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NOV Sees Bearish Options Trade
Thursday, January 28, 2010 - 12:22pm | 127National Oilwell Varco (NYSE: NOV), the oil services firm that is already down nearly 10% since its highs earlier this month, is home to some bearish options trade today with the purchase 5,000 of the February 40 puts against open interest of 992 contracts. Immediately following this purchase, 10,...
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Market Round-up (CTS, RRC, BHI, EOG, NBR, BA, BBT)
Wednesday, January 27, 2010 - 3:18pm | 273The Wall Street Journal reported that according to CTS Corporation (NYSE: CTS), the company had no knowledge of issues faced by Toyota Motor (NYSE: TM). Energy sector advisor Elliott Gue finds four favorites in natural gas: EOG Resources (NYSE: EOG), Range Resources (NYSE: RRC), Nabors Industries...
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Revenue Growth Prospects At WFT Similar To Its Peers
Wednesday, January 27, 2010 - 2:09pm | 184Analysts at Susquehanna Financial maintain their "neutral" rating on Weatherford International Ltd (NYSE: WFT), while reducing their estimates for the company. According to Susquehanna Financial, WFT has similar revenue growth prospects to those of its peers. Weatherford International does not,...
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Baker Hughes Inc. (BHI) Maintains Hold Rating
Wednesday, January 27, 2010 - 10:34am | 148Argus has maintained a Hold rating for Baker Hughes Inc. (NYSE: BHI). According to the research firm, Baker Hughes appears to be well positioned to emerge stronger from the current oil services downturn. The company has reported operating EPS of $0.31 for the fourth quarter as against an operating...
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Company News for January 27, 2010 - Corporate Summary
Wednesday, January 27, 2010 - 10:29am | 266• After the close, Yahoo (NASDAQ:YHOO) reported earnings of 15 cents for the quarter, 4 penny ahead of Zacks estimates, on revenues of $1.26 billion, which bettered Zacks estimates of $1.23 billion. For the current quarter, the firm expects sales of $1.575-$1.675 billion, and income of $90-$100...
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Smith International Inc. (SII) Registers 90% Decline In Q4 Profits
Wednesday, January 27, 2010 - 9:24am | 100Smith International Inc. (NYSE: SII), the oil services company, announced today that it registered a 90% decline in Q4 profits, according to a report by the Wall Street Journal. Smith International registered $20.1 million in profits for Q4 as against profits of $199.2 million for the same period...
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Jim Favors Foreign-Oriented Oil Stocks, COV, FLIR, ARST, AAPL; Expects Energy, Healthcare, Technology, Financial Stocks To Decline
Tuesday, January 26, 2010 - 7:49am | 380After the markets dipped last week, a mere modest 24-point rally in the Dow Jones Industrial Average brought out optimism in Jim Cramer. He said that last week's sell-off depicted that Washington exerts a far more powerful impact than anything on Wall Street. Jim finds the US much less a safe place...
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Stock Outlook for Schlumberger Ltd (SLB)
Monday, January 25, 2010 - 3:03pm | 113Citi analyst Robin Shoemaker has lifted the target price of Schlumberger Ltd (NYSE: SLB) from its previous $80 to $84 and recommended a buy for it mainly because of better than expected tax rates and lower interest expense in 2010. This target is given keeping the long term investment potential of...
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Halliburton Co. (HAL) All Set To Test A Lower Support Level Of $27.50
Monday, January 25, 2010 - 1:39pm | 102Halliburton Co. (NYSE: HAL) is forming a very interesting pattern on charts. Halliburton Co. (HAL), which had breached below its 2o day MA on last Friday, has retraced further following its December results, and has now breached even below its 50 day MA earlier today. This confirms the initial...
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SLB Margins Bottom Earlier Than Expected
Monday, January 25, 2010 - 1:15pm | 153Analysts at FBR Capital Markets upgrade Schlumberger Ltd (NYSE: SLB) to “outperform,” while raising their estimates for the company. The target price for SLB has been raised to $96. Schlumberger’s international margins have bottomed earlier than had been anticipated. “We continue to prefer oily...
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US Stock Futures Point To A Rebound After A Shocking Fall On Friday
Monday, January 25, 2010 - 10:30am | 200After last week being marred by sell-offs, US stock futures today pointed to a rebound. While futures at the S&P 500 moved up 11.3 points to 1102.30, those at Dow Jones gained 91 points to 10242. Meanwhile, NASDAQ 100 futures climbed 12.5 points to 1810. This week is lined with several key...
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Company News for January 25, 2010 - Corporate Summary
Monday, January 25, 2010 - 10:26am | 161• Walmart (NYSE:WMT) reported plans to cut about 11,200 jobs, or 10% of its Sam's Club workforce • Google (NASDAQ:GOOG) co-founders, Page and Brin, are slated to sell $5.5 billion in company shares over the next five years • Eaton (NYSE:ETN) reported fourth quarter earnings of $1.25, two cents...
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Top 5 Stocks To Watch For January 25, 2010 (AAPL, HAL, SEE, TXN, SNS)
Monday, January 25, 2010 - 10:19am | 323The stocks that are worth keeping a lookout for today are: Apple (NASDAQ: AAPL) reports after the close today, with earnings expected at $2.08 per share. After falling 4.96% to close at $197.75 on Friday, AAPL gained 2.75% to $203.19. AAPL’s quarterly earnings growth was 46.60% y/y and the company’...
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Halliburton Earnings Report (HAL)
Monday, January 25, 2010 - 9:44am | 105Halliburton Company (NYSE: HAL) reported earnings this morning before the opening bell. The energy services corporation's profits fell 48% from the year ago period. Halliburton (HAL) earned $243 million, or 28 cents a share versus analysts estimates of $0.27. Revenue came in at $3.7 billion which...
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Earnings Overview For Companies Reporting Today (ETN, HAL, DGX, ERIC, TXN, AMGN, AAPL)
Monday, January 25, 2010 - 9:34am | 390More than 25% of S&P 500 companies are scheduled to post results this week, including Dow components Microsoft (NASDAQ: MSFT), Chevron (NYSE: CVX), DuPont (NYSE: DD) and Verizon (NYSE: VZ). The round-up of some of the heavyweight companies due to report results today are: Before the bell:...