Today on Stockhouse
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Peter Kennedy reports on how the juniors are being hampered by assay bottlenecks in his Stockhouse Movers & Shakers column.
Top Bullboards post: “Initial capital costs only 144 million (15,000 tpd)… with economics like those presented in the PEA, it shouldn't be hard to find this money from a deep pocketed partner. Large -ve costs of production with potash and boric acid credits… very valuable by products… maybe this could be mined for the potash (and boric acid) alone… i.e increase production beyond 25,000 tpd nice to see they finally ditched the 10,000 tpd plans in the highlights payback less than 2 years.” From letsgetready on the Rodinia Lithium (TSX: V.RM, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:LexLuthor2 believes this micro cap stock could perk up your portfolio in the The Lex Corp News Letter 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
"Europe is the last big question hanging over the market, and drowned out a decent earnings season," said Rick Fier, vice president of equity trading at Confier Securities, in an interview with Associated Press. "The market has been so whipsawed lately that it's really just staying in place until we know some more outcomes."
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| 99 Cents Only Stores (NYSE: NDN) |
Q2 |
$0.22 vs. $0.18 |
|
| Cisco Systems (NASDAQ: CSCO) |
Q1 |
$0.39 vs. $0.42 |
|
| Green Mountain Coffee Roasters (NASDAQ: GMCR) |
Q4 |
$0.48 vs. $0.22 |
|
| Macy's (NYSE: M) |
Q3 |
$0.16 vs. $0.08 |
|
| Ralph Lauren (NYSE: RL) |
Q2 |
$2.24 vs. $2.09 |
|
| Summer Infant (NASDAQ: SUMR) |
Q3 |
$0.16 vs. $0.13 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| First Majestic Silver (TSX: T.FR) |
Q3 |
$0.24 vs. $0.11 |
|
| Lake Shore Gold ( TSX: T.LSG) |
Q3 |
$0.00 vs. $ - 0.01 |
|
| Taseko Mines (TSX: T.TKO) |
Q3 |
$0.09 vs. $0.01 |
|
| Wi-Lan (TSX: T.WIN) |
Q3 |
$0.17 vs. $0.01 |
|
Today In The Markets
Toronto stock market closes higher as Italy's Berlusconi announces plans to quit
|
| DJIA |
12,170.18 |
+101.79 |
 |
|
| NASDAQ |
2,727.49 |
+32.24 |
|
|
| S&P500 |
1,275.92 |
+14.80 |
|
|
| S&P/TSX |
12,488.85 |
+26.87 |
|
|
| S&P/TSX Venture |
1,669.67 |
+7.75 |
|
|
TORONTO, NEW YORK (CP) - The Toronto stock market closed slightly higher Tuesday on word that Italian premier Silvio Berlusconi is stepping down — but only after parliament passes his 2012 budget.
The S&P/TSX composite index gained 26.87 points to 12,488.85, dragged down by lower gold stocks.
The TSX Venture Exchange was up 7.76 points at 1,669.67.
U.S. markets jumped following the Berlusconi announcement with the Dow industrials closing up 101.79 points at 12,170.18, the Nasdaq composite index climbed 32.24 points to 2,727.49 and the S&P 500 index was ahead 14.8 points to 1,275.92.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE: BEN, Stock Forum)
Franklin Resources, Inc. (Franklin Templeton Investments) reported preliminary month-end assets under management by the company's subsidiaries of $694.1 billion at October 31, 2011, compared to $659.9 billion at September 30, 2011, and $664.3 billion at October 31, 2010.
Atacama Pacific Gold Corp. (TSX: V.ATM, Stock Forum)
Atacama Pacific Gold Corp. said it has commenced a US$24.5 million Phase III exploration program on its 100%-owned Cerro Maricunga Gold Project located in Chile's Maricunga Mineral Belt. Approximately two thirds of the 42,000 metres of drilling planned will be dedicated to infill drilling with the goal of converting the existing inferred category gold ounces to the measured and indicated categories.