-
Mad Money Lightning Round OT: Cramer Loves MGM (CY, NVDA, MGM, NOV)
Wednesday, October 20, 2010 - 7:59pm | 200On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he is a buyer of Cypress Semiconductor Corporation (NASDAQ: CY). Cypress (CY) is going to post earnings tomorrow, but Cramer doesn't care much about that, because he sees CY as a great long term story. Cramer liked NVIDIA Corporation (...
-
Earnings Preview: Schlumberger - Analyst Blog
Wednesday, October 20, 2010 - 7:09pm | 543Schlumberger Limited (SLB) is expected to report its third quarter 2010 results on October 22, 2010. The Zacks Consensus Estimate for the quarter is 70 cents per share compared with 65 cents earned in the year-earlier period. Total revenue is projected at $6.7 billion for the quarter. Second...
-
Core Laboratories Misses Revenue Estimates (CLB)
Wednesday, October 20, 2010 - 5:20pm | 55Core Laboratories NV (NYSE: CLB) reports Q3 earnings of $0.79 versus consensus of $0.78. Core Laboratories NV reports revenues of $199.2 million versus consensus of $208.56 million. The company now sees Q4 EPS in the range of $0.80 to $0.82 on revenues of $205 million. Shares of CLB are lower in...
-
Oppenheimer Reallocates Resources, Discontinues Coverage Of Bristow Group
Wednesday, October 20, 2010 - 11:45am | 119Oppenheimer has announced that it is discontinuing coverage of the Outperform-rated Bristow Group, Inc. (NYSE: BRS). “The decision to drop coverage is unrelated to any awareness on our part of any material change in the fundamental condition of BRS,” Oppenheimer writes. “Were we to continue to...
-
Sterne Agee Maintains Weatherford International EPS
Wednesday, October 20, 2010 - 11:29am | 145As per our recent note, “Disaggregating the International Rig Count,” the inconsistencies of the recovery in the international rig count do not yet warrant a consistent revenue and more important, profit recovery, particularly in light of the “disproportionate” amount of start-up costs meant to be...
-
Mad Money Lightning Round: Cramer Likes Citigroup (C, HSY, MKC, GIS, ISRG, WFT, SLB, CHK, CTL, KMP, ETP, FRT, KIM, PBR)
Wednesday, October 20, 2010 - 5:52am | 340On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he considers Citigroup (NYSE: C) as one of his “favorite speculative stock. The government is going to be done selling soon. I think there's 15% to 20% in this stock in the next three months." For Hershey Foods (NYSE: HSY), he...
-
Market Watchers See QE Priced Into Market 10-19-2010
Tuesday, October 19, 2010 - 3:19pm | 1026Cusick's Corner The market did what we thought it would -- pullback, 1162 on the Dec S&Ps, firm up and now stuck in a Midday consolidation. At this stage unless you see a major surprise in employment, interest rates or a string of negative earnings in this cycle, this trend is intact and these...
-
Weatherford Beats by a Penny - Analyst Blog
Tuesday, October 19, 2010 - 11:00am | 645Leading oilfield services company Weatherford International Ltd. (WFT) reported better-than-expected third quarter 2010 adjusted earnings of 18 cents per share. The results surpassed the Zacks Consensus Estimate of 17 cents and year-earlier profit of 9 cents. The improvement was mainly driven by...
-
Dahlman Rose & Co. Continues To See Halliburton Earnings Growth In North America
Tuesday, October 19, 2010 - 9:52am | 107Halliburton Company (NYSE: HAL) reported 3Q10 EPS of $0.58, versus consensus of $0.56 and Dahlman Rose & Co.'s estimate of $0.57. “Strong North American earnings from activity in unconventional plays and strong pressure pumping led the earnings beat,” Dahlman Rose & Co. writes. “As...
-
Goldman Sachs: Haliburton Still Best In Class
Tuesday, October 19, 2010 - 9:36am | 145Haliburton (NYSE: HAL) reported adjusted 3Q10 EPS of $0.58 vs. Goldman's estimate of $0.59 and consensus of $0.55. Pressure pumping driven N.A. results surprised to the upside while international operating income was 7% below expectations. Goldman adjusted its 2010-2012 EPS estimates by -2%/0%/-1...
-
Stock Market News for October 19, 2010 - Market News
Tuesday, October 19, 2010 - 9:30am | 1159Citigroup's upbeat earnings report and better-than-expected news from the homebuilding front sent markets higher on Monday. Citigroup's earnings helped push financials up more than 2%. The Dow Jones industrial average added 81 points, or 0.7%, to 11143.69. The tech-heavy Nasdaq Composite index...
-
Citigroup Raises Halliburton Price Target Despite 5% Share Decline
Tuesday, October 19, 2010 - 9:14am | 147Citigroup says that it continues to like Halliburton Company (NYSE: HAL) and view the near-5% hit the stock took yesterday as unwarranted. “Completions intensity trends remain strong in North America, volume (and eventually pricing gains) internationally should materialize in 2011, and drill bits...
-
WFT: North America Leads, International Lags
Tuesday, October 19, 2010 - 8:43am | 111Weatherford International (NYSE: WFT) reported a 3Q EPS of $0.18 vs. the $0.16 estimate by Jefferies and consensus of $0.17, a solid earnings report driven by continued strength in North America. In its research report, Jefferies writes "Revenue of $2.5 billion trailed our estimate by 6.0% but...
-
Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, October 19, 2010 - 8:39am | 305Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Access National Corp (ANCX) Acergy S.A. (ACGY) Acme Packet Inc (APKT) Acorda Therapeutics Inc (ACOR) Air Liquide ADR (AIQUY) View the entire Zacks #1 Rank List. ACERGY SA (ACGY): Free Stock Analysis Report ACORDA THERAPT (...
-
Dril-Quip, Inc. Awarded $28 Million Contract
Tuesday, October 19, 2010 - 7:33am | 72Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip do Brasil LTDA, its wholly owned subsidiary, has been awarded a contract valued at approximately $28 million for the supply of subsea wellhead systems to Petrobras for the Papa Terra field located in the Campos Basin offshore Brazil....