Today on Stockhouse
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Keith Schaefer discusses whether the U.S. will become the world's largest oil producer.
Top Bullboards post: “Patience once again will pay off huge here. Once drilling begins in a few months then things will really start to move forward. Mary March has some of the strongest mineralization results ever seen in this entire area. This is going to make some people roll over and realize that patience on this one was always the key, as with any good stock. It was evident that the last judgment was the nail in the coffin for our opposition. Only a total idiot would re-challenge after getting his hand slapped as hard as Vinland was slapped on that last judgment. This was only going to carry on and cost them a lot more in the long run, so they did the smart thing. Now we reap the rewards as the drilling proves that this entire Mary March acreage is going to make Canstar very successful.” From wittbee on the Canstar Resources (TSX: V.ROX, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:2fast4you presents a case for silver easily seeing $75 in the Sweet on Coal, Silver, Potash & Gold... ;0) blog.
For news about small stocks that made big moves Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"Every day it seems like it's the butting of heads between whatever the latest rumor is out of Europe with good economic data and corporate earnings," said Karyn Cavanaugh, a market strategist with ING Investment Management, in an interview with Associated Press. "It's overshadowing the fact that earnings are on track to be the best year ever."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| AAON Inc. (NASDAQ: AAON) |
Q3 |
$0.25 vs. $0.21 |
|
| Franklin Covey Co. (NYSE: FC) |
Q4 |
$0.06 vs. $0.01 |
|
| Hecla Mining Co. (NYSE: HL) |
Q3 |
$0.13 vs. $0.11 |
|
| Knology (NASDAQ: KNOL) |
Q3 |
$0.33 vs. $0.15 |
|
| Northwest Pipe Co. (NASDAQ: NWPX) |
Q3 |
$0.44 vs. $0.07 |
|
| Weight Watchers International (NYSE: WTW) |
Q3 |
$0.94 vs. $0.59 |
|
| Selected expected Canadian earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Aecon Group (TSX: T.ARE) |
Q3 |
$0.38 vs. $0.27 |
|
| Franco-Nevada ( TSX: T.FNV) |
Q3 |
$0.32 vs. $0.13 |
|
| Pan American Silver (TSX: T.PAA) |
Q3 |
$0.80 vs. $0.26 |
|
| TMX Group (TSX: T.X) |
Q3 |
$0.87 vs. $0.68 |
|
Today In The Markets
Toronto stock market closes higher as bullion prices jump to six week high
|
| DJIA |
12,068.39 |
+85.15 |
 |
|
| NASDAQ |
2,695.25 |
+9.10 |
|
|
| S&P500 |
1,261.12 |
+7.89 |
|
|
| S&P/TSX |
12,461.98 |
+53.73 |
|
|
| S&P/TSX Venture |
1,661.92 |
+11.91 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market closed higher, led by the influential gold index on the back of soaring bullion prices that ended the session at a six-week closing high.
The S&P/TSX composite index added 53.73 points to 12,461.98. The junior Venture exchange was 111.91 points higher at 1,661.92.
Wall Street markets turned around midday to close in positive territory. The Dow Jones industrial average added 85.15 points to 12,068.39, while the S&P 500 index was up 7.89 points to 1,261.12. The Nasdaq index gained 9.1 points to 2,695.25.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Priceline.com Inc. (NASDAQ: PCLN, Stock Forum)
Priceline.com Inc. reported third quarter quarter 2011 financial results for the Priceline Group. The Group had revenues in the third quarter of $1.5 billion, a 45.0% increase over $1 billion a year ago. Net income in the quarter was $469.5 million or $9.17 per share, compared to $222.9 million or $4.41 a share in the year ago period.
Continental Precious Minerals Inc. (TSX: T.CZQ, Stock Forum)
Continental Precious Minerals Inc. announced that a group of shareholders (Sajjad Ebrahim, Ali Ebrahim, Salman Ebrahim, Jatinder Dhillon and Rita Hoff) has filed notice of an application in the Superior Court of Ontario for a declaration that certain actions of the company and its directors have been oppressive and unfairly disregards the interests of the applicants. The applicants seek an order of the court to call and hold a meeting of the shareholders of the company for the purpose of electing directors, an order requiring the company to pay the reasonable costs of proxy solicitation by and on behalf of the applicants and a declaration that the special quorum requirement set forth in the by-laws of the company (that not less than 50% of the outstanding shares of the company shall constitute a quorum for the purpose of electing or removing directors, changing the number of directors or amending the special quorum requirement) is invalid, together with other related relief.