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Cramer Likes Transocean And Schlumberger (RIG, SLB)
Tuesday, February 16, 2010 - 3:47pm | 116On CNBC's Stop Trading segment today, Jim Cramer said that he likes both Transocean (NYSE: RIG) and Schlumberger (NYSE: SLB), which are part of the oil services sector. He said that both stocks are "cheap," and that drilling is going on everywhere right now. He said that Transocean (RIG) has more...
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Dresser-Rand Group, Inc.’s (DRC) Coverage Initiated With A Neutral Rating
Friday, February 12, 2010 - 6:06pm | 112Analysts at SIG Susquehanna have initiated coverage for Dresser-Rand Group, Inc. (NYSE: DRC) with a Neutral rating. According to analysts, the company’s reliable Aftermarket business, which has a 25%+ operating margins, will provide attractive earnings visibility during the next several years....
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Benzinga's Top ETF Gainers (EDC, UCO, UYM, ERX)
Tuesday, February 9, 2010 - 6:21pm | 242The market bounced back after recent downturn and ETFs were there to follow. Commodity emerging market bull ETFs had the biggest gains today. Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) jumped 9.25% as the MSCI Emerging Markets Index performed really well today, on the news of a...
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Earnings Roundup (PHM, MCD, TAP, CAM)
Tuesday, February 9, 2010 - 11:29am | 350Pulte Homes (NYSE: PHM) today reported its Q4 losses at $0.31 per share, as compared to the analyst expectations of losses of $0.19 per share. PHM’s revenues for the quarter came in at $1.73 billion versus the Street view of $1.50 billion. Pulte Homes’ 52-week trading range is $7.71-$13.59. PHM’s...
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Benzinga’s Top Pre-Market Losers (JDSU, ACGY, ARMH, CLNE, CAGC, ASML, NVAX)
Monday, February 8, 2010 - 9:20am | 365JDS Uniphase Corporation (NASDAQ: JDSU) decreased 11.50% to $7 in the pre-market session. The 52-week trading range for JDSU is $2.21 - $9.13. JDS Uniphase has gained over 32% in the last six months. JDS Uniphase closed at $7.91 in the previous trading session. Acergy S.A. (ADR) (NASDAQ: ACGY)...
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BJ Services Company (BJS) To Remain Uninspiring
Saturday, February 6, 2010 - 3:06am | 114BJ Services Company (NYSE: BJS) isn't expected to do as well last quarter (Q1-2010) as it did in the same quarter a year earlier. The oil equipment and services company is expected to earn $0.05 per share versus the $0.56 per share earned in the first fiscal of 2009. Revenue is estimated to have...
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BJ Services Company (BJS) To Remain Uninspiring
Saturday, February 6, 2010 - 3:04am | 114BJ Services Company (NYSE: BJS) isn't expected to do as well last quarter (Q1-2010) as it did in the same quarter a year earlier. The oil equipment and services company is expected to earn $0.05 per share versus the $0.56 per share earned in the first fiscal of 2009. Revenue is estimated to have...
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National-Oilwell Varco, Inc. (NOV) Fourth Quarter Preview
Wednesday, February 3, 2010 - 3:54pm | 123Analysts Kurt Hallead and Brad Sanderson at RBC Capital Markets have released a report previewing the fourth quarter at National-Oilwell Varco, Inc. (NYSE: NOV). Analysts estimate EPS of $0.66 for the fourth quarter, which is below the consensus of $0.77. According to analysts, the company will...
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Newpark Resources (NR) Coverage Initiated by Wunderlich
Wednesday, February 3, 2010 - 11:32am | 112Wunderlich Securities has initiated analytical coverage of Newpark Resources, Inc. (NYSE: NR), and started the stock out with a ‘buy’ rating. The research arm of the brokerage firm sees tremendous growth for the fluids maker, based on the stronger-than-expected rebound in drilling. This year’s...
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HAL, SLB – Top Picks among Big 4 Oil Service Companies
Wednesday, February 3, 2010 - 10:42am | 138Analysts at Caylon Securities believe that large cap oil service companies are well positioned for renewed growth. According to Caylon Securities, the Q4 results of major oil companies suggest a modest sequential improvement in revenues. “The US, Canadian and international rig counts all bottomed...
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North American Energy Partners (NOA) Target Price Raised, Stock Soars
Tuesday, February 2, 2010 - 5:06pm | 183Stephens analyst Matt Duncan reiterated his Overweight/Vol. rating for North American Energy Partners Inc. (NYSE: NOA). Duncan wrote a glowing report on North American Energy Partners, which beat most forecasts. Of particular interest was the fact that even though North American Energy Partners...
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Benzinga's Top ETF Gainers (UCO, XHB, ERX, URE)
Tuesday, February 2, 2010 - 4:45pm | 181Real Estate and Energy ETFs are the most active among ETFs today. ProSharesUltra DJ-AIG Crude Oil (NYSE: UCO) is 6.35% up with a volume of 6.86M traded shares. SPDR S&P Homebuilders (ETF) (NYSE: XHB) is also trading on the upside. It gained 4.88% as D.R. Horton, Inc. (NYSE: DHI) spiked 11.75...
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Positive Rating Maintained For Halliburton (HAL), Smith International (SII) And National Oilwell Varco (NOV)
Tuesday, February 2, 2010 - 3:09pm | 130Susquehanna Financial Group maintained a Positive rating for Halliburton Co. (NYSE: HAL), Smith International, Inc. (NYSE: SII) and National Oilwell Varco, Inc. (NYSE: NOV). The firm believes that the recent pullback of 5 percent in the PHLX Oil Service Sector (OSX) index has created a more...
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North America Energy Partners Inc. (NOA) Scales To A Fresh 52 Week High
Tuesday, February 2, 2010 - 2:18pm | 134North America Energy Partners Inc. (NYSE: NOA) has climbed by 19.95% to $8.48, after coming out with strong earnings for the quarter ended last December. North America Energy Partners Inc. (NOA) started with a gap-up opening with high volumes on Tuesday and evinced strong interest from market...
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Strong Quarter for Avnet - Analyst Blog
Friday, January 29, 2010 - 11:18am | 657Avnet Inc. (AVT) reported revenues of $4.83 billion in the second quarter fiscal 2010, an increase of 13.2% year over year and 10% excluding the impact of changes in foreign currency exchange rates. On a pro forma (organic) basis, revenue was up 9.6% over the prior-year quarter. On a segment basis...