Today on Stockhouse
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Ticker Trax’s Thom Calandra profiles silver juniors that continue to March on.
Top Bullboards post: “Anyone looking at the CMA chart could be forgiven for thinking they had missed the boat. But the beauty of this situation is that Cream is still massively undervalued. Retail buyers are only just catching on. Unlike Sprott and Pinetree who have been backing up 66 ton turnpike doubles for quite some time, because they know full well just how undervalued CMA is. This stock imo has a long way to go before it is even close to correcting the balance between value and share price. These kinds of opportunities don't come that often. Especially with the addition of a tearaway silver price AND a current 20,000 meter drill program.” From touareg on the Cream Minerals (TSX: V.CMA, Stock Forum) board.
Top Bullboard:Canada Lithium (TSX: T.CLQ, Stock Forum) received the most reads and the third-most posts on a day its stock price sank 34%.
Top blog: littleguy123 writes about finding the next 10 bagger in the Yukon gold rush in the Outside the Market 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.
Word on Wall Street
“I don’t think the economy is strong enough to handle gas at the pump at $4 a gallon, which is where we’re heading,” said Jay Suskind, senior vice president at Duncan-Williams, in an interview with MarketWatch. “The political unrest and impact on the energy sector is going to keep a lid on this market.”
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Costco Wholesale (NASDAQ: COST) |
Q2 |
$0.78 vs. $0.70 |
|
| Foot Locker (NYSE: FL) |
Q4 |
$0.36 vs. $0.24 |
|
| Greif, Inc. (NYSE: GEF) |
Q1 |
$0.90 vs. $0.65 |
|
| Hypercom (NYSE: HYC) |
Q4 |
$0.19 vs. $0.08 |
|
| Joy Global (NASDAQ: JOYG) |
Q1 |
$1.07 vs. $0.73 |
|
| Natural Gas Services Group (NYSE: NGS) |
Q4 |
$0.19 vs. $0.14 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Canadian Western Bank (TSX: T.CWB) |
Q1 |
$0.51 vs. $0.52 |
|
Today In The Markets
Stock markets lower as oil again nears US$100, gold hits fresh record high
|
| DJIA |
12,058.02 |
-168.32 |
 |
|
| NASDAQ |
2,737.41 |
-44.86 |
|
|
| S&P500 |
1,306.33 |
-20.89 |
|
|
| S&P/TSX |
14,122.85 |
-13.65 |
|
|
| S&P/TSX Venture |
2,404.01 |
+12.47 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed lower Tuesday as geopolitical nervousness sent gold to a fresh record high and pushed crude prices close to the US$100-a-barrel mark amid worries about the effect of expensive oil on global economies.
The S&P /TSX composite index lost 13.65 points to 14,122.85 as investors also took in a widely expected move by the Bank of Canada to leave its key interest rate unchanged at one per cent.
The TSX Venture Exchange climbed 12.47 points to 2,404.01.
Higher oil spooked New York markets.
The Dow Jones industrial average tumbled 168.32 points to 12,058.02.
The Nasdaq composite index fell 44.86 points to 2,737.41 and the S&P 500 index was down 20.89 points at 1,306.33.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
MetLife, Inc. (NYSE: MET, Stock Forum)
MetLife, Inc. announced today plans to offer 68,570,000 shares of its common stock to the public. ALICO Holdings LLC, a subsidiary of American International Group, Inc. (NYSE: AIG, Stock Forum), is also offering 78,239,712 shares of MetLife common stock to the public, for a total offering of 146,809,712 shares. Concurrently with the common stock offerings, AIG is also offering 40,000,000 common equity units of MetLife. The common stock offerings are not conditioned on the completion of the common equity unit offering. AIG received the 78,239,712 shares of MetLife common stock and the 40,000,000 common equity units as part of the consideration for MetLife's acquisition of Alico on November 1, 2010.
Southern Andes Energy Inc. (TSX: V.SUR, Stock Forum)
Southern Andes Energy Inc. announced today that it has granted stock options to acquire an aggregate of 2,175,000 common shares to directors, officers, employees and consultants of the Company and its subsidiary under SAE's stock option plan. Each option granted to directors, officers, employees and consultants is exercisable for a five year period to acquire one common share at a price of $0.70 per share and is subject to vesting restrictions of one-third on each of the grant date, 12 month and 24 month anniversaries of the date of grant.