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Acergy Misses but Backlog Swells - Analyst Blog
Monday, October 18, 2010 - 3:45pm | 637Norwegian oilfield contractor Acergy S.A. (ACGY) reported slightly weaker-than-expected third-quarter (ending August 31, 2010) results, weighed down by lower activity levels in the North Sea and Asia-Pacific, and higher expenses. These factors were partially offset by good project execution...
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Onshore Activity Boosts Halliburton - Analyst Blog
Monday, October 18, 2010 - 2:45pm | 862Major oilfield services provider Halliburton Co. (HAL) reported better-than-anticipated third-quarter 2010 results. This was helped by the strength and sustainability of the all-important North American onshore activity levels (to which the company is heavily exposed through its market-share-...
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Monday's Mid-day Options Volume Leaders (C, BAC, APPL, GE, HAL)
Monday, October 18, 2010 - 11:19am | 109The overall market is consolidating last week's gains this morning; after opening lower, it has rallied back to even and is now trading $1,178.14, up by 2.05 points. Here are your mid-day options volume leaders… 1. Citigroup (NYSE: C) 328,497 contracts, 76.3% calls, 23.7% puts 2. Bank of America (...
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RBC Capital Reiterates Ratings On AME, MIDD, OIS, GPC, GDI, FTR, FHN, AGN
Monday, October 18, 2010 - 9:37am | 155RBC Capital Markets has reiterated its ratings on the following companies: Ametek (NYSE: AME) Outperform, price target raised from $50 to $55 Middleby (NASDAQ: MIDD) Sector Perform, price target raised from $64 to $70 Oil States (NYSE: OIS) Outperform, price target raised from $56 to $58 Genuine...
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Company News for October 18, 2010 - Corporate Summary
Monday, October 18, 2010 - 9:36am | 609• Halliburton (NYSE: HAL) reported third quarter earnings of $0.58 a share, $0.02 higher than expected on a 30% revenue climb to $4.66 billion, above projections of $4.63 billion • Hasbro (NYSE: HAS) posted third quarter interims 5 cents above estimates at $1.09 on a 2.7% revenue increase to $1.31...
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Trading Plan for October 18, 2010
Monday, October 18, 2010 - 5:25am | 413Current Long Positions (stop-losses in parentheses): TICC (9.62), BRKR (14.54), ITW (48.03), QQQQ (50.62), TIE (19.73), BEAV (31.75), PAG (13.62), DTV (41.99), ACI (25.54), EOG (97.52) Current Short Positions (stop-losses in parentheses): None BIAS: 83% Long Economic Reports Due Out (Times are EST...
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Earnings Scheduled For October 18 (AAPL, IBM, C, HAL, VMW, HAS, ZION, CCK, BRO, CASS, RLI)
Monday, October 18, 2010 - 5:09am | 272Apple Inc (NASDAQ: AAPL) is expected to post its earnings at $4.09 per share on revenue of $18.90 billion in the fiscal fourth-quarter. International Business Machines Corp (NYSE: IBM) may report its Q3 profit at $2.76 per share on $24.13 billion in revenue. Citigroup Inc (NYSE: C) is likely to...
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Cal Dive Announces Impairment Charges
Friday, October 15, 2010 - 8:43am | 182Cal Dive International, Inc. (NYSE: DVR) today announced that it expects its third quarter results will reflect non-cash, pre-tax impairment charges related to all or substantially all of its goodwill. The impairment charges may also involve the write-down of four construction barges that have been...
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As Oil Prices Rise, Schlumberger Is A Good Buy
Friday, October 15, 2010 - 8:41am | 164While many point to the recent rally in the OSX as a sign of increased expectations for 3Q, Goldman Sachs attributes the rally to a number of factors such as reduced risk for a double-dip recession and better China data that have driven oil prices above the 15-month trading range of $68-$82/bbl. “...
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Bond Market Starting to Show Nervousness
Thursday, October 14, 2010 - 6:30pm | 915Cusick's Corner The market bounced back into the close, well off its worst levels. But as I mentioned in the midday, the Bond market, TLT, is starting to show nervousness about future inflation and the continued flooding of capital on the fed long-term. What that means for equities is that money...
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RBC Capital Markets Reiterate (RVBD, HAL, CSX)
Thursday, October 14, 2010 - 11:58am | 72RBC Capital Markets has reiterated coverage on the following stocks: Riverbed Technology (NASDAQ: RVBD); Sector Perform with a $38 PT Haliburton (NYSE: HAL); Outperform with a $47 PT CSX (NYSE: CSX); Outperform with a $69 PT RVBD is trading lower at $46.34 HAL is trading lower at $35.22 CSX is...
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ExxonMobil Awards Contract to Halliburton
Thursday, October 14, 2010 - 9:36am | 81Halliburton (NYSE: HAL) has been awarded a wellwork integrated services contract by ExxonMobil (NYSE: XOM) Iraq Ltd. for refurbishment of wells in the West Qurna (Phase 1) field in southern Iraq. Halliburton will provide on-site logistics and technical support for both rigless and rig-assisted...
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Jefferies Inititates Coverage On Superior Energy Services With Buy
Thursday, October 14, 2010 - 9:05am | 146Jefferies initiates coverage on Superior Energy Services (NYSE: SPN) with a Buy and a $34 PT. Superior Energy Services is very well positioned to continue to diversify its revenue stream away from the Gulf by leveraging its products and services in key international markets, and benefiting from...
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A Peek Into The Market Before The Trading Starts
Thursday, October 14, 2010 - 7:42am | 489Pre-open movers US stock futures rose as the investors are awaiting data on jobless claims and producer prices. Futures on the Dow Jones Industrial Average gained 12 points to 11,056 and S&P 500 futures rose 1.60 points to 1,175.90. Nasdaq 100 futures were up 0.50 points at 2,057. A Peek Into...
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Dril-Quip, Inc. Awarded $27 Million Contract
Thursday, October 14, 2010 - 7:32am | 87Dril-Quip, Inc. (NYSE: DRQ) today announced that it has been awarded a contract valued at approximately $27 million by Shell Offshore Inc. to supply drilling and production equipment for the Olympus Tension Leg Platform to be installed in the Mars field located in the Mississippi Canyon area of the...