Today on Stockhouse
Thom Calandra puts focus on Colombia at New Orleans investment conference.
Andrew Green looks at how to avoid the next Netflix.
Clif Droke wonders if the consumer spending surge is a “dance of death?”
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Top Bullboards post: Thanks Saldo. You guys are right. I think I will sell my Teuton Resources Corp. (TSX: V.TUO, Stock Forum) and invest in AMK. You will see my transaction go through soon, as there has been no trades so far in AMK and I will put in an order as soon as I finish this post. I am no longer concerned about the money in the bank, based on reassurances from those on this board. Thanks, I just routed my market order (buy at the market) so it should go through rather quickly, thanks jumper. From Jumper_Won on the American Creek Resources Ltd. (TSX: V.AMK, Stock Forum) board.
Top Bullboard:Yellow Media (TSX: T.YLO, Stock Forum) received the most reads and posts.
Top blog:Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ: QTWW, Stock Forum) QTWW is holding a solid base above $2. A channel has been developed throughout October with resistance in the area of $2.30. Technical traders will be watching for a break of the channel as the lower indicators align for a possible move. The bottom support must hold to stay in play. QualityStocks was commenting in the Quantum Fuel Systems blog.
For news about small stocks that made big moves Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report
Word on Wall Street
“October is the scare month — it’s not trick or treat, it’s the month of crashes. I’ve lived through some of them. But this month it’s all treat, no trick,” said Howard Silverblatt, senior index analyst at S&P Indices, during an interview with MarketWatch.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| American Capital Ltd. (NASDAQ: ACAS) |
Q3 |
$0.20 vs. $0.21 |
|
| American Tower Corp. (NYSE: AMT) |
Q3 |
$0.25 vs. $0.23 |
|
| Archer-Daniels Midland (NYSE: ADM) |
Q1 |
$0.67 vs $0.54 |
|
| CF Industries Holdings (NYSE: CF) |
Q3 |
$0.78 vs $0.18 |
|
| EOG Resources Inc. (NYSE: EOG) |
Q3 |
$0.78 vs $0.18 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Daylight Energy (TSX: T.DAY) |
Q3 |
-$0.03 vs. -$0.09 |
|
| Thomson Reuters ( TSX: T.TRI) |
Q3 |
$0.54 vs $0.45 |
|
|
Today In The Markets
TSX falls 267 points on European debt worries, exits October trading much higher
|
| DJIA |
11,955.01 |
-276.10 |
 |
|
| NASDAQ |
2,684.41 |
-52.74 |
|
|
| S&P500 |
1,253.30 |
-31.79 |
|
|
| S&P/TSX |
12,252.06 |
-267.45 |
|
|
| S&P/TSX Venture |
1,614.90 |
-14.99 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market tumbled Monday and commodity prices weakened as a strong rally from last week stalled amid an absence of detail about a plan to deal with the European debt crisis.
The S&P/TSX composite index lost 267.46 points to 12,252.06 while the TSX Venture Exchange dropped 14.99 points to 1,614.9.
U.S. markets also stepped back as the Dow industrials plunged 276.1 points to 11,955.01. The Nasdaq fell 52.74 points to 2,684.41 while the S&P 500 index dropped 31.79 points to 1,253.3.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
FMC Corp. (NYSE: FMC, Stock Forum)
FMC Corp. reported net income of $86.8 million, or $1.21 per diluted share, in the third quarter of 2011, versus net income of $82.9 million, or $1.13 per diluted share, in the third quarter of 2010. Net income in the current quarter included restructuring and other income and charges of $12.4 million after-tax, or charges of $0.18 per diluted share, versus restructuring and other income and charges of $3.1 million after-tax, or charges of $0.05 per diluted share, in the prior-year quarter Third quarter revenue of $862.1 million increased 16 percent excluding the prior-year impact of exited businesses.
RED Rock Energy Inc. (TSX: V.RRK, Stock Forum)
RED Rock Energy In.c. announces that the Letter of Engagement with Wolverton Securities Ltd. dated September 6, 2011 with respect to a brokered private placement financing has been terminated by mutual agreement of the parties.
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