Today on Stockhouse
Peter Kennedy in the Stockhouse Short Report, takes a closer look at Sterling Group.
Chris Vermeulen looks at why the gold miners’ index may be a warning sign.
Danny Deadlock focuses on International Datacasting in today’s Ticker Trax.
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Top Bullboards post: “Take your profits while you can. Broad market correction imminent. Mark my words. Irrational exuberance has taken over. This stock remains currently at 350% gains in the last week. Remember: What goes up……From Stokguy in the Passport Potash Inc. (TSX: V.PPI , Stock Forum) board.
Top Bullboard: Intertainment Media Inc. (TSX: V.INT, Stock Forum) received the most posts and reads.
Top blog: Risktaker77 talks about how he has been building a new position in Petronova Inc. (TSX: V.PNA, Stock Forum)during the past few trading sessions in the Risky Picks 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.
Today on Stockhouse
“I’m a bit surprised that the news out of Egypt hasn’t caused greater reaction in the markets,” said Richard Kang, chief investment officer for New York asset manager Emerging Global Advisors LLC. He was speaking in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Buckeye Partners LP (NYSE: BPL) |
Q4 |
$0.95 v $1.03 |
|
| Cell Therapeutics Inc. (NASDAQ: CITC) |
Q4 |
-$0.02 v -$0.05 |
|
| Coca-Cola Enterprises (NYSE: CCE) |
Q4 |
$0.28 v $0.22 |
|
| Evergreen Solar Inc. (NASDAQ: ESLR) |
Q4 |
-$0.86 v -$2.88 |
|
| Scana Corp. (NYSE: SCG) |
Q4 |
$0.73 v $0.62 |
|
| WABCO Holdings Inc. (NYSE: WBC) |
Q4 |
$0.90 v $0.36 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Canadian Tire (TSX: T.CTC.A) |
Q4 |
$1.47 v $1.24 |
|
| EnCana (TSX: T.ECA) |
Q4 |
$0.42 v $0.60 |
|
Today In The Markets
TSX trims early losses, closes higher amid advancing commodities, mixed earnings
|
| DJIA |
12,229.29 |
-10.60 |
 |
|
| NASDAQ |
2,790.45 |
+1.38 |
 |
|
| S&P500 |
1,321.87 |
+0.99 |
|
|
| S&P/TSX |
13,840.57 |
+56.27 |
|
|
| S&P/TSX Venture |
2,347.82 |
-5.95 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market clawed its way back from an earlier tumble to close higher Thursday as oil and copper prices advanced and investors took in a mixed bag of earnings.
The S&P /TSX composite index erased a 181-point drop from earlier in the session, rising 56.27 points to 13,840.57.
The TSX Venture Exchange was down 5.95 points at 2,347.82.
The Dow Jones industrial average was down as much as 83 points before the blue chip barometer recovered to a 10.6-point loss to close at 12,229.29.
The Nasdaq composite index added 1.38 points to 2,790.45, while the S&P 500 index edged up 0.99 of a point to 1,321.87.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
NuVasive, Inc. (NASDAQ: NUVA, Stock Forum)
NuVasive, Inc. and AlloSource, partners in the cellular allograft market for use in orthopedic surgical applications, said AlloSource has licensed from NuVasive certain intellectual property related to bone growth products containing endogenous mesenchymal stem cells. The license and royalty agreement will enable AlloSource to distribute its recently-introduced allograft cellular product, AlloStem®. The agreement includes restrictions against AlloSource distributing into the spine market with a major partner other than NuVasive. AlloSource currently processes Osteocel® Plus for NuVasive.
Eagle Hill Exploration Corp. (TSX: V.EAG, Stock Forum)
Eagle Hill Exploration Corp. said it has received assay results from an additional five drill holes from the company's current 10,000 meter drill program at the Windfall Lake property in the Abitibi area of northern Quebec. Two of the holes were drilled prior to the winter break and, in addition to expanding existing gold zones, they have helped the company identify a new high grade gold zone, named the Mallard Zone.