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News Summary for July 19, 2011
Tuesday, July 19, 2011 - 6:53am | 601This is your Benzinga news summary and traders' outlook for Tuesday, July 19, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher after several blue-chip companies reported positive quarterly...
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Pritchard Capital Raises HAL PT To $75
Tuesday, July 19, 2011 - 6:46am | 102Pritchard Capital has issued a report raising the Price Target on Halliburton Company (NYSE: HAL) from $61 to $75 a share. In the report Pritchard Capital writes, "The U.S. land market remains extremely robust based on rig activity thus far in the September quarter; a flat rig count through the...
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Morgan Keegan Raises PT On Halliburton To $68
Tuesday, July 19, 2011 - 6:38am | 27Morgan Keegan has raised the price target on Halliburton Company (NYSE: HAL) from $67 to $68 and maintains its Outperform rating.
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Bank of America Raises PO On Halliburton To $69
Tuesday, July 19, 2011 - 6:37am | 27Bank of America has raised the price objective on Halliburton (NYSE: HAL) from $63 to $69 and maintains its Buy rating.
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Goldman Sachs Raises PT on Halliburton To $70
Tuesday, July 19, 2011 - 6:17am | 27Goldman Sachs has raised the price target on Halliburton Company (NYSE: HAL) from $66 to $70 and maintains its Buy rating.
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ION Expands AfricaSPAN Regional Seismic Program
Monday, July 18, 2011 - 3:17pm | 172ION Geophysical Corporation (NYSE: IO) today announced that it has successfully acquired 8,700 km of regional seismic data offshore Tanzania, Mozambique, and Comoros, adding to the 14,000 km of data the company previously acquired in the region in the first two phases of its East AfricaSPAN™...
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Monday's Put/Call Ratio Leaders Leaders
Monday, July 18, 2011 - 11:28am | 78Here are today's Put/Call Ratio Leaders leaders… 1. Robert Half International (NYSE: RHI) 6,006 puts, 1 call 2. Solarwinds (NYSE: SWI) 5,230 puts, 4 calls 3. Vimpel Communications (NYSE: VIP) 16,262 puts, 23 calls 4. Cadence Pharmaceuticals (NASDAQ: CADX) 4,027 puts, 20 calls 5. FMC Technologies...
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Dahlman Rose Comments on Halliburton
Monday, July 18, 2011 - 9:07am | 98Dahlman Rose & Co. has published a report on Halliburton (NYSE: HAL) commenting on the earnings release. In the report, Dahlman wrote, "North American revenues and earnings significantly exceeded our estimates in the quarter, reflecting extremely strong conditions in drilling horizontally for...
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Earnings Roundup
Monday, July 18, 2011 - 8:19am | 549PetMed Express Inc (NASDAQ: PETS) reported a 33% decline in its fiscal first-quarter earnings. PetMed Express reported its quarterly profit at $4.8 million, or $0.22 per share, down from $7.2 million, or $0.32 per share, in the year-earlier period. Its revenue dropped 1.1% to $74 million, while...
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Pritchard Capital Provides Color on Oil Services
Monday, July 18, 2011 - 8:02am | 232Pritchard Capital provided color on the oil services sector. In a research report published today, the rating agency named its top picks. In the report, Pritchard Capital states, “The Oil Service Index (OSX-$270.21) retreated .91% last week to outperform the S&P 500 ($1,316.14) by 115 basis...
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EARNINGS WATCH
Monday, July 18, 2011 - 7:20am | 129Halliburton (HAL): Q2 EPS of $0.81 beats by $0.08. Revenue of $5.3B (+35.3% Y/Y). Transformers Boosts Hasbro Hasbro's second-quarter earnings rose 33% as revenue in the Boys category almost doubled thanks to the success of the Transformers brand. Philips Hurt … Continue reading → Related posts:...
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Benzinga's Top Pre-Market Gainers
Monday, July 18, 2011 - 6:54am | 112Newmont Mining Corporation (NYSE: NEM) shares advanced 0.84% to $57.86 in the pre-market session. NEM's trailing-twelve-month operating margin is 43.71%. EOG Resources Inc (NYSE: EOG) shares advanced 0.41% to $101.60 in the pre-market session. Analysts at FBR Capital upgraded EOG Resources from “...
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UPDATE: Halliburton Reports 54% Surge In Q2 Net Income; Shares Rise In Pre-Market
Monday, July 18, 2011 - 6:30am | 74Halliburton Co (NYSE: HAL) reported a 54% rise in its second-quarter net income. Halliburton's quarterly earnings jumped to $739 million, or $0.80 per share, from $480 million, or $0.53 per share, in the year-ago period. Its revenue climbed to $5.94 billion from $4.39 billion. Excluding one-time...
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US Stock Futures Signal Lower Start On Wall Street; IBM Earnings In Focus
Monday, July 18, 2011 - 5:10am | 285US stock futures are lower this morning, as investors are awaiting quarterly earnings from International Business Machines Corp (NYSE: IBM). Futures on the Dow Jones Industrial Average dropped 67 points to 12,385.00 and futures on the S&P 500 stock index fell 7.10 points to 1,307.40. Nasdaq 100...
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Stocks To Watch For July 18
Sunday, July 17, 2011 - 11:10pm | 197Some of the stocks that may grab investor focus today are: Wall Street expects International Business Machines Corp (NYSE: IBM) to report its Q2 EPS at $3.03 on revenue of $25.35 billion. IBM shares gained 0.49% to $176.40 in after-hours trading. Analysts are expecting Charles Schwab Corporation...