Today on Stockhouse
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MicroCap.com’s Danny Deadlock profiles an alternative energy micro cap stock with 10-bagger potential.
This as Marc Davis of BNWnews.ca describes why silver is a currency for crisis.
Top Bullboards post: “P&D? Even without this discovery, MUM is undervalued. They are already buying equipment to set up their nickel mine.” From moonshot5 on the Mustang Minerals (TSX: V.MUM, Stock Forum) board.
Top Bullboard:Copper Fox Metals (TSX: V.CUU, Stock Forum) received the most reads.
Top blog: littleguy123 explains why the U.S. housing collapse is now exceeding its 2009 lows 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
"We've had a really nice rally off the lows, but I think there are too many uncertainties still revolving around Libya and the recovery in Japan to give people the confidence to break the market through 1,300 on the S&P," said Carlton Neel, senior portfolio partner at Virtus Investment Partners, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| General Mills (NYSE: GIS) |
Q3 |
$0.56 vs. $0.49 |
|
| National Beverage (NASDAQ: FIZZ) |
Q4 |
$0.22 vs. $0.20 |
|
| Paychex (NASDAQ: PAYX) |
Q3 |
$0.35 vs. $0.34 |
|
| Red Hat (NYSE: RHT) |
Q4 |
$0.22 vs. $0.19 |
|
| Steelcase (NYSE: SCS) |
Q4 |
$0.08 vs. $ - 0.05 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Azure Dynamics (TSX: T.AZD) |
Q4 |
$ - 0.01 vs. $ - 0.02 |
|
| Gammon Gold (TSX: T.GAM) |
Q4 |
$0.12 vs. $0.14 |
|
Today In The Markets
TSX posts small loss, Middle East worries send oil prices surging
|
| DJIA |
12,032.55 |
-3.98 |
 |
|
| NASDAQ |
2,685.18 |
-6.91 |
|
|
| S&P500 |
1,295.48 |
-2.90 |
|
|
| S&P/TSX |
13,999.03 |
-14.67 |
|
|
| S&P/TSX Venture |
2,288.23 |
+2.99 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market drifted to a slightly lower finish Tuesday as energy stocks failed to respond to sharply higher oil prices while investors took in good news about efforts to bring an overheated Japanese nuclear complex under control.
The S&P /TSX composite index closed 13.7 points lower at 14,000 with investors disinclined to build on Monday's big 220-point surge. The TSX Venture Exchange was up 11.89 points to 2,297.13.
The Dow Jones industrial average slipped 17.9 points to 12,018.63. The Nasdaq composite index was off 8.22 points to 2,683.87 while the S&P 500 index moved down 4.61 points to 1,293.77.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Fisher Communications, Inc. (NASDAQ: FSCI, Stock Forum)
Fisher Communications, Inc., a leader in local media innovation, today announced that it has retained Moelis & Company, LLC as its financial advisor to explore alternatives for maximizing the value of Fisher Plaza, its mixed-use facility located near downtown Seattle, Washington, which may include a potential financing or sale transaction. Proceeds will go to pay down debt.
North American Palladium Ltd. (TSX: T.PDL, Stock Forum)
North American Palladium Ltd. announced that its board of directors has approved the adoption of a shareholder rights plan, which takes effect today. The rights plan is similar to plans adopted by other Canadian companies, and has been adopted to ensure the fair treatment of shareholders in the event of any take-over bid for NAP's common shares.