Today on Stockhouse
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Ticker Trax’s Thom Calandra writes about one successful broker who is long on short forms and a Guyana gold junior.
This as Peter Kennedy explains how Roxgold is moving to cash in, which is featured in his Stockhouse Movers & Shakers column.
Top Bullboards post: “Something is definitely not making sense here. By my back of the napkin calcs, SOLO had an $18 million m/c move today on this news but REE has had a $2 million increase. Disconnect somewhere...” From Kopperknob on the Reef Resources (TSX: V.REE, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts on a day its stock popped more than 26%.
Top blog: Johnny881 makes a case for this potash junior in the Fantastic Potash 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
“The DOE [Department of Energy] numbers came out and lifted energy prices, and there’s been a strange positive correlation between equities and oil,” said Peter Boockvar, equity strategist at Miller Tabak, in an interview with MarketWatch. “Just as the S&P fell yesterday when oil fell.”
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Check Point Software (NASDAQ: CHKP) |
Q1 |
$0.62 vs. $0.55 |
|
| Fairchild Semiconductor (NYSE: FCS) |
Q1 |
$0.36 vs.$0.25 |
|
| Google (NASDAQ: GOOG) |
Q1 |
$8.13 vs. $6.76 |
|
| JB Hunt Transport Services (NASDAQ: JBHT) |
Q1 |
$0.38 vs. $0.29 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| ADF Group (TSX: T.DRX) |
Q4 |
$0.03 vs. $0.04 |
|
Today In The Markets
Financials, techs push TSX higher; oil prices rise after two days of declines
|
| DJIA |
12,270.99 |
+7.41 |
 |
|
| NASDAQ |
2,761.52 |
+16.73 |
|
|
| S&P500 |
1,314.41 |
+0.25 |
|
|
| S&P/TSX |
13,833.64 |
+32.24 |
|
|
| S&P/TSX Venture |
2,301.68 |
-2.09 |
 |
|
Toronto & New York (The Canadian Press) - The Toronto stock market closed higher, led by gains in technology and financial stocks while oil prices advanced after two days of big losses.
The S&P/TSX composite index closed up 32.24 points to 13,833.64 while the Canadian dollar ended the session up 0.08 of a cent at 103.91 cents US.
Energy stocks made modest gains as oil prices advanced 86 cents to US$107.11 a barrel. Prices had dropped of more than US$6 over the previous two sessions after Goldman Sachs warned investors Monday that crude oil prices were due for a "substantial pullback."
The Dow Jones industrial average rose 7.41 points to 12,270.99.
The Nasdaq composite index gained 16.73 points to 2,761.52 while the S&P 500 index added 0.26 of a point to 1,314.42.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Gran Colombia Gold Corp. (TSX: T.GCM, Stock Forum) and Medoro Resources Ltd. (TSX: T.MRS, Stock Forum)
Gran Colombia Gold Corp. and Medoro Resources Ltd. are pleased to announce that today they have entered into an arrangement agreement to merge the two companies and create a leading Colombian-focused gold production and exploration company. The combined company will benefit from the current production and expansion potential at the Gran Colombia gold mine (formerly known as the Frontino gold mine) together with the large-scale highly prospective Marmato gold development project, both located on the mid-Cauca gold belt in the vicinity of Medellin, Colombia.