Today on Stockhouse
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Ticker Trax’s Thom Calandra writes about a junior explorer hoping to transform placer gold into Klondike millions.
Top Bullboards post: “Fiscal term for TransEuro reporting financial statements or what. All their reports are available on the website. Royalty rate for what? Sorry, not sure about the question. Please be more specific. As far as the drilling goes, I spoke with their investor relations Chris McGillivray. He is very excited about the results. He realizes there are a lot of share outstanding which is holding the price down. This week they will be doing more interval testing and next week he said we should now the complete results for the remaining 4 intervals/zones. As far as where the company is heading: Once the results next week are in, then he said they will get the attention from companies, government, etc. Right now everyone is waiting for the results whether it is viable to put it in production which so far it looks like it is. To put in production however, the company will need to do more financing and they are currently working on a plan as to how to achieve this without causing further dilution to the share structure. I asked them if they are looking at joint ventures as an option he said yes... but again everyone is waiting for the full results before jumping on the train. So anyway, basically be patient and we should get a better picture next week is what I think. Next step will be to focus on financing for production.” From royalflush5 on the Transeuro Energy (TSX: V.TSU, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts on a day its stock price rose 13%.
Top blog: Risktaker77 claims this gold junior holds about 10 million ounces in the Risky Picks... 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.
Word on Wall Street
“After the market got over the weaker-than-expected new-home sales, the bounce-back attracted some buying,” noted Elliot Spar, market strategist at Stifel Nicolaus & Co., in an interview with MarketWatch. “It’s one of those days where if you show me a negative, I can show you a positive.”
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Accenture plc (NYSE: ACN) |
Q2 |
$0.71 vs. $0.60 |
|
| Best Buy Co. (NYSE: BBY) |
Q4 |
$1.85 vs. $1.82 |
|
| Darden Restaurants (NYSE: DRI) |
Q3 |
$1.05 vs. $0.95 |
|
| Fred's (NASDAQ: FRED) |
Q4 |
$0.21 vs. $0.15 |
|
| Oracle (NASDAQ: ORCL) |
Q3 |
$0.49 vs. $0.38 |
|
| SYNNEX Corp. (NYSE: SNX) |
Q1 |
$0.79 vs. $0.66 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Franco-Nevada (TSX: T.FNV) |
Q4 |
$0.22 vs. $0.40 |
|
| Research in Motion (TSX: T.RIM) |
Q4 |
$1.74 vs. $1.27 |
|
Today In The Markets
TSX up as record high gold supports bullion stocks, Mideast unrest boosts oil
|
| DJIA |
12,086.02 |
+67.39 |
 |
|
| NASDAQ |
2,698.30 |
+14.43 |
|
|
| S&P500 |
1,297.54 |
+3.77 |
|
|
| S&P/TSX |
14,087.18 |
+87.18 |
|
|
| S&P/TSX Venture |
2,318.01 |
+20.88 |
|
|
Toronto & New York (The Canadian Press) - The Toronto stock market racked up a solid gain Wednesday, led by mining stocks as copper prices rallied and gold hit another record high, while investors continued to assess the economic toll of Japan 's earthquake and tsunami.
The S&P /TSX composite index moved 87.18 points higher to 14,087.18 while the TSX Venture Exchange rose 20.88 points to 2,318.01.
New York markets were also higher despite more dismal news from the housing sector.
The Dow Jones industrials gained 67.39 points to 12,086.02.
The Nasdaq composite index climbed 14.43 points to 2,698.3 while the S&P 500 index was ahead 3.77 points to 1,297.54.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Marina Biotech, Inc. (NASDAQ: MRNA, Stock Forum)
Marina Biotech, Inc., a leading RNAi-based drug discovery and development company, reported financial results for the fourth quarter and full year ended December 31, 2010, and highlighted recent corporate accomplishments. Net loss for the fourth quarter of 2010 was approximately $5.9 million or $0.23 per share, compared to approximately $0.8 million or $0.08 per share for the same period of 2009. Revenue was approximately $1.0 million for the fourth quarter of 2010 compared to $0.2 million for the fourth quarter of 2009.
Kinross Gold Corp. (TSX: T.K, Stock Forum)
Kinross Gold Corp. announced that it has sold its approximate 8.5% equity interest in Harry Winston Diamond Corporation, consisting of approximately 7.1 million Harry Winston common shares, on an underwritten block trade basis, for gross proceeds of CDN$100 million.