Posted May 28th 2009 1:30PM by Steven Halpern
Filed under: International markets, Newsletters, Schlumberger Limited (SLB), Commodities, Oil, DJIA, Stocks to Buy
"Over the next five years the energy patch should offer some of the best investments around, and one standout is Schlumberger (NYSE: SLB)," says Stephen Leeb in The Complete Investor.
"Schlumberger, by a wide margin, is the best and most dominant. Its services range from well testing to pressure pumping to seismic testing, and it's No. 1 in virtually every area it occupies.
"Some of its operations, especially those that maintain the health of existing wells, are highly recession-resistant.
Continue reading Schlumberger (SLB): A 'standout' in oil services
Posted May 26th 2009 9:40AM by Jim Cramer
Filed under: Market matters, Schlumberger Limited (SLB), Anadarko Petroleum (APC), Oil, Cramer on BloggingStocks
Why does the market just go straight down whenever the oil futures go lower? TheStreet.com's Jim Cramer says. A market driven by the price of oil -- good when it goes up and bad when it goes down -- is way too binary to profit from. Yet that's where we find ourselves and it is so counterintuitive as to be unnerving.
I think the fact that oil is struggling and failing to take out $60 is a good sign. The purchasing power of Americans is dependent upon jobs, expenses, psyche, interest rates and the stock market. We know that the stock market isn't our friend or our enemy, interest rates are still our friend, jobs are awful, and psyche seems like a push because the love for President Obama is still in the air.
Continue reading Cramer on BloggingStocks: Irrational energy moves
Posted May 11th 2009 10:00AM by Jim Cramer
Filed under: Intel (INTC), Market matters, Schlumberger Limited (SLB), Bank of America (BAC), Cramer on BloggingStocks
Yes, we've sprinted for the past several weeks, but the bulls can catch their breath yet again. The too-far-too-fast police are out in full force today. Commodities have moved up too far too fast considering economic activity. Banks have moved up too much vs. nonperforming loans. Houses have moved up too fast considering foreclosures. And most important, stocks have moved up too fast vs. the fundamentals.
All of these, every one of these, are right. The problem is that they have been right for months. They were right when
Bank of America (NYSE:
BAC) (
Cramer's Take) went from $3 to $6. They were right when BAC went from $6 to $9. And they were right again when, in a slew of upgrades, BAC went to $14.
Continue reading Cramer on BloggingStocks: 'Due' for a pullback ... but so what?
Posted Apr 25th 2009 3:40PM by Trey Thoelcke
Filed under: Earnings reports, Yahoo! (YHOO), eBay (EBAY), Coca-Cola (KO), PepsiCo (PEP), Amazon.com (AMZN), International Business Machines (IBM), 3M Corporation (MMM), Caterpillar (CAT), Schlumberger Limited (SLB), Netflix, Inc. (NFLX), Bank of America (BAC), United Parcel'B' (UPS), Merck and Co (MRK), Hasbro Inc (HAS)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Bank of America, Amazon, Coke, eBay, UPS, Yahoo!, IBM, and more
Posted Apr 24th 2009 8:00AM by Mark Fightmaster
Filed under: Earnings reports, Schlumberger Limited (SLB)
Early this morning, oil firm Schlumberger (NYSE: SLB) reported earnings of 78 cents per share -- which was considerably lower than last year's same-quarter results of $1.09 per share. While the results were worse than a year ago, SLB managed to top the consensus estimate by three cents. Quarterly revenue totaled $6.0 billion, which was off from last year's revenue of $6.29 billion.
SLB, which is the world's largest oilfield services company, attributed the lower results to a slump in energy demand, which forced customers to reduce activity and search for price reductions. The company also noted that the rate of decline in its oilfield services division dropped considerably compared to the fourth quarter, thanks mainly to a sharp drop in the firm's North American natural gas rig count. SLB stated, "Our visibility on 2009 has not materially changed from the end of the fourth quarter."
Continue reading Schlumberger's first-quarter earnings drop but still top expectations
Posted Apr 23rd 2009 10:00AM by Paul Foster
Filed under: Schlumberger Limited (SLB), Valero Energy (VLO), Options
Valero Energy (NYSE: VLO) closed at $20.50. VLO is scheduled to report Q1 EPS on April 28. Crude oil futures are recently up 1.51% to $49.59. VLO May option implied volatility of 63 is below its 26-week average of 73 according to Track Data, suggesting decreasing price movement.
