Today on Stockhouse
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Jeff Clark of Growth Stock Wire describes how he plans to trade silver in 2012.
Top Bullboards post: “Today's results are very interesting. They're in line with what the previous operators of Cadillac's property have mined in the 90's: that is grades > 1 g/t au. Keep in mind that the reason they suspended their operations on Goldstrike back then was purely financial (gold price was 4 times lower than today), so it's obvious they missed out on a lot, and probably most, of the gold there. I'm very curious about the results of the next drill program. What's certain is that if they can keep up delivering 2 out of 3 holes with grades like today then this one could run massively. I hope management arranges a private placement this time around to really get this company on track once and for all. Let’s also not forget CQX's Wasamac property in Quebec: that was actually the project that sparked my interest in this company. Wasamac alone has the potential to be a company maker.” From ElGrandeBurrito on the Cadillac Mining (TSX: V.CQX, Stock Forum) board.
Top Bullboard: Intertainment Media Inc.(TSX: V.INT, Stock Forum) received the most reads and posts on a day its share price rose more than 8%.
Top blog:LexLuthor2 profiles a Canadian energy stock with what he considers to be a good dividend and that was recently listed on the NYSE in 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
"It's (Dow 13,000) significant because anything that helps pull the retail investors back into the market is helpful," said Nicholas Colas Chief Market Strategist ConvergEx Group, in an interview with CNNMoney. "A nice round number is a good thing."
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Boston Beer Company (NYSE: SAM) |
Q4 |
$1.12 vs. $0.84 |
|
| Dollar Tree (NASDAQ: DLTR) |
Q4 |
$1.59 vs. $1.29 |
|
| Hewlett-Packard Company (NYSE: HPQ) |
Q1 |
$0.87 vs. $1.36 |
|
| Limited Brands (NYSE: LTD) |
Q4 |
$1.46 vs. $1.26 |
|
| Universal Truckload Services (NASDAQ: UACL) |
Q4 |
$0.30 vs. $0.20 |
|
| Volcano (NASDAQ: VOLC) |
Q4 |
$0.05 vs. $0.00 |
|
| Selected expected Canadian earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Lundin Mining (TSX: T.LUN) |
Q4 |
$0.11 vs. $0.23 |
|
| Pan American Silver (TSX: T.PAA) |
Q4 |
$0.53 vs. $0.41 |
|
| Yamana Gold ( TSX: T.YRI) |
Q4 |
$0.24 vs. $0.23 |
|
|
Today In The Markets
TSX surges as China moves to encourage growth, Greece secures bailout deal
|
| DJIA |
12,965.69 |
+15.82 |
 |
|
| NASDAQ |
2,948.57 |
-3.21 |
 |
|
| S&P500 |
1,362.21 |
+0.98 |
|
|
| S&P/TSX |
12,623.36 |
+165.06 |
 |
|
| S&P/TSX Venture |
1,678.63 |
+20.48 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed sharply higher Tuesday after prices for oil and other commodities rose amid moves by China to encourage economic growth.
But response to an agreement to lend Greece €130 billion to avoid a debt default was muted on global equity markets.
The S&P/TSX composite index ran ahead 165.06 points to 12,623.36 while the TSX Venture Exchange jumped 20.49 points to 1,678.63.
Most U.S. indexes chalked up small gains while the Dow Jones industrial average cracked the 13,000-mark, a level not seen since May 2008, before the financial crisis brought the U.S. economy to its knees.
The blue chip barometer later backed off slightly and closed up 15.82 points at 12,965.69. The Nasdaq was down 3.21 points to 2,948.57 and the S&P 500 index rose 0.98 of a point to 1,362.21.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Dell Inc. (NASDAQ: DELL, Stock Forum)
Dell Inc. posted its financial results for the third quarter of fiscal year 2012. GAAP net income in the quarter was $893 million or 49 cents a share, up 9% from $822 million or 42 cents in the same period last year. Revenue in the quarter was virtually flat, reaching $15.36 billion, compared to $15.39 billion a year earlier.
Spartan Oil Corp. (TSX: T.STO, Stock Forum)
Spartan Oil Corp. announced that it has entered into an agreement with a syndicate of underwriters led by Clarus Securities Inc. and including GMP Securities L.P., Peters & Co. Ltd., AltaCorp Capital Inc., and Scotiabank pursuant to which the Underwriters have agreed to purchase, on a bought deal private placement basis, 11,364,000 special warrants of the Company at an issue price of $4.40 per Special Warrant, for gross proceeds of $50,001,600. The Underwriters have also been granted an option to purchase up to an additional 1,704,600 Special Warrants at the same price, exercisable by the Underwriters at any time up to the day that is 30 days after the closing of the offering for additional gross proceeds of up to $7,500,240.
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