Today on Stockhouse
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TickerTrax’s Danny Deadlock believes this news should fuel the junior rare earth sector in 2011.
This as Matt Badiali of Growth Stock Wire suggests this quirky Canadian law created the best energy stocks you can buy.
Top Bullboards post: “For the sake of discussion, assuming they do have 1.1 million ounces, and someone was willing to pay $75 per ounce in the ground divided by about 125 mil shares fully diluted, it would be worth about .66 cents per share. This is just a rough estimate scenario. Someone may only be willing to pay $50 or it could be more than $75.” From dano092653 on the Augen Gold (TSX: V.GLD, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) collected the most posts and reads on a day its share price rose more than 6%.
Top blog: MK1489 explains why the blogger is not buying into this high-flying Internet play in the Portfolio Additions 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
"The strength in the retail sector is probably the standout feature today and it might be causing repositioning out of the materials into the retail stocks," said Nick Kalivas, an analyst at MF Global in Chicago, in an interview with Reuters.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
 |
| Aetna (NYSE: AET) |
Q4 |
$0.62 vs. $0.40 |
|
| Apartment Invest. & Man. Co. (NYSE: AIV) |
Q4 |
$0.35 vs. $0.26 |
|
| Fortune Brands (NYSE: FO) |
Q4 |
$0.58 vs. $0.66 |
|
| Weyerhaeuser Co. (NYSE: WY) |
Q4 |
$0.06 vs. $ - 0.52 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Heroux-Devtek (TSX: T.HRX) |
Q3 |
$0.14 vs. $0.12 |
|
Today In The Markets
TSX jumps on positive U.S. economic data, earnings, acquisition in gold sector
|
| DJIA |
12062.26 |
+20.29 |
 |
|
| NASDAQ |
2753.88 |
+4.32 |
|
|
| S&P500 |
1307.10 |
+3.07 |
|
|
| S&P/TSX |
13841.35 |
+161.06 |
 |
|
| S&P/TSX Venture |
2363.91 |
+39.74 |
|
|
(The Canadian Press) TORONTO-NEW YORK - A positive earnings report in the technology sector as well as merger and acquisition activity among gold miners helped push the Toronto stock market higher Thursday.
The S&P/TSX composite index jumped 161.06 points to 13,841.35 with the market also benefitting from data showing fewer U.S. jobless insurance claims and higher than expected expansion in the American service sector.
The TSX Venture Exchange gained 39.74 points to 2,363.91.
The Dow Jones industrial average was 20.29 points higher at 12,062.26.
The Nasdaq composite index gained 4.32 points to 2,753.88 while the S&P 500 index rose 3.07 points to 1,307.1.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Essex Property Trust, Inc. (NYSE: ESS, Stock Forum)
said its fourth quarter 2010 earnings results and related business activities. Funds from Operations ("FFO") for the quarter ended December 31, 2010, totaled $43.0 million or $1.31 per diluted share compared to $35.8 million, or $1.16 per diluted share for the quarter ended December 31, 2009. The Company's FFO, excluding non-core items, totaled $42.0 million, or $1.28 per diluted share for the quarter ended December 31, 2010, which is an increase of 5.5% compared to $37.3 million or $1.21 per diluted share for the quarter ended December 31, 2009. Net income available to common stockholders for the quarter ended December 31, 2010 totaled $4.8 million or $0.16 per diluted share compared to $6.8 million, or $0.24 per diluted share for the quarter ended December 31, 2009, respectively.
Invenio Resources Corp. (TSX: V.IVO, Stock Forum)
announced that it has entered into a Letter Agreement with C.W. Properties LLC to acquire an option to earn a 100% interest in the Ganes Creek gold project. Ganes Creek is located in west-central Alaska, approximately 440 km northwest of Anchorage and 40 km west of the town of McGrath. The Project is situated in the Tintina Gold Belt which is host to the 33 million ounce Donlin Creek gold deposit approximately 90 km to the south west and the Nixon Fork copper-gold skarn deposit approximately 62 km to the northeast.