Stockhouse @ the Bell: TSX edges higher; Wall Street falls

Today on Stockhouse

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Peter Kennedy writes about a stock that has plunged 58.5% despite huge promotion in his Stockhouse Short Report.

Top Bullboards post: “Every company has a drill ready property JIm. Read there are at least 25 companies with these properties. However you don't read where there all drilling now tomorrow or next week. Only drill ready. First you need a permit 75 days then you need financing, then you need investors. If the properties were good the macs would be stepping up to the plate and buying shares, would this not demonstrate to investors how valuable these properties are. No sign of this happening, even the insiders/directors are not buying, I wonder why. If it is why would they not be loading up or do you think they are stupid or broke. You have how many properties no news of drilling, how can you get money to drill all properties. Costs to maintain the licenses, the fees paid for each property from Zimtu etc, taxes. The markets are bad in case you haven't noticed raising money is not easy. Until markets change and graphite is able to be mined and sold in quantity 50 mining leases are not going to help any company. They need to demonstrate we are going to drill, develop and even produce graghene but someone is going to have to step in with deep pockets and get this news out. That is why NGC is ahead of the curve. Being an explorer with multiple properties is not going to improve the share price.” From shiftman on the Canada Rare Earths (TSX: V.CJC, Stock Forum) board.

Top Bullboard: Orbite Aluminae (TSX: T.ORT, Stock Forum) received the second-most reads and posts.

Top blog:balraj_rakhra profiles what he considers to be an interesting met coal play in the Investment Ideas 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

"Discouraging news on initial jobless claims suggest job growth is slowing," said Jennifer Lee, senior economist at BMO Capital Markets, in an interview with Associated Press.

Today In The Markets

TSX inches higher amid relief over Spanish bond auction, disappointing data

DJIA	12,964.10	-68.65
NASDAQ	3,007.56	-23.89
S&P500	1,376.92	-8.22
S&P/TSX	12,153.69	+24.80
S&P/TSX Venture	1,396.77	-15.05

TORONTO-NEW YORK (The Canadian Press) - The Toronto stock market closed modestly higher Thursday as relief over a successful bond auction by debt-strapped Spain competed with some disappointing American economic data.

The S&P/TSX composite index gained 24.8 points to 12,153.69 while the TSX Venture Exchange lost 15.05 points to 1,396.77.

The Dow Jones industrial average fell 68.65 points to 12,964.1, the Nasdaq was 23.89 points lower at 3,007.56 and the S&P 500 index was down 8.22 points at 1,376.92.

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

After-Hours News

Microsoft (NASDAQ: MSFT, Stock Forum)
After Thursday’s close, the software giant said it earned $5.11 billion, or 60 cents a share, on $17.41 billion in revenue in its third quarter. During the same period a year ago, Microsoft earned $5.23 billion, or 61 cents a share, on sales of $16.4 billion. Wall Street expected the world’s largest software company to earn 58 cents a share on $17.16 billion in revenue.

Newstrike Capital (TSX: V.NES, Stock Forum)
The gold junior, after Thursday’s closing bell, reported the next series of drill results completed in the 2012 drill program in progress at its 100%-owned Ana Paula Project in Mexico, which included 25.03 meters of 5.10 g/t gold.