Schlumberger (NYSE: SLB) closed at $46.23. SLB is scheduled to report Q1 EPS on April 24. May option implied volatility of 61 is below its 26-week average of 65, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted Mar 24th 2009 1:30PM by Steven Halpern
Filed under: International markets, Exxon Mobil (XOM), Newsletters, Halliburton (HAL), Schlumberger Limited (SLB), Commodities, Oil, Stocks to Buy
"Many experts believe that oil prices are at unsustainably low prices now, and they expect a sharp rise in the commodity price as supply and demand come back into line again," says turnaround expert George Putnam.
In The Turnaround Letter, he suggests, "If oil does begin to rise again, the oilfield service stocks could rebound sharply." Here, he takes a look at large cap plays on a rebound within the oilfield services sector.
"We all know that oil prices have fallen dramatically from their highs in the summer of 2008. But different types of oil-related stocks have reacted quite differently to the price change in the underlying commodity.
"For example, while oil itself has dropped nearly 70% from its 12-month high, the stock of the largest integrated oil company, Exxon-Mobil (NYSE: XOM), is down only 26%, less than the stock market as a whole.
Continue reading Oilfield services: Four favorite turnarounds
Posted Feb 18th 2009 2:50PM by Timothy Sykes
Filed under: Google (GOOG), Apple Inc (AAPL), Dell (DELL), General Electric (GE), Amazon.com (AMZN), General Motors (GM), Hansen Natural (HANS), Short stories, Schlumberger Limited (SLB), Bank of America (BAC), Chevron Corp (CVX), Morgan Stanley (MS), Stocks to Sell

These are not the only signs, just a few examples of when to bet against a company, all of which would have worked out great over the past year:
1. Right when management admits a massive fraud over many years,
Satyam Computer Services (
SAY)
2. Companies lie about the health of management:
Apple Inc. (NASDAQ:
AAPL)
3. Arrogance and greed blinds management to excessive risk-taking:
General Electric Co. (NYSE:
GE),
Citigroup (NYSE:
C),
Morgan Stanley (NYSE:
MS),
Bank of America (NYSE:
BAC),
General Motors Corp. (NYSE:
GM)-pick an over-leveraged financial, any financial...and yes, considering all the messy financial instruments these companies took on, they are all financial stocks.
Continue reading Seven signs you should short sell a stock
Posted Feb 16th 2009 4:00PM by Steven Halpern
Filed under: International markets, Newsletters, Schlumberger Limited (SLB), Commodities, Oil, Stocks to Buy
"Long term, supply remains the key issue to watch in the crude oil market; depressed prices continue to force producers to scale back on exploration and development spending," says energy expert Elliott Gue.
In The Energy Strategist, he says, "I watch oil service giant Schlumberger (NYSE: SLB) as a gauge of overall health in energy markets; it has its hands in just about every imaginable oil- or gas-producing market on the planet."
"Schlumberger's fourth quarter earnings release and conference call were far and away the most bearish from the company in at least five years.
"CEO Andrew Gould was notably downbeat, particularly during the analysts' question and answer (Q&A) session. Predictably, earnings estimates have plummeted since that call.
Continue reading Schlumberger: 'Best of breed' in oil services
Posted Jan 8th 2009 4:20PM by Jon Ogg
Filed under: After the bell, Wal-Mart (WMT), Market matters, Schlumberger Limited (SLB), Whole Foods Market (WFMI), Sun Microsystems (JAVA), EMC Corp (EMC)

The market was weak just about all day, but an Obama speech on his broad and general economic plans gave some pause to the selling and allowed at least a NASDAQ recovery and the broad markets were not as bad as before. Despite atrocious retail numbers, there were several theme-oriented retailers who saw
same-store sales gains, which helped their stocks. This was also the second consecutive week where weekly jobless claims came in less than expected and under the 500,000 mark. There was a
flood of downgrades from Wall Street analysts this morning. Here are today's unofficial closing bell levels:
- DJIA: -27.08 (8,742.62)
- S&P500: +3.08 (909.73)
- NASDAQ: +17.95 (1,617)
EMC Corp. (NYSE:
EMC) was up 6% late in the day at $11.87 after the company reaffirmed its revenue and earnings guidance. This would have been a larger win for it, but it announced it was slashing 7% of its workforce to deal with the slowing economy.
Whole Foods Markets Inc. (NASDAQ:
WFMI) rose sharply after activist Ron Burkle's Yucaipa Cos. investment arm
took a 7% stake in the high-end and organic grocer. Shares were up over 20% at $12.19 late in the day.
