Today on Stockhouse
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Ticker Trax’s Thom Calandra believes this Gold Belt might outpace West Africa's best known producing mines.
Top Bullboards post: “Swiss, the share price is in consolidation right now. We are still eating through 3.5 million free trading shares which the holders have graciously allowed to keep the sp at its current level. The Mn assets Lamarque still has not provided disclosure on what is happening there and I assume he is working on it. I do think we will see the sp run soon as they announce the drills are turning. My gut sense is they will find gold this year and it will be good for EC. EC is a lot further advanced than ARU was at this time as well they have geologists support so I see no reason to feel anything but positive. All the geology points to a gold source present at Rio Zarza and looking at the proximity to FDN you have to like the chances of something happening.” From Stkdlr on the Ecometals Limited (TSX: V.EC, Stock Forum) board.
Top Bullboard:Copper Fox Metals (TSX: V.CUU, Stock Forum) received the second-most reads and posts on a day its stock popped more than 20%.
Top blog: LexLuthor2 says members should take a look at this diamond junior with recent insider buying in the Lex Corp blog.
For news about small stocks that made big moves in Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Today on Stockhouse
"We're at a point where the market is concerned over this series of dominoes in the Middle East and wonders if there's another country that's next to fall," said David Katz, a portfolio strategist for Weiser Capital Management, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Applied Materials (NASDAQ: AMAT) |
Q1 |
$0.33 vs. $0.13 |
|
| DreamWorks Animation (NYSE: DWA) |
Q4 |
$0.75 vs. $0.50 |
|
| Gap Inc. (NYSE: GPS) |
Q4 |
$0.57 vs. $0.51 |
|
| Kohl's Corp. (NYSE: KSS) |
Q4 |
$1.66 vs. $1.40 |
|
| Salesforce.com (NYSE: CRM) |
Q4 |
$0.26 vs. $0.16 |
|
| Target Corp. (NYSE: TGT) |
Q4 |
$1.40 vs.$1.24 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| CIBC (TSX: T.CM) |
Q1 |
US$1.72 vs. $1.65 |
|
| Centerra Gold (TSX: T.CG) |
Q4 |
$0.60 vs. $0.09 |
|
| Goldcorp (TSX: T.G) |
Q4 |
US$0.47 vs. $0.25 |
|
Today In The Markets
Toronto stock market retreats from earlier gain after oil hits $100 a barrel
|
| DJIA |
12,105.78 |
-107.01 |
 |
|
| NASDAQ |
2,722.99 |
-33.43 |
|
|
| S&P500 |
1,307.40 |
-8.04 |
|
|
| S&P/TSX |
13,956.19 |
-7.49 |
|
|
| S&P/TSX Venture |
2,367.04 |
+3.49 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market gave back early gains and turned negative after oil prices surged past US$100 a barrel amid fears that escalating tensions in the oil-rich Middle East could cause a global crude shortage or even another recession.
The S&P/TSX composite index shed 7.49 points to 13,956.19, dipping in and out of the red after oil prices hit the $100 threshold in the early afternoon, the first time it has reached that level since the recession hit in October 2008.
Wall Street markets lost more ground a day after major indexes took their steepest fall of the year.
The Dow Jones industrial average was down 107.01 points at 12,105.7, while the Nasdaq dropped 33.43 points to 2,722.99 and the broader Standard & Poor's 500 shed 8.04 points to 1,307.40.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Priceline.com (NASDAQ: PCLN, Stock Forum)
After Wednesday’s close, the company said fourth-quarter sales rose to $731.3 million from $541.8 million. Analysts had expected $734.9 million. Net income for the quarter surged to $135.7 million, or $2.66 a share, from $78.5 million, or $1.55 a share, a year ago. Excluding one-time items, earnings were $3.40 a share, above the consensus estimate of $3.09 a share. Priceline’s forecast for first-quarter adjusted earnings is $2.34 to $2.44 a share, and Wall Street’s current call is for adjusted earnings of $2.30 a share.
Bison Gold Resources (TSX: V.BGE, Stock Forum)
The junior explorer, after Wednesday’s closing bell, reported further results from drilling on the Ogama-Rockland trend on its Central Manitoba Property, which included 35.0 g/t gold over 4.73 metres.