Today on Stockhouse
Jeff Berwick sees more upside for gold in spite of the popular bubble theory.
Steven Saville says many analysts are convinced that silver will outperform gold.
Richard Mills takes a look at exploration in British Columbia’s Cariboo region.
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Top Bullboards post: Drilling at such a depth was always appreciated to be risky. Things did not go smoothly, but the geology confirmations are what is important. At least we have no reason to believe it is not there. In fact we have even more reason to believe it is there. I choose to remain positive because I see no evidence that says to me that the continuation of the HGZ is not there. From threepalms in the Mega Precious Metals Inc. (TSX: V.MGP, Stock Forum) board.
Top Bullboard: Intertainment Media Inc. (TSX: V.INT, Stock Forum) received the most posts and reads.
Top blog: Rich471 says he believes the crude price will continue to rise as the peak of driving season during mid-summer winds up. “Diesel prices have also been rising and this will fuel inflation as the price of delivery of goods and services will be passed onto the consumer,’’ he said in the Oil stronger than normal 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.
Today on Stockhouse
“Today there’s a bit of a pullback, but we’re coming off a multimonth high,” said Stuart Freeman, chief equity analyst at A.G. Edwards, during an interview with MarketWatch.
“We’ve been inching forward pretty consistently, and any little corrections seemed to be closed again by the end of the day,” added Freeman in dismissing the significance of a half-percentage drop in the major stock indexes, given their near-relentless rise in recent days and weeks.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Avis Budget Group Inc. (NYSE: CAR) |
Q4 |
-$0.06 v -$0.25 |
|
| Cell Therapeutics Inc. (NASDAQ: CTIC) |
Q4 |
-$0.02 v -$0.05 |
|
| Genzyme Corp. (NASDAQ: GENZ) |
Q4 |
$0.86 v $0.31 |
|
| NVIDIA Corp. (NASDAQ: NVDA) |
Q4 |
$0.21 v $0.23 |
|
| Rubicon Technology Inc. (NASDAQ: RBCN) |
Q4 |
$0.50 v -$0.04 |
|
| Taser International Inc. (NASDAQ: TASR) |
Q4 |
$0.00 v $0.07 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Finning International Inc. (TSX: T.FTT) |
Q4 |
$0.34 v $0.10 |
|
| Talisman Energy Inc. (TSX: T.TLM) |
Q4 |
$0.17 v $0.07 |
|
| Winpak Ltd. (TSX: T.WPK) |
Q4 |
$0.20 v $0.18 |
|
Today In The Markets
Toronto stock market racks up small gain amid sliding prices for oil and copper
|
| DJIA |
12,226.64 |
-41.55 |
 |
|
| NASDAQ |
2,804.35 |
-12.83 |
|
|
| S&P500 |
1,328.01 |
-4.31 |
|
|
| S&P/TSX |
13,929.35 |
+18.58 |
 |
|
| S&P/TSX Venture |
2,394.58 |
+14.12 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed higher, as rising bullion prices sent gold stocks higher and financials advanced ahead of earnings reports from Canada's banks.
The S&P/TSX composite index climbed 18.58 points to 13,929.35.
The Canadian dollar closed down 0.12 of a cent to 101.04 cents US.
Gold ran up nine dollars to US$1,374.10 an ounce. And bank stocks ran up ahead of earnings next week from National Bank (TSX:NA) and CIBC (TSX:CM).
Oil lost 49 cents to US$84.32 a barrel amid expectations that data coming out Wednesday will show rising stockpiles of both oil and gasoline.
A disappointing reading on January retail sales helped push the Dow Jones industrial average down 41.55 points to 12,226.64. The Nasdaq composite index fell 12.83 points to 2,804.35 while the S&P 500 index shed 4.31 points to 1,328.01.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Dell Inc. (NASDAQ: DELL, Stock Forum)
Dell Inc. posted record earnings in the year 2011 fourth quarter ended January 28, 2011. GAAP net income in the quarter was $927 million or 48 cents a share, compared to $334 million or 17 cents in the same period last year. Revenue in the quarter was $15.7 billion, up from $14.9 billion a year earlier. For its fiscal-year 2012, Dell expects revenue growth of 5 to 9 percent, non-GAAP operating income growth of 6 to 12 percent, and continued strong execution on cash flow with cash flow from operations exceeding net income.
ANDINA Minerals Inc. (TSX: V.ADM, Stock Forum)
ANDINA Minerals Inc. announced results from the first six completed drill holes in 2011 in Chile at the Ojo de Agua East mineralized zone, situated at the Volcan Project site some 6.5 kms from the known Dorado zone and approximately 4 kms to the north of the proposed Mill and Heap Leach Pad in the Volcan Phase 1 Development Plan. These completed holes are from the 10,000 metre Strategic Exploration Program in the current field season.