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Stockhouse @ the Bell: Stocks extend winning streak

Stockhouse Editorial
0 Comments| August 30, 2011

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Today on Stockhouse

Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.

Get the facts on gold investing including eight exclusive feature stories in the Stockhouse North American Gold Report.

Dan Ferris of DailyWealth describes why he believes silver is an extraordinary value right now.

Top Bullboards post: “GLD shareholders know this is still way under value, especially when no money is involved and it's a share conversion. Add to it that TRR MUST have GLD's land holdings to develop their open pit mine. Now, with them finding more mineralization 100 metres closer to the GLD border, then MUST, MUST acquire GLD land holdings for their open pit. Add to it that GLD has 1+ million ounces with huge potential for more. Add to it GLD has millions of dollars that TRR would own. Add to it, TRR needs to start thinking about a mine design in order to increase their shareholders value, and GLD is standing in their way to do so.” From IqaluitZen on the Augen Gold (TSX: V.GLD, Stock Forum) board.

Top Bullboard:Sino-Forest (TSX: T.TRE, Stock Forum) received the most reads and posts

Top blog: littleguy123 writes about what he calls ‘unsinkable’ gold 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

"Investors are swinging back to caution," said Randy Bateman, chief investment officer and president of Huntington Asset Advisors, in an interview with Associated Press. "There's some reality that's setting in that we're not out of the woods yet on this economy."

Selected expected U.S. earnings releases for Wednesday
(Consensus Estimates vs. Last Year)
Joy Global (NASDAQ: JOYG) Q3 $1.52 vs. $1.13
Oxford Industries (NYSE: OXM) Q2 $0.53 vs. $0.28
The Cooper Companies (NYSE: COO) Q3 $1.08 vs. $0.91


Selected expected Canadian earnings releases for Wednesday
(Consensus Estimates vs. Last Year)
Canadian Imperial Bank of Commerce (TSX: T.CM) Q3 N/A vs. $1.66

Today In The Markets

Stock markets close higher on hopes for more economic stimulus; oil, gold higher

DJIA 11,559.95 +20.70 Click to enlarge
NASDAQ 2,576.11 +14.00 Click to enlarge
S&P500 1,212.92 +2.84 Click to enlarge
S&P/TSX 12,634.71 +129.86 Click to enlarge
S&P/TSX Venture 1,802.76 +32.90 Click to enlarge

(The Canadian Press) TORONTO-NEW YORK - Stock markets closed higher on Tuesday as investors looked past a negative reading of American consumer confidence and focused on what the U.S. Federal Reserve could do to help keep the economic recovery from faltering.

The S&P/TSX composite index was the big gainer, thanks in part to strength in gold stocks and tech heavyweight Research In Motion Ltd., closing up 129.87 points to 12,634.71, while the TSX Venture Exchange gained 32.9 points to 1,802.76.

New York's Dow Jones industrial average was well off an early, triple digit slide, closing up 20.7 points to 11,559.95.

The Nasdaq composite index was up 14 points to 2,576.11 while the S&P 500 index rose 2.84 points to 1,212.92.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

VMware (NYSE: VMW, Stock Forum) announced new technology innovation and enhancements to their combined virtualization solutions that help customers accelerate their journey to the cloud. Expanding on a strategic relationship and engineering collaboration that spans more than four years, the companies, in conjunction with industry partners, unveiled a breakthrough in network virtualization that will broaden the mobility range of virtual machines across multiple datacenters and cloud environments.

Americas Petrogas (TSX: V.BOE, Stock Forum), a Canadian company, is pleased to announce that it has, through its wholly-owned Argentina subsidiary, Americas Petrogas Argentina S.A., entered into a farm-out agreement with ExxonMobil Exploration Argentina S.R.L., a wholly-owned subsidiary of Exxon Mobil Corp. (NYSE:XOM, Stock Forum) for the exploration and potential exploitation of Americas Petrogas's Los Toldos blocks (163,500 gross acres or 255 sections or 660 square kilometers) located in Neuquén, Argentina. The Los Toldos blocks are located in the western region of the Neuquen Basin and are in a favorable location relative to other recent discoveries of shale oil and shale gas in the Vaca Muerta formation.



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