Today on Stockhouse
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Mark Young analyzes the Eagle Ford shale oil region of Texas.
Top Bullboards post: “Sandstorm has a gold stream agreement to purchase 20% of the life of mine gold produced from Bachelor Lake at a per ounce price of US$500. Sandstorm made an upfront payment of US$20 million to acquire the stream in January 2011. Metanor has provided a guarantee that Sandstorm will receive a minimum of US$20 million in pre-tax cash flow over the next six years.” From Kewl2 on the Sandstorm Gold (TSX: V.SSL, Stock Forum) board.
Top Bullboard: Ithaca Energy (TSX: T.IAE, Stock Forum) received the most reads and second-most posts on a day its stock price slid more than 34%.
Top blog:littleguy123 outlines three trends that he believes rule the precious metals market in the Outside the Market 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 market has put in a technical bottom,” said Peter Cardillo, chief market economist at Rockwell Global Capital, in an interview with MarketWatch. “We will probably see a slightly better tone to the market this week, but the bias will remain defensive.”
| Selected expected U.S. earnings releases for Wednesday |
| (Consensus Estimates vs. Last Year) |
|
| Daktronics (NASDAQ: DAKT) |
Q4 |
$0.03 vs. $0.07 |
|
| Fresh Market (NASDAQ: TFM) |
Q1 |
$0.36 vs. $0.28 |
|
| Lions Gate Entertainment (NYSE: LGF) |
Q4 |
$0.25 vs. $0.33 |
|
| RBC Bearings (NASDAQ: ROLL) |
Q4 |
$0.62 vs. $0.47 |
|
|
Today In The Markets
TSX up amid Scotiabank earnings, RIM hires JPMorgan, RBC to review operations
|
| DJIA |
12,580.69 |
+125.86 |
 |
|
| NASDAQ |
2,870.99 |
+33.46 |
|
|
| S&P500 |
1,332.42 |
+14.60 |
|
|
| S&P/TSX |
11,609.30 |
+43.15 |
|
|
| S&P/TSX Venture |
1,309.34 |
-15.67 |
 |
|
TORONTO-NEW YORK (The Canadian Press) - - The Toronto stock market closed modestly higher Tuesday as Scotiabank (TSX: T.BNS) delivered quarterly earnings that beat expectations and mining stocks continued to recover from sharp losses racked up earlier this month.
The S&P/TSX composite index came down from a 121-point runup to rise 43.15 points to 11,609.3 while the TSX Venture Exchange dropped 15.67 points to 1,309.34.
The Dow Jones industrial average ran ahead 125.86 points to 12,580.69. The Nasdaq composite index gained 33.46 points to 2,870.99 while the S&P 500 index was ahead 14.6 points at 1,332.42.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Research In Motion (NASDAQ: RIMM, Stock Forum)
After Thursday’s close, the payment-services company said it expects fiscal third-quarter adjusted earnings of 68 cents to 70 cents a share on adjusted revenue of $495 million to $500 million. Analysts expected earnings of 70 cents a share on $502 million in revenue.
Rainy River Resources (TSX: T.RR, Stock Forum)
The gold junior, after Tuesday's closing bell, reported assay results from the Rainy River Gold Project in northwest Ontario, which included 4.5 g/t gold over 55.5 metres.
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