Today on Stockhouse
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Bob Kirtley explains why he believes Franco Nevada is a gold play for the long term.
Top Bullboards post: “This deposit may be open, quite possibly at depth...as well as the potential for additional lateral extensions/discoveries along the strike of this deposit, since there seems to be a LARGE area of gold mineralization and thus a large area of fluids movements.....The nature of the mineralization is also very well defined and established, as being contained in/within substantial amounts of PYRITE up to 10% ... which traditionally contains the gold in many higher grades world class gold deposits...so in that sense it is a truly/exclusively a gold only deposit, a rare find indeed...” From MELLOW88 on the Eagle Hill Exploration (TSX: V.EAG, Stock Forum) board.
Top Bullboard: Cline Mining (TSX: T.CMK, Stock Forum) received the second-most reads and third-most posts on a day its stock price dropped more than 42%.
Top blog:littleguy123 describes how your bank account could disappear in the Outside the Market 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’d say for investors the Fed is largely irrelevant, as what is going on in the U.S. and around the world is a fiscal and not a monetary problem. It has to come from politicians, Congress and the president, and that’s true globally. And so the Fed will be in the news today, and for a trader that has impact,” said Gary M. Flam, portfolio manager at Bel Air Investment Advisors, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| AngioDynamics (NASDAQ: ANGO) |
Q4 |
$0.09 vs. $0.11 |
|
| Bank of the Ozarks (NASDAQ: OZRK) |
Q2 |
$0.52 vs. $1.46 |
|
| Fastenal Company (NASDAQ: FAST) |
Q2 |
$0.37 vs. $0.32 |
|
| Resources Connection (NASDAQ: RECN) |
Q4 |
$0.15 vs. $0.09 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Cogeco Cable (TSX: T.CCA) |
Q3 |
$1.08 vs. $0.90 |
|
| Cogeco Inc. ( TSX: T.CGO) |
Q3 |
$1.02 vs. $0.90 |
|
|
Today In The Markets
TSX closes higher as oil jumps, Fed fails to deliver on further stimulus
|
| DJIA |
12,604.53 |
-48.59 |
 |
|
| NASDAQ |
2,887.98 |
-14.34 |
|
|
| S&P500 |
1,341.45 |
-0.02 |
|
|
| S&P/TSX |
11,544.64 |
+32.42 |
 |
|
| S&P/TSX Venture |
1,192.79 |
-6.57 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - The Toronto stock market closed higher Wednesday with the market finding support from energy stocks on a solid jump in crude prices.
The S&P/TSX composite index closed up 32.42 points at 11,544.64. The TSX Venture Exchange gave back 6.57 points to 1,192.79.
The Dow Jones industrials declined 48.59 points to 12,604.53. The Nasdaq composite index fell 14.35 points to 2,887.98 and the S&P 500 index dipped 0.02 of a point to 1,341.45.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Clifton Star Resources (TSX: V.CFO, Stock Forum)
After Wednesday’s close, the gold junior reported results from an additional 20 drill holes from its 2012 drill program at the Duparquet Project in Quebec, which included 2.2 g/t gold over 97.9 metres.
|