Stockhouse @ the Bell: Stocks sag on homes data disappointment

Today on Stockhouse

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Peter Kennedy reports on why a cease trade order continues in B.C for one junior explorer in his Stockhouse Short Report.

Top Bullboards post: “There is a "bonanza" intersection of 6140 g Au/t over 1 m from 375m - 376 m. If you look at the adjacent samples (see below) you'll notice that the upper sample adjacent to the bonanza grade assayed 1.87 g Au/t over 1 m. The sample below the 6140 g Au/t assayed 0.59 g Au/t over 4 m. They then "weighted" the samples to calculate an average grade over the 6 m. Multiply the intersection width by the grade for each sample. Then total those numbers and divide by the total width (in this case 6 m) and you get the "weighted average" grade over the total width - 1024 g Au/t over 6 m. Like you pointed out correctly, most of that grade is attributable to the 6140 g Au/t over 1 m interval - still impressive nonetheless.” From mooreman on the Golden Hope Mines (TSX: V.GNH, Stock Forum) board.
Top Bullboard: CardioComm Solutions (TSX: V.EKG, Stock Forum) received the second-most reads and posts on a day its stock price slipped more than 11%.

Top blog:LexLuthor2 believes this gold junior will soon show a one million ounce resource increase in the Lex Corp News Letter blog.

For news about small stocks that made big moves Thursday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

“Investor enthusiasm and optimism seems to be as high as [they’ve] been for years, and it just doesn’t seem to be justified in terms of the economic and fundamental realities,” said Bruce McCain, chief investment strategist at Key Private Bank, in an interview with MarketWatch.

Today In The Markets

TSX closes lower: UBS downgrades insurers, enthusiasm over Fed rate move fades

DJIA	12,734.63	-22.33
NASDAQ	2,805.28	-13.03
S&P500	1,318.45	-7.60
S&P/TSX	12,464.32	-74.89
S&P/TSX Venture	1,614.77	+10.72

TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed lower Thursday as a burst of enthusiasm that followed the U.S. Federal Reserve's latest move to support the American economy fizzled after one session.

The S&P/TSX composite index was down 74.89 points to 12,464.32 amid some negative U.S. housing and jobs data while the TSX Venture Exchange rose 10.73 points to 1,614.77.

U.S. markets also weakened with the Dow industrials down 22.33 points to 12,734.63. The Nasdaq fell 13.03 points to 2,805.28 and the S&P 500 index slipped 7.6 points to 1,318.45.

Please click here for the complete U.S. and Canadian market summaries.

After-Hours News

Starbucks (NASDAQ: SBUX, Stock Forum)
After Thursday’s close, the coffee retail giant said fiscal first-quarter profit rose 10% to $382.1 million, or 50 cents a share, from a year ago. Revenue rose 16% to a record $3.4 billion. Wall Street expected 49 cents a share in earnings on revenue of $3.3 billion. Starbucks said comparable store sales worldwide increased 9%, comprised of a 7% increase in customer traffic and a 2% gain in average receipt price.

Crocodile Gold (TSX: T.CRK, Stock Forum)
The junior gold miner, after Thursday’s closing bell, provided its outlook for 2012 production as well as discuss major plans for the year ahead. In terms of guidance, management expects its mines to produce between 75,000 and 85,000 ounces of gold at a cash cost of US$1,100 to $1,300 per ounce, with the majority of production to come from the Cosmo Mine.