Today on Stockhouse
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TickerTrax’s Danny Deadlock explains why he believes it’s a mistake to paint all Chinese Pubco's the same shade.
Top Bullboards post: “Looks like those looking for a quick buck are exiting. The potential for Primavera is absolutely still there and based off of these drill results it would seem that B2Gold will be authorizing the next phase of their drill results. I think people looking for a slam dunk result with immediate results are all taking their cash and going home. Stick around and you will be okay here, nothing in drill results that would state otherwise.” From sedinsquared on the Calibre Mining (TSX: V.CXB, Stock Forum) board.
Top Bullboard: Intertainment Media (TSX: V.INT, Stock Forum) received the most reads and posts.
Top blog:James54 profiles one of his resource stock picks, which is up 70% so far in 2012 in the miningstocksguide.com 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
“A lot of people are on edge now. If you’re an investor, you don’t let this worry you; if you’re a trader, it’s probably a good opportunity to make some money,” said Bob Pavlik, chief market strategist at Banyan Partners, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Tuesday |
| (Consensus Estimates vs. Last Year) |
|
| CSX Corp. (NYSE: CSX) |
Q1 |
$0.38 vs. $0.35 |
|
| Goldman Sachs Group (NYSE: GS) |
Q1 |
$3.55 vs. $1.56 |
|
| Intel Corporation (NASDAQ: INTC) |
Q1 |
$0.50 vs. $0.56 |
|
| International Business Machines (NYSE: IBM) |
Q1 |
$2.65 vs. $2.41 |
|
| The Coca-Cola Company (NYSE: KO) |
Q1 |
$0.87 vs. $0.86 |
|
| Yahoo! Inc. (NASDAQ: YHOO) |
Q1 |
$0.17 vs. $0.17 |
|
Today In The Markets
TSX flat despite solid U.S. retail sales; soft China data depresses miners
|
| DJIA |
12,921.41 |
+71.82 |
 |
|
| NASDAQ |
2,988.40 |
-22.93 |
 |
|
| S&P500 |
1,369.57 |
-0.69 |
|
|
| S&P/TSX |
12,037.59 |
-2.80 |
|
|
| S&P/TSX Venture |
1,432.45 |
-27.48 |
|
|
TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed flat Monday as continued weakness in resource stocks offset the positive effects of a strong U.S. retail sales report.
The S&P/TSX composite index slipped 2.8 points to 12,037.59, down from early gains of over 80 points. Mining stocks led decliners as traders continued to react to Friday's data showing slower than expected economic growth.
U.S. markets were mixed amid earnings reports from Citigroup and Mattel that missed expectations.
The Dow Jones industrial average ran ahead 71.82 points to 12,921.41. The Nasdaq composite index dropped 22.93 points to 2,988.4 and the S&P 500 index was off 0.69 of a point to 1,369.57.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Lowe's Companies, Inc (NYSE: LOW, Stock Forum)
Lowe's Companies, Inc. said it has agreed to sell $500 million of 1.625% Notes due 2017, $750 million of 3.12% Notes due 2022 and $750 million of 4.65% Notes due 2042. Estimated net proceeds from this offering will be approximately $1.982 billion, after deducting offering expenses and underwriters’ discounts. Lowe’s intends to use the net proceeds from the notes offering for general corporate purposes, which may include repurchases of shares of our common stock, capital expenditures, acquisitions and working capital needs. Closing is expected to occur on April 23, 2012. Wells Fargo Securities, LLC., Goldman, Sachs & Co. and US Bancorp Investments, Inc. are acting as joint book-running managers for the notes offering.
Energy Fuels Inc. (TSX: T.EFR, Stock Forum)
Energy Fuels Inc. and Denison Mines Corp. (TSX: T.DML, Stock Forum) announced that they have entered into a Letter Agreement to complete a transaction whereby EFR will acquire all of Denison's mining assets and operations located in the United States from Denison in exchange for 425,441,494 common shares of EFR. Immediately following the closing of the Transaction, Denison will complete a Plan of Arrangement whereby Denison will complete a reorganization of its capital and will distribute the EFR Share Consideration to DML shareholders on a pro rata basis as a return of capital in the course of that reorganization. Upon completion of the Denison Arrangement, Denison shareholders will receive approximately 1.106 common shares of EFR for each common share of DML owned and will in aggregate own approximately 66.5% of the issued and outstanding common shares of EFR.