Stockhouse @ the Bell: Late day jump brings Dow into the green
Today on Stockhouse
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Matt Badiali explains how Rick Rule protects clients from risks associated with a runup in oil prices.
While Sy Harding points to a forthcoming report that could help explain how the Lehman Brothers bankruptcy figured in the overall financial meltdown in 2008.
Top Bullboards post: On the KWG Resources (TSX: V.KWG, Stock Forum) Bullboard, posters were wondering about the reasons behind the company’s recent share price charge. Sparkalinda wrote: “Are we not waiting on the results from 8 of the 10 holes of their latest drill program. The first two looked good - great. Perhaps they have found something else in the remaining 8?”
Top Bullboard: Eagle Hill Exploration (TSX: V.EAG, Stock Forum) was the top Bullboard on Monday with 101 posts.
Top blog: On the Carpe Diem blog, fredski outlined the THAI process for recovering heavy oils from the oil sands.
For news about small stocks that made big moves in Monday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"The OPEC members will get away with as much as they can as long as the financial players are boosting prices through speculation," said analyst Fadel Gheit of Oppenheimer & Co. in an interview with Marketwatch. "The wind is at their sail."
Today In The Markets
Weaker commodities issues versus stronger consumer issues
Toronto & New York (The Canadian Press) - The commodities sector led the way to a decline on the Toronto stock market Monday amid concerns over sovereign debt ratings in some of the world's most powerful countries and worries that the Chinese economy could slow.
New York markets were also negative as the Federal Reserve gets set to meet Tuesday to discuss interest-rate policy. While it is unlikely to raise a key interest rate from historic lows, traders will be looking for clues in the Fed's statement as to when it might make a move.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Limited Brands (NYSE: LTD, Stock Forum) The company, which is the parent of Victoria’s Secret and other retailers, announced after the close that it would buy back up to $200 million of its shares on the open market. As well, the company said it would pay out a share special dividend of $1 per share.
Uranium Energy Corp (AMEX: UEC, Stock Forum) The company announced what it termed “excellent” results from 87 of its 215-hole drilling program at its 100% owned Palangana project in South Texas. New drilling results are expected to add to the 43-101-compliant resource estimate that concluded the project has a measured and indicated resource of 1,057,000 pounds at an average grade of 0.176%. Among the results reported Monday included 43 holes in the CC Brine Trend with one hole with 18.5 feet grading 0.636% and 10.5 feet grading 0.848% cU3o8.

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