Today on Stockhouse
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Frank Holmes of U.S. Global Investors describes why it is full steam ahead for China railroads.
Top Bullboards post: “There are two ways to look at this play:
- The Company: OMM is a virtual “cherry”; only 18 million shares out with NovaGold holding around 10% as a result of the Copper Canyon hiveoff. OMM's major asset is its 400,000 ounce gold deposit near Harrison, BC.
- The Sully prospect: a huge un-drilled, unexplained anomaly at exploitable depth within sight of the Sullivan and the Kootenay King; both high grade lead/zinc silver mines. Complex thrust faulting throughout the area has thwarted numerous Sullivan 2 searches over the years but a well defined geophysical anomaly reduces the Sully equation to two parameters: a) It's mineralized, or, b) it's not.
Together they provide the most attractive stock play since the recent Yukon gold discovery and this dismal market deserves some sunlight.” From Grassyknoll on the Omineca Mining and Metals (TSX: V.OMM, Stock Forum) board.
Top Bullboard: Great Western Minerals Group (TSX: V.GWG, Stock Forum) received the second-most reads and posts.
Top blog:fredski presents an article on how the Saudis have shocked and awed the oil markets in the Carpe Diem blog.
For news about small stocks that made big moves Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"I think we are leveling off here, but the overall story hasn't changed much. Even with weak signals from China, the market hasn't reacted that much, which I think is a bullish sign," said Joe Benanti, managing director at Rosenblatt Securities, in an interview with Reuters.
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Accenture plc. (NYSE: ACN) |
Q2 |
$0.86 vs. $0.75 |
|
| Cost Plus (NASDAQ: CPWM) |
Q4 |
$1.50 vs. $1.24 |
|
| Dollar General (NYSE: DG) |
Q4 |
$0.82 vs. $0.65 |
|
| FedEx Corporation (NYSE: FDX) |
Q3 |
$1.35 vs. $0.81 |
|
| Nike, Inc. (NYSE: NKE) |
Q3 |
$1.17 vs. $1.08 |
|
| Steelcase (NYSE: SCS) |
Q4 |
$0.16 vs. $0.11 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Lululemon Athletica (TSX: T.LLL) |
Q4 |
$0.45 vs. $0.32 |
|
| Silver Wheaton ( TSX: T.SLW) |
Q4 |
$0.39 vs. $0.35 |
|
Today In The Markets
Toronto Stock Exchange closes positive after swing late in the session
|
| DJIA |
13,124.62 |
-45.57 |
 |
|
| NASDAQ |
3,075.32 |
+1.17 |
 |
|
| S&P500 |
1,402.89 |
-2.63 |
|
|
| S&P/TSX |
12,436.49 |
+5.79 |
|
|
| S&P/TSX Venture |
1,577.56 |
+6.86 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto Stock Exchange closed slightly higher as commodity prices gained traction and investors reacted to a mixed report on the U.S. housing sector.
The S&P/TSX composite index added 5.79 points to 12,436.5.
Wall Street closed in the red, with the Dow Jones industrial average down 45.6 points to 13,124.6, and the broader S&P 500 index shedding 2.6 points to 1,402.89. The Nasdaq composite rose 1.17 points to 3,075.3.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Nevsun Resources (TSX: T.NSU, Stock Forum)
After Wednesday's close, the gold miner reported $548 million in revenues for 2011 on sales of 369,900 ounces of gold for an average realized price $1,620 per ounce. Average cash cost per ounce sold was $295. The company earned 74 cents a share for the year, compared with a loss of seven cents a share in 2010. Nevsun said it expects gold production between 190,000 - 210,000 ounces in 2012.