Today on Stockhouse
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Danny Deadlock of TickerTrax believes this Old King Coal stock is worth big bucks.
Top Bullboards post: “We now know that a $2.00 library card can add several million tonnes of copper ore to the 43-101. It is just a matter of going to the Springdale Core Storage Library and taking a look. John did this for 'lil deer and we know what it showed. Do you think it has been done for the adjacent Whalesback mine that was producing and stopped in the middle of production because of falling copper prices? They MUST have done multiple assays that are still on record... I wonder when that information will pop-up :) You could mine out 'lil deer and then move to Whalesback next door? (obviously, we are looking at a decade long timeframe - but Rome was not built in a day). Worst case, it would increase the total value of the land package in my humble opinion.” From LakeErie on the Thundermin Resources (TSX: T.THR, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) collected the most posts and the third-most reads on a day its stock popped more than 63%.
Top blog: goodinfo11 provides the goods on this promising potash junior in the Goodinfo's Blog "About Nothing" blog.
For news about small stocks that made big moves in Thursday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
The indexes traded within a tight range as data that were “particularly contradictory” left investors unsure of the pace of economic recovery, said David Katz, principal and senior portfolio strategist at WeiserMazars, in an interview with MarketWatch. “What’s paramount is the confluence of fighting this immensely high level of unemployment and how that goes hand in hand with the housing market.”
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Arch Coal (NYSE: ACI) |
Q4 |
$0.43 vs. $0.11 |
|
| Chevron (NYSE: CVX) |
Q4 |
$2.40 vs. $1.53 |
|
| Honeywell International (NYSE: HON) |
Q4 |
$0.87 vs. $0.91 |
|
| Quality Systems (NASDAQ: QSII) |
Q3 |
$0.54 vs. $0.46 |
|
| T. Rowe Price Group (NASDAQ: TROW) |
Q4 |
$0.69 vs. $0.57 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| AGF Management (TSX: T.AGF.B) |
Q4 |
$0.35 vs. $0.50 |
|
| Osisko Mining (TSX: T.OSK) |
Q4 |
$ - 0.01 vs. $ - 0.04 |
|
| Paladin Labs (TSX: T.PLB) |
Q4 |
$0.27 vs. $0.05 |
|
Today In The Markets
Mining, oil stocks pull TSX down; Potash Corp advances on strong earnings report
|
| DJIA |
11,989.83 |
+4.39 |
 |
|
| NASDAQ |
2,755.28 |
+15.78 |
|
|
| S&P500 |
1,299.54 |
+2.91 |
|
|
| S&P/TSX |
13,410.20 |
-55.55 |
 |
|
| S&P/TSX Venture |
2,233.97 |
-16.53 |
|
|
Toronto & New York (The Canadian Press) - Falling mining and energy stocks pushed the Toronto stock market lower Thursday as oil and bullion posted steep declines.
The S&P /TSX composite index fell 55.55 points to 13,410.2 while the TSX Venture Exchange lost 16.53 points to 2,233.97.
U.S. markets were generally weak amid mixed earnings reports and economic data that disappointed.
The Dow Jones industrial average finished 4.39 points higher at 11,989.83.
The Nasdaq composite index rose 15.78 points to 2,755.28 while the S&P 500 index was up 2.91 points at 1,299.54.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
EnteroMedics Inc., (NASDAQ: ETRM, Stock Forum)
EnteroMedics Inc., (NASDAQ: ETRM, Stock Forum), the developer of medical devices using neuroblocking technology to treat obesity and other gastrointestinal disorders, today announced financial results for the three months and full year ended December 31, 2010. For the fourth quarter ended December 31, 2010, the company reported a net loss of $4.0 million, or $0.34 per share, compared to a loss of $2.9 million or 47 cents in the year ago period.
Avalon Rare Metals Inc. (TSX: T.AVL, Stock Forum)
Avalon Rare Metals Inc. released an update on development work on the Nechalacho Rare Earth Elements deposit, Thor Lake, NWT. In particular, all the data from the 2010 summer definition drilling program has now been compiled into the deposit block model and the 43-101 compliant resource estimates have been updated accordingly (Tables 1a and b). As expected, this resulted in a significant increase in the proportion of Mineral Resources in the Nechalacho deposit that can be classified as Indicated.