Stockhouse @ the Bell: Stock gains fade as dollar rises

Today on Stockhouse

Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.

Ticker Trax’s Thom Calandra writes about what he considers are cheap natural resource prospects mentioned on his Nevada road trip.

While Marc Davis of BNWnews.ca discusses how Western Potash (WPX) is weighing its M&A options.

Top Bullboards post: “To start with, XME have a strong and experienced management team who own 20% of the float. It is fully funded for its first 2 years of funding commitments and it has strong instit backing from Sprott and MF plus others … Today’s assays are for drilling that is taking place outside but contiguous to the 43-101 area in zones that have been shown to be mineralized from historical exploration work. The area being referred to is quite large.... 1200m in strike........... and contains many high grade intercepts … As can be seen there have been many other intercepts of similar grade ore over very wide areas around the DO zone, that have the potential to increase the current resource by several multiples…and at grades that are quite robust for open pit mining.” From TheRock07 on the Xmet Inc. (TSX: V.XME, Stock Forum) board.

Top Bullboard: Seafield Resources (TSX: V.SFF, Stock Forum) received the most reads and posts.

Top blog: littleguy123 discusses what’s next for the silver price in the Outside the Market blog.

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

Word on Wall Street

"The animal spirits of investors remain bullish," said Channing Smith, a money manager and managing director of Capital Advisors Inc., in an interview with Associated Press.

Today In The Markets

TSX declines amid strong BMO earnings, lower oil; BoC leaves rates unchanged

DJIA	11,359.16	-3.03
NASDAQ	2,598.49	+3.57
S&P500	1,223.75	+0.63
S&P/TSX	13,250.67	-25.34
S&P/TSX Venture	2,117.21	-10.52

Toronto & New York (The Canadian Press) - The Toronto stock market was lower Tuesday amid more positive earnings from the financial sector and weaker oil prices.

The S&P/TSX composite index closed down 25.34 points at 13,250.67 as traders also took in news that the Bank of Canada is leaving its key rate unchanged at one per cent.

The TSX Venture Exchange was off 10.52 points at 2,117.21.

U.S. indexes had earlier rallied after U.S. President Barack Obama announced an agreement with Republicans to extend the Bush-era tax cuts for two years, while also renewing unemployment benefits and granting a one-year reduction in Social Security taxes.

But indexes lost much momentum late in the afternoon with the Dow Jones industrial average losing an 88-point lead to close down 3.03 points at 11,359.16.

The Nasdaq composite index was ahead 3.57 points at 2,598.49 while the S&P 500 index added 0.63 of a point to 1,223.75.

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

After-Hours News

Texas Instruments Inc. (NYSE: TXN, Stock Forum)
Texas Instruments Inc. (NYSE: TXN, Stock Forum), in a scheduled update to its business outlook for the fourth quarter of 2010, narrowed its expected ranges for revenue and earnings per share. The company currently expects its financial results to be within the following ranges: Revenue: $3.43 - 3.57 billion, compared with the prior range of $3.36 - 3.64 billion, and EPS: $0.61 - 0.65, compared with the prior range of $0.59 - 0.67.

Evertz Technologies Ltd. (TSX: T.ET, Stock Forum)
Evertz Technologies Ltd., a leading equipment provider to the television broadcast industry, reported its results, for the second quarter ended October 31, 2010, of its fiscal 2011 year. Sales in the quarter were $82.3 a 13% increase from $72.9 million a year earlier. Net earnings for the quarter came in at $20.9 million or 28 cents, compared to $17.5 million or 23 cents in the equivalent 2010 quarter.