Today on Stockhouse
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Alexander Green of Investment U argues that the sun is setting on the gold price.
This as Richard (Rick) Mills describes a junior that could develop Manitoba's next copper mine.
Top Bullboards post: “It was better than an okay strike. It's a porphyry property and these grades are amongst the best in the whole middle cauca region. I bought much of my stake at .20/.25 so I'm not worried where it settles day-to-day. Particularly interested in what they pull out of Panama next. As for the other company, I'm not familiar nor comparing the two as they are likely different properties/strategies - but good luck in it nonetheless.” From misna on the Bellhaven Copper & Gold (TSX: V.BHV, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog: LexLuthor2 believes this miner is a likely takeover target in the Lex Corp 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.
Word on Wall Street
“We came in on a positive note on the abatement of violence in Libya and favorable comments by Warren Buffett, and then popped up on the boost in personal income, even though most of it was attributable to the lower payroll tax,” said Jack Ablin, chief investment officer at Harris Private Bank, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| AutoZone (NYSE: AZO) |
Q2 |
$3.05 vs. $2.46 |
|
| China Digital TV (NYSE: STV) |
Q4 |
$0.13 vs. $0.10 |
|
| Domino's Pizza (NYSE: DPZ) |
Q4 |
$0.40 vs. $0.30 |
|
| Tech Data (NASDAQ: TECD) |
Q4 |
$1.43 vs. $1.25 |
|
| VeriFone Systems (NYSE: PAY) |
Q1 |
$0.39 vs. $0.26 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Bank of Montreal (TSX: T.BMO) |
Q1 |
US$1.29 vs. $1.13 |
|
| Silver Standard Resources (TSX: T.SSO) |
Q4 |
US$0.12 vs. $ - 0.13 |
|
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Today In The Markets
Toronto stock market closes higher on strong GDP report, mining deal
|
| DJIA |
12,226.34 |
+95.89 |
 |
|
| NASDAQ |
2,782.27 |
+1.22 |
|
|
| S&P500 |
1,327.22 |
+7.34 |
|
|
| S&P/TSX |
14,136.50 |
+84.37 |
|
|
| S&P/TSX Venture |
2,391.54 |
+15.92 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed higher Monday as traders took in a multibillion-dollar offer for a Canadian miner and a Statistics Canada report that showed the economy grew faster than expected in December.
The S&P/TSX composite index backed off earlier gains to move up 84.37 points to 14,136.5, with the mining sector leading the way. The TSX Venture Exchange added 15.92 points to 2,391.54.
Wall Street markets were mostly higher amid stabilizing oil prices and signs the U.S. economy may be improving.
The Dow Jones industrial average was up 95.89 points at 12,226.34, the Nasdaq added 1.22 points to 2,782.27 and the broader S&P 500 index rose 7.3 points to 1,327.22.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
DigitalGlobe, Inc. (NYSE: DGI, Stock Forum)
DigitalGlobe, Inc., a leading global provider of commercial high-resolution earth imagery products and services, reported financial results for the fourth quarter and year ended December 31, 2010. Fourth quarter 2010 revenue was $83.6 million, an increase of 14.7% compared with the same period last year. Fourth quarter 2010 net income was $1.3 million, or $0.03 per diluted share, compared with net income of $13.8 million, or $0.30 per diluted share, for the same period last year.
Crown Gold Corp. (TSX: V.CWM, Stock Forum)
Crown Gold Corp. announces that it has entered into a letter agreement to amend the payment terms of the option agreement dated December 27, 2009 regarding the Sakoose property, whereby Crown was granted an option to acquire a 100% interest in ten claims held by the optionor by making certain cash payments and by issuing a certain number of shares. Pursuant to the letter agreement amending the option agreement, Crown has agreed to: (i) issue 300,000 common shares to the optionor as soon as all necessary corporate and regulatory approvals have been obtained; (ii) pay $40,000 to the optionor in cash or shares (at the option of Crown) on August 27, 2011; and (iii) pay $50,000 to the Optionor in cash or shares (at the option of the Optionor) on August 27, 2012. After making the aforementioned cash or share payments, Crown would own a 100% undivided interest in the Claims comprising the Sakoose property subject to a 2% NSR royalty in favour of the Optionor
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