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Time to Step into Oil Service Names?

Posted Jul 12th 2010 9:00AM by Jason Raznick (RSS feed)
Filed under: Exxon Mobil (XOM), Halliburton (HAL), Schlumberger Limited (SLB), Chevron Corp (CVX), BP p.l.c. ADS (BP), Anadarko Petroleum (APC), Transocean Ltd. (RIG)

Oil-related stocks have been significantly beaten down in the wake of the BP (BP) oil spill in the Gulf of Mexico. The market could be suggesting, however, that now may be the time to jump back into this sector.

Frankly, the energy complex as a whole looks like the most compelling segment of the stock market right now, although it does come with significant risk as many traders and investors have already been burned trying to pick a bottom over the last few months.

In order to mitigate risk in this sector, investors could consider putting together their own oil-related ETF: Determine the amount of capital that you want to commit to this sector and then divide it up between a number of companies in order to reduce company specific risk. This is similar to buying an ETF such as the Oil Service HOLDRs ETF (OIH), but allows you to pick the specific component companies.

Continue reading Time to Step into Oil Service Names?

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Triple Play in Oil Services: BHI, SLB and WFT

Posted Jun 17th 2010 11:30AM by Steven Halpern (RSS feed)
Filed under: Schlumberger Limited (SLB)

Schlumberger SLB logo"I continue to regard the dip in oil-levered and select energy stocks as a massive buying opportunity," says energy sector specialist Elliott Gue.

The editor of The Energy Strategist explains, "Among individual stocks, I see an opportunity with Baker Hughes (BHI), Schlumberger (SLB), Weatherford International (WFT). All of these companies garner just 5 to 10 percent of their revenues from the deepwater Gulf of Mexico.

Continue reading Triple Play in Oil Services: BHI, SLB and WFT

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Closing Bell: Trouble in Spain Does Only Modest Damage (BAC, CSCO, F, BP, HAL, SLB, RIG)

Posted May 28th 2010 5:00PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Cisco Systems (CSCO), Ford Motor (F), Halliburton (HAL), Schlumberger Limited (SLB), Bank of America (BAC), BP p.l.c. ADS (BP), S and P 500, DJIA, NASDAQ

After the lunch hour Fitch downgraded Spain's credit rating to AA+ from AAA. The euro immediately sold down to $1.229. And, the stock markets in the US swiftly sold off prior to the Memorial Day weekend, leaving investors to think about the bad news for three days. A nice way to ruin the holiday.

The initial reaction to the news was that the major indexes dropped 1.2%. By 3.30 PM the DJIA had recovered most of its equilibrium and was off .5% on small volume. Spain recently said that it would miss GDP estimates for 2011, so Wall St. may have anticipated the possibility of a ratings agency decision. Long weekends after bad news can be a time of quiet panic for traders. The beer might not taste as cool as it could have.

The unofficial closing bell numbers:

Dow 10,136.63 -122.36 (-1.19%)
S&P 500 1,089.41 -13.65 (-1.24%)
Nasdaq 2,257.04 -20.64 (-0.91%)

Continue reading Closing Bell: Trouble in Spain Does Only Modest Damage (BAC, CSCO, F, BP, HAL, SLB, RIG)

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Earnings Highlights: McDonald's, Microsoft, PepsiCo, Raytheon, Starbucks, Yahoo! ...

Posted Apr 24th 2010 3:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Microsoft (MSFT), Yahoo! (YHOO), Starbucks (SBUX), PepsiCo (PEP), McDonald's (MCD), Schlumberger Limited (SLB), Netflix, Inc. (NFLX), Xerox Corp (XRX), Lockheed Martin (LMT), Raytheon Company (RTN)

Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • Lockheed Martin Corp. (LMT) lower Q1 earnings were better than expected but it lowered its full-year outlook.
  • McDonald's Corp. (MCD) solid Q1 numbers were driven by its value menu, McCafe, and strength overseas.
  • Microsoft Corp. (MSFT) topped Q1 earnings expectations and cash from operations rose, but shares declined.
  • Netflix Inc. (NFLX) shares were lifted after its strong Q1 earnings beat consensus estimates.
  • PepsiCo Inc. (PEP) fell short of Q1 revenue estimates but beat earnings per share expectations by a penny.

Continue reading Earnings Highlights: McDonald's, Microsoft, PepsiCo, Raytheon, Starbucks, Yahoo! ...

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Closing Bell: Eight Positive Weeks in a Row (ACUR, AAPL, SLB, DOV, XRX)

Posted Apr 23rd 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Apple Inc (AAPL), Schlumberger Limited (SLB), Xerox Corp (XRX)

Today was a firm day despite Greece's woes, but more importantly the DJIA was up for the 8th straight week. Today's action came from obvious continued buying and the risk trade being put back on.

