pacific (TSX: T.CP) |
Q4 |
US$1.09 vs. $0.89 |
|
| The Cash Store Financial Services (TSX: T.CSF) |
Q1 |
$0.36 vs. $0.32 |
|
Today In The Markets
Toronto stock market closes lower on slumping commodities, mixed earnings
|
| DJIA |
11,977.19 |
-3.33 |
 |
|
| NASDAQ |
2,719.25 |
+1.70 |
 |
|
| S&P500 |
1,291.18 |
+0.34 |
|
|
| S&P/TSX |
13,259.63 |
-87.95 |
|
|
| S&P/TSX Venture |
2,202.72 |
-45.88 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market lost ground Tuesday amid weakening commodity prices and mixed earnings reports from U.S. and Canadian companies.
The S&P/TSX composite index dropped 87.95 points to 13,259.63, with all but the real estate index closing in the red.
The TSX Venture Exchange fell 45.88 points to 2,202.72.
U.S. stock markets were flat as investors sifted through mostly weak earnings from major U.S. companies.
The Dow Jones industrial average fell 3.3 points to 11,977.19, the Nasdaq gained 1.7 points to 2,719.25 and the Standard & Poor's 500 gained 0.34 points to 1,291.18.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Yahoo! Inc. (NASDAQ: YHOO, Stock Forum)
Yahoo! Inc.reported results for the fourth quarter and full year ended December 31, 2010. GAAP revenue was $1.52 billion for the fourth quarter of 2010, a 12 percent decrease from $1.73 billion in the fourth quarter of 2009. Net earnings in the quarter rose to $312 million or 24 cents, compared to $153 million or 11 cents in the same period a year ago.
Largo Resources Ltd. (TSX: V.LGO, Stock Forum)
Largo Resources Ltd. announced that it has signed a letter of intent to secure the acquisition of four new attractive tungsten exploration properties, namely Acauã, Cafuca, Galo and Recanto totalling 4,595 hectares near its Currais Novos Tungsten Project, in Rio Grande de Norte, Brazil. The properties have interesting exploration potential and provide an opportunity to increase Largo's tungsten reserve base within the Currais Novos District.