Today on Stockhouse
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Marin Katusa of Casey Research explains what the Australian floods will mean for coal stocks in the coming months.
Top Bullboards post: “The Quebec Government own 50% of the property. They have a direct interest in seeing the Kwyjibo deposit become a producing mine. It will help when time come to launch the project: permits, road, money, etc. Down the line, not all REE project in Quebec will become reality. The overall economics and the initial amount necessary to launch the project will make a difference between those projects that becomes producing mines and those that don't. In addition, if Kwyjibo contain a copper deposit as management think there could be, the risk associated with developing both deposit diminish greatly and the overall economics makes even more sense.” From Espagnol on the Focus Metals (TSX: V.FMS, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) collected the most posts and reads on a day its stock popped more than 44%.
Top blog: littleguy123 discusses the possibility of ‘suicide bombers’ in the gold market in the Outside the Market 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.
Today on Stockhouse
"The path of least resistance right now is up," said Joseph Saluzzi, co-head of equity trading at Themis Trading, in an interview with Associated Press. "People are beginning to assume the market is going higher. It's momentum."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Buffalo Wild Wings (NASDAQ: BWLD) |
Q4 |
$0.52 vs. $0.46 |
|
| Potlatch Corporation (NASDAQ: PCH) |
Q4 |
$0.33 vs. $0.07 |
|
| Rentrak (NASDAQ: RENT) |
Q3 |
$0.20 vs. $ - 0.05 |
|
| Walt Disney Co. (NYSE: DIS) |
Q1 |
$0.56 vs. $0.47 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Gildan Activewear (TSX: T.GIL) |
Q1 |
US$0.29 vs. $0.24 |
|
| Teck Resources (TSX: T.TCK.B) |
Q4 |
US$1.15 vs. $0.53 |
|
| Westport Innovations (TSX: T.WPT) |
Q3 |
US$ - 0.19 vs. $ - 0.20 |
|
Today In The Markets
Miners lead way to modest advance on TSX; oil slides for third day
|
| DJIA |
12,161.63 |
+69.48 |
 |
|
| NASDAQ |
2,783.99 |
+14.69 |
|
|
| S&P500 |
1,319.05 |
+8.18 |
|
|
| S&P/TSX |
13,811.93 |
+20.08 |
|
|
| S&P/TSX Venture |
2,375.03 |
+4.74 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed slightly higher Monday as traders, feeling more confident, bought stocks across most sectors.
The S&P /TSX composite index rose 20.08 points to 13,811.93, well below earlier levels, as losses in the energy sector grew as oil prices slid for a third day. The TSX Venture Exchange was ahead 4.74 points at 2,375.03.
New York's Dow Jones industrials gained 69.48 points to 12,161.63.
The Nasdaq composite index was ahead 14.69 points at 2,783.99 while the S&P 500 index added 8.18 points to 1,319.05.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
InsWeb Corp. (NASDAQ: INSW, Stock Forum)
InsWeb Corp., a leading online insurance comparison provider, announced financial results for the fourth quarter and year ended December 31, 2010, which include the fourth quarter results of Potrero Media Corp. acquired on October 1, 2010. Revenues for the fourth quarter of 2010 were $13.2 million, an increase of approximately 52% from $8.7 million in the fourth quarter of 2009. Net income for the fourth quarter of 2010 was $146,000, or $0.02 per diluted share. This compares to net income of $705,000, or $0.14 per diluted share, in the fourth quarter of 2009.
Southern Arc Minerals Inc. (TSX: V.SA, Stock Forum)
Southern Arc Minerals Inc. announced that it has entered into an agreement with Mackie Research Capital Corp. to act as lead agent in a syndicate of agents whereby the agents will market on an overnight best-efforts basis up to 12,500,000 common shares of the Company at a price of $1.60 per Common Share, for gross proceeds to the Company of up to $20,000,000. In consideration for their services, the agents will receive a cash commission of 6% of the gross proceeds of the offering and non-transferable common share purchase warrants equal to 6% of the common shares issued pursuant to the offering.