Here are today's unofficial closing bell levels:

Dow 11,204.28 +69.99 (0.63%)
S&P 500 1,217.28 +8.61 (0.71%)
Nasdaq 2,530.15 +11.08 (0.44%)

Top Analyst Calls
Next Week's Top Earnings

Continue reading Closing Bell: Eight Positive Weeks in a Row (ACUR, AAPL, SLB, DOV, XRX)

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Schlumberger's First-Quarter Earnings Drop

Posted Apr 23rd 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports, Schlumberger Limited (SLB)

Schlumberger Ltd. (SLB), early on Firday morning, revealed that its first-quarter profit fell 28%. The oil company attributed the decline in earnings to a revenue drop of nearly 7% and to charges related to healthcare reform. SLB earned 56 cents per share in the latest first quarter, down from 78 cents per share a year ago, and five cents short of the consensus estimate.

Revenue fell to $5.6 billion, a drop of 6.7%, and nearly equal to expectations of $5.69 billion. Nevertheless, the company maintained that evidence shows that higher oil prices will lead to increased drilling activity by international customers -- a turnaround from the past two years, which were impacted by the declining demand for oil.

Continue reading Schlumberger's First-Quarter Earnings Drop

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Analyst Calls: BBY, BF.B, EEP, K, ORLY, PGR, SLB, SWK, TAP ...

Posted Mar 29th 2010 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Schlumberger Limited (SLB), Best Buy (BBY), Kellogg Co (K), Analyst Initiations

Analyst Upgrades

  • Stephens upgraded Schlumberger (SLB) to overweight from equal weight with an $80 price target, citing valuation and the company's international activity.
  • Roth Capital upgraded Synutra International (SYUT) to buy from hold, citing the company's improved outlook, increased market share and valuation. The firm has a $27 target on shares.
  • Oppenheimer upgraded Progressive (PGR) to perform from underperform as it believes the company's focus on growth could move shares higher in the near-term.
  • Inergy Holdings (NRGP) was upgraded to buy from hold at Wunderlich.
  • Best Buy (BBY) was upgraded to hold from sell at Societe Generale.
  • Vale SA (VALE) was upgraded to buy from hold at Canaccord.

Continue reading Analyst Calls: BBY, BF.B, EEP, K, ORLY, PGR, SLB, SWK, TAP ...

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Closing Bell: Stumbling About (AIG, SII, SLB XNPT)

Posted Feb 22nd 2010 4:00PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Schlumberger Limited (SLB), Amer Intl Group (AIG), S and P 500, DJIA, NASDAQ

The market slipped in and out of a stupor today as traders tried to decide whether the new $980 billion health care reform bill will help or hurt the economy if it passes.

Today's unofficial closing numbers:

Dow 10,382.63 -19.72 (-0.19%)
S&P 500 1,108.01 -1.16 (-0.10%)
Nasdaq 2,242.03 -1.84 (-0.08%)

Continue reading Closing Bell: Stumbling About (AIG, SII, SLB XNPT)

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Before the Bell: Futures Point to Higher Open

Posted Feb 22nd 2010 8:30AM by Melly Alazraki (RSS feed)
Filed under: Before the Bell, International Markets, Market Matters, Schlumberger Limited (SLB), Campbell Soup (CPB), Lowe's Cos (LOW), Oil

U.S. stock futures advanced Monday morning, pointing to a higher open for Wall Street as overall positive sentiment about the economy was further fueled by a deal between oil services companies Schlumberger and Smith International, and by Lowe's upbeat results.

Investors are looking to extend last week's rally to its fifth day after last week sentiment was boosted by several economic indicators indicating the U.S.'s recovery is strengthening. There are no major economic data coming out Monday, but M&A activity usually lifts investors' spirits.

Continue reading Before the Bell: Futures Point to Higher Open

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Schlumberger: Well-Positioned Oil Services Company

Posted Feb 9th 2010 3:20PM by Joseph Lazzaro (RSS feed)
Filed under: Schlumberger Limited (SLB), Stocks to Buy

Schlumberger Ltd. (SLB) is a stock I've had on my radar screen for a while -- it was first written about on May 6, 2009. at a price of $56.09 -- and I still like it. Here's why:

Long-term, Schlumberger "is in the catbird seat," concerning the world's need for more oil. Oil producers, particularly newer clients in emerging markets, will need the more-sophisticated oil services that SLB can provide. Further, a likely oil price of $70-85 per barrel in 2010 will increase oil producer confidence in the feasibility of launching new upstream projects -- another plus for SLB.

Continue reading Schlumberger: Well-Positioned Oil Services Company

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Consider Schlumberger, because oil isn't going out of style

Posted Nov 18th 2009 6:00PM by Joseph Lazzaro (RSS feed)
Filed under: Schlumberger Limited (SLB), Stocks to Buy

One can look at likely rising oil and gasoline prices one of two ways. You can get frustrated, or you can profit from it by buying Schlumberger Ltd. (SLB), which is why I'm reiterating my buy rating for the company, first recommended on May 6, 2009 at a price of $56.09. If you bought SLB in May, you're up about 18%.

