Today on Stockhouse
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Brett Eversole of DailyWealth explains why he believes Silver Wheaton is still a double in waiting.
Top Bullboards post: “Close to CBJ.v, the whole area is on fire, so far it’s trading like a trouper.” From stockpuppy on the Calvista Gold (TSX: T.CVZ, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:keelowna62 outlines why this cobalt junior could be the “buy of a generation” in the T.FCO could be the buy of a generation blog.
For news about small stocks that made big moves Tuesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“Yesterday and today it’s the G-20 and Greece, are they going to go along with this deal or have they screwed it up,” said Marc Pado, U.S. market strategist at Cantor Fitzgerald, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Approach Resources (NASDAQ: AREX) |
Q3 |
$0.21 vs. $0.11 |
|
| Gibraltar Industries (NASDAQ: ROCK) |
Q3 |
$0.24 vs. $0.06 |
|
| Mastercard (NYSE: MA) |
Q3 |
$4.82 vs. $3.94 |
|
| QUALCOMM (NASDAQ: QCOM) |
Q4 |
$0.78 vs. $0.68 |
|
| Time Warner (NYSE: TWX) |
Q3 |
$0.76 vs. $0.62 |
|
| Whole Foods Market (NASDAQ: WFM) |
Q4 |
$0.41 vs. $0.33 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Endeavour Silver (TSX: T.EDR) |
Q3 |
$0.19 vs. $0.00 |
|
| HudBay Minerals ( TSX: T.HBM) |
Q3 |
$0.25 vs. $0.08 |
|
| Talisman Energy (TSX: T.TLM) |
Q3 |
$0.24 vs. $0.02 |
|
| Yamana Gold (TSX: T.YRI) |
Q3 |
$0.29 vs. $0.16 |
|
|
Today In The Markets
Stock markets tumble after Greece stuns investors with referendum plan
|
| DJIA |
11,657.96 |
-297.05 |
 |
|
| NASDAQ |
2,606.96 |
-77.45 |
|
|
| S&P500 |
1,218.28 |
-35.02 |
|
|
| S&P/TSX |
12,115.10 |
-136.96 |
|
|
| S&P/TSX Venture |
1,588.88 |
-26.02 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market closed sharply lower Tuesday after Greece's decision to hold a referendum on its latest rescue package stunned investors and sent shockwaves of uncertainty through global markets.
"It was definitely a bombshell," said Alan Small, senior investment adviser with Dundee Wealth.
The S&P /TSX composite index closed well off the worst levels of the day, coming back from a 338-point plunge to finish the session down 136.95 points to 12,115.1 amid a solid gain in the gold sector. The junior TSX Venture Exchange fell 26.02 points to 1,588.88.
U.S. markets closed around its worst levels of the day, as the Dow industrials fell 297.05 points at 11,657.96, the Nasdaq was off 77.45 points at 2,606.96 and the S&P 500 index dropped 35.02 points to 1,218.28.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
The New America High Income Fund, Inc. (NYSE: HYB, Stock Forum)
The New America High Income Fund, Inc. announced that it will pay a dividend of $.065 per share on the company's common stock on November 30, 2011 to common shareholders of record as of the close of business on November 16, 2011. The ex-dividend date will be November 14th.
Lundin Mining Corp. (TSX: T.LUN, Stock Forum)
Lundin Mining Corp. said Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX, Stock Forum), as operator of the Tenke Fungurume mining operations in the Democratic Republic of Congo has advised that its Board has approved the undertaking of a second phase of expansion at Tenke Fungurume, which targets the addition of approximately 150 million pounds (68,000 tonnes) of copper cathode production annually. The Phase 2 Expansion is expected to increase copper production by 50% to approximately 195,000 tonnes of copper cathode and 15,000 tonnes of cobalt in hydroxide, targeted for completion in 2013.
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