Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Frank Holmes of U.S. Global Investors explains why he believes Ben Bernanke has given gold investors reason to smile.
This as Jeb Handwerger makes a case that investors have returned to undervalued uranium miners.
Top Bullboards post: “What is the next catalyst to move this stock up? This was an excellent result however: No more results on the Fe other than met work will be available for 8 months. I suggest it may be hard to maintain at this level without something else in the interim:
1- Met work - I think we can assume it has been looked at and is understood
2 - Partner to further development?
3- Takeover of asset?
Fe prices have appeared to stabilize - at least they are not going down. This is an economic discovery that will likely be on the watch list of a number of producers.” From fentin_fury on the Canadian Orebodies (TSX: V.CO, Stock Forum) board.
Top Bullboard: iSIGN Media Solutions (TSX: V.ISD, Stock Forum) collected the second-most posts.
Top blog:cvac01 believes this gold/silver junior has multi-bagger potential in the Mining Stocks Investor Guide 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
"The big news today is Greece," said Dimitre Genov, senior portfolio manager at Artio Global Investors, in an interview with CNNMoney. "People are worried that there will be no resolution, but there seems to be news that things are going in the right direction."
Selected expected U.S. earnings releases for Wedesday |
(Consensus Estimates vs. Last Year) |
|
ClickSoftware Technologies (NASDAQ: CKSW) |
Q4 |
$0.15 vs. $0.07 |
|
iRobot Corporation (NASDAQ: IRBT) |
Q4 |
$0.32 vs. $0.26 |
|
Time Warner (NYSE: TWX) |
Q4 |
$0.87 vs. $0.67 |
|
Visa Inc. (NYSE: V) |
Q1 |
$1.45 vs. $1.23 |
|
Whole Foods Market (NASDAQ: WFM) |
Q1 |
$0.60 vs. $0.51 |
|
Selected expected Canadian earnings releases for Wednesday |
(Consensus Estimates vs. Last Year) |
|
Agrium Inc. (TSX: T.AGU) |
Q4 |
$2.08 vs. $1.10 |
|
Silvercorp Metals (TSX: T.SVM) |
Q3 |
$0.14 vs. $0.13 |
|
TMX Group ( TSX: T.X) |
Q4 |
$0.84 vs. $0.68 |
|
Today In The Markets
Stocks lower, Greek leaders postpone meeting to work out details for bailout
|
DJIA |
12,878.20 |
+33.07 |
|
|
NASDAQ |
2,904.08 |
+2.09 |
|
|
S&P500 |
1,347.05 |
+2.72 |
|
|
S&P/TSX |
12,512.42 |
-47.43 |
|
|
S&P/TSX Venture |
1,663.33 |
-0.89 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed lower Tuesday while Greece weighed on markets for a second day amid hopes that the country has arrived at a tentative deal to secure a second bailout to avoid bankruptcy.
The resource-heavy S&P/TSX composite index dropped 47.43 points, led by energy and mining sector declines, to 12,512.42.
The TSX Venture Exchange was off 0.89 of a point to 1,663.33.
U.S. indexes closed higher, helped along by a report from the U.S. government that job openings soared to the highest level in nearly three years in December.
The Dow Jones industrial average climbed 33.07 points to 12,878.2. The Nasdaq composite index rose 2.09 points to 2,904.08 and the S&P 500 index was up 2.72 points to 1,347.05.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
The Walt Disney Co. (NYSE: DIS, Stock Forum)
The Walt Disney Co. reported earnings for its first fiscal quarter ended December 31, 2011. Diluted earnings per share (EPS) for the quarter increased 18% to $1.46 billion or $0.80 from $1.30 billion or $0.68 in the prior-year quarter. Revenue in the quarter rose 1% to $10.8 billion from $10.7 billion.
Institutional Shareholder Services and Glass Lewis & Co., LLC have recommended that shareholders vote FOR the merger of Eldorado Gold Corp. (TSX: T.ELD, Stock Forum) and European Goldfields Ltd. (TSX: T. EGU, Stock Forum) to be considered at their respective special meetings on February 21, 2012. ISS and GL are leading independent international corporate governance analysis and proxy voting firms. Their recommendations assist shareholders in making decisions regarding proxy voting.