Some in the oil sector remain concerned about the recovery in demand for oilfield services. Based on the growth track for emerging markets, that concern is not warranted: the natural gas segment may encounter some head-winds, near-term, because in that energy commodity, the glut of supply has actually been matched by a low price. But oil? Forget about it. Business is booming: the supply glut of oil has done little to lower its price, which shows one the many roles oil plays (alternative asset, inflation hedge, weak dollar hedge) in the modern economy, to Schlumberger's benefit. The First Call FY2009/FY2010 EPS estimates for SLB are $2.71 to $2.81.

Continue reading Consider Schlumberger, because oil isn't going out of style

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Cramer on BloggingStocks: China's industrial focus helps lots of U.S. names

Posted Nov 11th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: China, Market Matters, Caterpillar (CAT), Schlumberger Limited (SLB), Bank of America (BAC), U.S. Steel (X), Nucor Corp (NUE), Toll Brothers (TOL), BHP Billiton Ltd ADR (BHP), Freep't McMoRan Copper (FCX), Wells Fargo (WFC), Stocks to Buy, Burlington Northern Santa Fe (BNI), Cramer on BloggingStocks

TheStreet.com's Jim Cramer says at least one country is getting it right when it comes to economic stimulus.

How in the heck can you get 16% industrial growth and lower-than-expected consumer price inflation? How is that possible? Yet that's what we saw from China last night, and that's a tonic to pretty much everyone who is waiting for our own stimulus to kick in.

And we need it.

On Monday, Fluor (FLR) (Cramer's Take), the giant construction company, when asked if it could quantify the value of stimulus dollars currently in backlog, said "Really, the only stimulus funding we have seen directly has been the award that we got at Savannah River for some nuclear soil remediation. And, it was, I would say, we're less than $0.5 billion."

Continue reading Cramer on BloggingStocks: China's industrial focus helps lots of U.S. names

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Drill into Schlumberger (SLB)

Posted Sep 16th 2009 2:00PM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, Schlumberger Limited (SLB), Commodities, Oil, Stocks to Buy

"The oil-services sector remains my favorite long-term play in the energy industry," says sector specialist Elliott Gue. In The Energy Strategist, the advisor looks to industry-leader Schlumberger (NYSE: SLB).

Gue explains, "Oil services firms will benefit directly from the increasing technical complexity of oilfield development. International business is the primary driver for Schlumberger, which generated only 22% of its revenues from North America in 2008.

"The important question is, where do we sit in the cycle for international operations? In my view, the second half of 2010 will mark the beginning of a new uptrend.

Continue reading Drill into Schlumberger (SLB)

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Expect profitable days with Schlumberger

Posted Sep 10th 2009 9:30AM by Joseph Lazzaro (RSS feed)
Filed under: Schlumberger Limited (SLB), Stocks to Buy

True, Schlumberger's stock has meandered in the past three months, but that's just a disguise.

Oilfield and energy services company Schlumberger (NYSE: SLB), first recommended on May 6, 2009 at a price of $56.05, remains well-positioned to benefit from the secular trend of increased oil and natural gas exploration and development.

Continue reading Expect profitable days with Schlumberger

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Cramer on BloggingStocks: You can't afford to be certain

Posted Jul 31st 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Apple Inc (AAPL), Hewlett-Packard (HPQ), Ford Motor (F), Market Matters, Walt Disney (DIS), International Business Machines (IBM), AT and T (T), 3M Corporation (MMM), Caterpillar (CAT), Schlumberger Limited (SLB), Citigroup Inc. (C), Johnson and Johnson (JNJ), JPMorgan Chase (JPM), Bank of America (BAC), Bed Bath and Beyond (BBBY), Best Buy (BBY), FedEx Corp (FDX), Verizon Communications (VZ), Lennar Corp'A' (LEN), United Parcel'B' (UPS), Anadarko Petroleum (APC), Wells Fargo (WFC), Stocks to Buy, Norfolk Southern Corp. (NSC), Union Pacific Corporation (UNP), Cramer on BloggingStocks

TheStreet.com's Jim Cramer says if you wait for market conditions to reach perfection, you'll be waiting a long time.

You know what? I am going to wait until I am sure housing has turned before I buy the homebuilders like Lennar (NYSE: LEN) (Cramer's Take) and Pulte (NYSE: PHM) (Cramer's Take). I am going to wait until the foreclosures peak before I buy Bank of America (NYSE: BAC) (Cramer's Take) and Wells Fargo (NYSE: WFC) (Cramer's Take).

I am going to wait until unemployment goes down before I buy 3M (NYSE: MMM) (Cramer's Take) and Disney (NYSE: DIS) (Cramer's Take) and IBM (NYSE: IBM) (Cramer's Take) and Caterpillar (NYSE: CAT) (Cramer's Take).

Continue reading Cramer on BloggingStocks: You can't afford to be certain

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