Today on Stockhouse
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Nick Bedford writes about a junior creating a buzz in Mexico’s silver district.
Top Bullboards post: “This folks is a different kind of PR for the reason that the IRON is visible at surface. That whole range of which New Millennium has much of it tied up, is vastly rich in the resource, and this could be even more of a catalyst to an upwards share move than some of their other properties.” From Nukey on the Beaufield Resources (TSX: V.BFD, Stock Forum) board.
Top Bullboard: Longford Energy (TSX: V.LFD, Stock Forum) received the most reads and posts on a day its share price slipped more than 12%.
Top blog:WesternRookie believes this graphite junior has big upside in the The Western Investor 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
"An awful lot of this (Friday's credit downgrades of nine euro zone countries by Standard and Poor's) is baked in," said Bob Gorman, chief portfolio strategist at TD Waterhouse, in an interview with Reuters. "Ratings agencies tend to be a lagging indicator rather than a leading one. They respond to what has happened rather than what is going to happen."
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| Citigroup (NYSE: C) |
Q4 |
$0.49 vs. $0.40 |
|
| Forest Laboratories ( (NYSE: FRX) |
Q3 |
$1.01 vs. $1.34 |
|
| Origin Agritech (NASDAQ: SEED) |
Q4 |
$0.09 vs. $ - 0.09 |
|
| TD Ameritrade Holding (NASDAQ: AMTD) |
Q1 |
$0.26 vs. $0.25 |
|
| Wells Fargo & Company (NYSE: WFC) |
Q4 |
$0.72 vs. $0.61 |
|
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Today In The Markets
Toronto stock market, commodity prices advance despite S&P downgrades
|
| DJIA |
12,422.06 |
N/A |
 |
|
| NASDAQ |
2,710.67 |
N/A |
|
|
| S&P500 |
1,289.09 |
N/A |
|
|
| S&P/TSX |
12,258.60 |
+27.54 |
 |
|
| S&P/TSX Venture |
1,538.93 |
+2.90 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed slightly higher Monday as commodity prices supported the TSX despite the potential knock-on effects of a downgrade of nine eurozone countries by Standard & Poor's rating agency and Greece's difficulties in thrashing out a deal with private creditors.
The S&P/TSX composite index rose 27.54 points to 12,258.6 led by gains in the mining and information technology sector, while the TSX Venture Exchange was 2.9 points higher at 1,538.93.
New York markets were closed for the Martin Luther King holiday.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Zone Resources Inc. (TSX: V.ZNR, Stock Forum)
Zone Resources Inc. (Zone) (TSX VENTURE:ZNR) reports that the Company is evaluating a range of possible strategicoptions for its Labrador Trough Iron Properties located in Northern Quebec. The Company wishes to accelerate the exploration and development of its Labrador Trough Iron Properties. In 2011 the company reported initial drill results which have been encouraging. These initial results together with an extensive land package provide an opportunity to seek potential strategic alliances with interested major companies. Such companies could provide the capacity to expedite the exploration and development of the assembled Labrador Trough Iron Properties, maximizing shareholder value.
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