Today on Stockhouse
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Hubert Moolman explains why he believes silver offers a golden opportunity.
Top Bullboards post: “NES is always working on the property … the work done so far has given us most likely 3 or more million ounces and is adding more with every hole… so in short it won’t be one thing that moves us… unless something surprises… always a possibility… but I believe with sentiment changing more news flow from the property and continued great results we will be moving much higher in the not too distant future!” From caliche on the Newstrike Capital (TSX: V.NES, Stock Forum) board.
Top Bullboard: Africa Oil (TSX: V.AOI, Stock Forum) received the second-most reads and posts on a day its share price slid more than 14%.
Top blog:ghost11 thinks investors should keep their eyes on this oil producer with an 11 P/E in the GHOST TRADER2 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
“Obviously Jamie Dimon is not the single largest driver of the market, but clearly he’s the dominant conversation. In front of the Greek elections Sunday, today’s testimony provides a welcome diversion,” said Dan Greenhaus, chief global strategist at BTIG LLC., in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Kroger Co. (NYSE: KR) |
Q1 |
$0.73 vs. $0.70 |
|
| Lakeland Industries (NASDAQ: LAKE) |
Q1 |
$0.06 vs. $0.22 |
|
| Pier 1 Imports (NYSE: PIR) |
Q1 |
$0.16 vs. $0.12 |
|
| Smithfield Foods (NYSE: SFD) |
Q4 |
$0.53 vs. $0.85 |
|
| Winnebago Industries (NYSE: WGO) |
Q3 |
$0.12 vs. $0.04 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Coastal Contacts (TSX: T.COA) |
Q2 |
$0.00 vs. $0.00 |
|
| Rubicon Minerals ( TSX: T.RMX) |
Q2 |
$0.00 vs. $ - 0.01 |
|
Today In The Markets
Toronto stock market closes lower on falling oil prices, eurozone nervousness
|
| DJIA |
12,496.38 |
-77.42 |
 |
|
| NASDAQ |
2,818.61 |
-24.46 |
|
|
| S&P500 |
1,314.88 |
-9.30 |
|
|
| S&P/TSX |
11,497.87 |
+0.57 |
 |
|
| S&P/TSX Venture |
1,243.88 |
-25.82 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - The Toronto stock market gave up a solid advance to close lower as energy stocks retreated on a sign of falling demand and concerns about potential fallout from the worsening debt crisis in Europe.
The resource-intensive S&P/TSX composite index gave up a gain of about 80 points to inch up 0.58 of a point to 11,497.87, as traders focused on Spain and Italy and the higher borrowing costs both countries are facing. The TSX Venture Exchange lost 25.83 points to 1,243.88.
The Dow Jones industrials closed down 77.42 points to 12,496.38, the Nasdaq composite index slipped 24.46 points to 2,818.61 and the S&P 500 index lost 9.3 points to 1,314.88.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Evertz Technologies (TSX: T.ET, Stock Forum)
After Wednesday’s close, the equipment provider to the television broadcast industry reported an 11% increase in fourth-quarter revenue to $76.3 million from $69.0 million, while net earnings for the quarter were $13.5 million, or 18 cents a share, compared with $12.4 million, or 16 cents a share, during the same period last year.