Today on Stockhouse
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Frank Holmes of U.S. Global Investors discusses which gold miners he believes have the largest upside.
Top Bullboards post: After pondering the implications of this deal for the past 24 hrs, what should be clear to the market now is that WZR is a bona fide / legitimate E&P and not just a micro cap venture traded junior plagued by whimsical day traders and speculators. Yes - there will still be 'noise' around WZR, but bringing in a SWF such as Taqa proves the long term value / potential and separates WZR from the 'junior pack." With production from SQ1 due to start trucking any day now (release likely imminent), MQ1 humming along, and the potential for world class reserves from the oligocene at Topkhana and K2, I believe the pendulum has swung in the company's favour. From john_galt on the WesternZagros Resources (TSX: V.WZR, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts on a day its stock price powered more than 23% higher.
Top blog:balraj_rakhra offers up two junior stock picks, one gold and one graphite in the Investment Ideas 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.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| American Express (NYSE: AXP) |
Q3 |
$0.96 vs. $0.90 |
|
| eBay (NASDAQ: EBAY) |
Q3 |
$0.48 vs. $0.40 |
|
| Kinder Morgan Management (NYSE: KMR) |
Q3 |
$0.47 vs. $0.22 |
|
| Morgan Stanley (NYSE: MS) |
Q3 |
$0.30 vs. $0.05 |
|
| Tractor Supply Company (NASDAQ: TSCO) |
Q3 |
$0.52 vs. $0.43 |
|
| Wynn Resorts (NASDAQ: WYNN) |
Q3 |
$1.18 vs. $0.39 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Aastra Technologies (TSX: T.AAH) |
Q3 |
$0.31 vs.$0.03 |
|
|
Today In The Markets
Stock markets jump on reports that European rescue fund will be expanded
|
| DJIA |
11,577.05 |
+180.05 |
 |
|
| NASDAQ |
2,657.43 |
+42.51 |
|
|
| S&P500 |
1,225.38 |
+24.52 |
|
|
| S&P/TSX |
12,053.11 |
+130.07 |
|
|
| S&P/TSX Venture |
1,551.75 |
+10.26 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market closed sharply higher Tuesday on a new round of optimism that European leaders are set to unveil a comprehensive fix to the government debt crisis and the dangers it poses to the region's banks.
It was a wild day on markets with the S&P/TSX composite index coming back from a 167-point slide to move up 130.07 points at 12,053.11 and the TSX Venture Exchange moved points 10.26 points higher to 1,551.75.
Bank stocks also helped U.S. markets advance with the Dow Jones industrials charging ahead 180.05 points to 11,577.05.
The Nasdaq composite index was up 42.51 points to 2,657.43 while the S&P 500 index rose 24.52 points to 1,225.38.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Apple (NASDAQ: AAPL , Stock Forum)
Apple Inc. announced financial results for its fiscal 2011 fourth quarter ended September 24, 2011. The Company posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, or $7.05 per diluted share. These results compare to revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, in the year-ago quarter. Gross margin was 40.3 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.
Tirex Resources (TSX: V.TXX, Stock Forum)
Tirex Resources announces that it has submitted all of the required documentation to apply for mining permits in the areas in Albania known as Central Gurthi & North Gurthi (Koshaj), South Gurthi & Letitna, Tuc, Qaf Bari, Fushe Arres and Paluca via license application numbers LC-9821-08-2011, LC-9819-08-2011, LC-9822-08-2011, LC-9820-08-2011, LC-9817-08-2011 and LC-9818-08-2011. These areas of the Mirdita District have been the subject of substantial investment by Tirex during the past four years and held by Tirex within Tirex's exploration land package (Exploration Concession 1013). To date, Tirex has spent a total of approximately $25 million on the company's Mirdita VMS Project. Tirex has now applied to transition the six specific areas into production based on successful work that variously consisted of drilling, database compilation, airborne geophysics, ground geophysics, geochemistry and geological mapping.
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