Continue reading Closing Bell: Markets mixed as traders look to Obama plan, jobless claims; EMC, WFMI up, WMT, SLB, JAVA down
Posted Dec 20th 2008 9:10AM by Trey Thoelcke
Filed under: Earnings reports, General Electric (GE), Schlumberger Limited (SLB), Adobe Systems (ADBE), Best Buy (BBY), FedEx Corp (FDX), Research in Motion (RIMM), Goldman Sachs Group (GS), General Mills (GIS), Morgan Stanley (MS), NIKE, Inc'B' (NKE), Oracle Corp (ORCL), Honeywell Intl (HON), Rite Aid Corp (RAD)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Best Buy, FedEx, Goldman Sachs, Nike, RIM, Oracle and others
Posted Dec 15th 2008 11:37AM by Eric Buscemi
Filed under: Analyst upgrades and downgrades, Apple Inc (AAPL), Schlumberger Limited (SLB), JPMorgan Chase (JPM), Altria Group (MO), Best Buy (BBY), Chesapeake Energy (CHK), Kroger Co (KR), Alcatel-LucentADS (ALU), Analyst initiations, Gilead Sciences (GILD)
Analyst upgrades:
- JP Morgan upgraded Altria (NYSE: MO), citing the company's 25% cash return to shareholders by 2010 and its market leadership.
- RBC Capital upgraded Core Laboratories (NYSE: CLB) based on its solid balance sheet and liquidity, strong market positions, and technology-driven products.
- RBC Capital believes Schlumberger's (NYSE: SLB) earnings will decrease the least vs. its peers through 2010 and notes its breadth of products/services.
- Tellabs (NASDAQ: TLAB) upgraded to Overweight from Equal Weight at Barclays.
- Bally Tech (NYSE: BYI) upgraded to Buy from Neutral at Goldman.
- Best Buy (NYSE: BBY) upgraded to Buy from Neutral at Piper Jaffray.
Analyst downgrades:
- Goldman downgraded Apple (NASDAQ: AAPL) citing consumer spending concerns and valuation.
- Merrill downgraded JP Morgan (NYSE: JPM) citing expectations for credit costs to get worse in the US.
- Wachovia downgraded a handful of names, including Chesapeake (NYSE: CHK), in the Exploration & Production space as they believe natural gas prices have more downside in order to balance supply/demand fundamentals.
Continue reading Analyst calls: MO, SLB, BBY, AAPL, JPM, KR, ALU, GILD, BIDU, CEPH ...
Posted Dec 4th 2008 1:28PM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Amazon.com (AMZN), Schlumberger Limited (SLB), Red Hat Inc (RHT), Analyst initiations, YRC Worldwide (YRCW), BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RTP)
Analyst upgrades:
- Jefferies upgraded shares of Red Hat (NYSE:RHT) to Buy from Hold after their checks indicated Red Hat's November quarter results will be in-line due to solid Jboss sales. The firm also believes a potential new partnership with Cisco (NASDAQ:CSCO) could provide share upside.
- Barclays upgraded Amazon.com (NASDAQ:AMZN) to Overweight from Equal Weight as they believe the company's competitive position will strengthen during the current downturn and that the company will gain share.
- JP Morgan upgraded YRC Worldwide (NASDAQ:YRCW) to Neutral from Underweight following the announcement that the company and the Teamsters will vote on contract modifications.
- Del Monte Foods (NYSE:DLM) was raised to Overweight from Equal Weight at Stephens.
- Thomson Reuters (NYSE:TRI) was upgraded at Morgan Stanley to Equal Weight from Underweight.
- Reliant Energy (NYSE:RRI) was lifted to Outperform from Market Perform at Wachovia.
Analyst downgrades:
- B. Riley downgraded shares of Hot Topic (NASDAQ:HOTT) to Neutral from Buy to reflect a lack of visibility into 2009 and valuation but raised their target price to $9.30 from $8.20.
- Citigroup cut KLA-Tencor (NASDAQ:KLAC) to Hold from Buy to reflect their more offensive stance on the semi group as they view KLA-Tencor as a more defensive name. The firm lowered their target to $22 from $31.
- KeyBanc downgraded Arch Chemicals (NYSE:ARJ) to Underweight from Hold citing global economic headwinds, the stronger dollar, pension costs, and continued weakness in North American housing, among other reasons.
- Jo Ann Stores (NYSE:JAS) was cut to Hold from Buy at Soleil.
- Calyon downgraded Schlumberger (NYSE:SLB) to Outperform from Buy.
- Amdocs (NYSE:DOX) was downgraded to Neutral from Buy at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: RHT, AMZN, DLM, BHP, RTP
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