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Stock Market & Financial Investment News

News Breaks
April 21, 2014
11:53 EDTHAL, SLB, WFT, BHIHalliburton hits 52-week high after results top expectations
Shares of oilfield services company Halliburton (HAL) hit a new 52-week high after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: This morning, Halliburton reported Q1 continuing operating earnings per share of 73c and revenue of $7.3B, topping expectations of 71c and $7.24B, respectively. The company forecast its Q2 EPS to be up approximately 25%, compared to consensus of 91c, and said "further increases" will follow. For Q2, the company expects low double-digit percentage revenue improvement and margins to move solidly into the mid-teens. On its conference call, management said that 2014 will be a transitional year for Latin America. The company said that constitutional changes in Mexico seem to be progressing as planned and it believes foreign investment in the market will be beneficial to the company beginning in 2015. Halliburton also said it is starting to "feel a momentum swing" in North America. OTHERS TO WATCH: Other companies in the oil services space space include Schlumberger (SLB), Baker Hughes (BHI), and Weatherford (WFT). PRICE ACTION: In late morning trading, Halliburton rose $1.93, or about 3.2%, to $62.83 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $63.88. Weatherford (WFT), which is scheduled to report on its quarter this Friday, April 25, is up 0.7% to $18.34. Meanwhile, Schlumberger (SLB), which reported Thursday morning, is up 1.7% today to $101.56 and Baker Hughes (BHI), which also reported Thursday before the open, is up 1.8% to $69.57.
News For HAL;WFT;SLB;BHI From The Last 14 Days
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November 14, 2014
09:16 EDTBHI, HALOn The Fly: Pre-market Movers
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08:00 EDTWFT, HAL, BHIHalliburton, Baker deal would face 'intense' DOJ scrutiny, says Jefferies
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07:27 EDTBHI, HALHalliburton acquisition of Baker Hughes would make sense, says Wells Fargo
After Baker Hughes (BHI) confirmed that it was in talks about selling itself to Halliburton (HAL) , Wells Fargo thinks the deal would make sense strategically, and says that a deal could be made. The firm says the deal would benefit both companies, and could be accretive for Halliburton. Wells keeps an Outperform rating on Halliburton.
06:20 EDTBHI, SLB, WFT, HALCiti sees 10% accretion if Halliburton pays $66/share for Baker Hughes
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06:07 EDTSLBStocks with implied volatility movement; SLB WLT
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05:55 EDTHALStocks with implied volatility movement; AFSI HAL
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November 13, 2014
18:40 EDTBHI, HALOn The Fly: After Hours Movers
UP AFTER EARNINGS: TubeMogul (TUBE), up 12.4%... Weibo (WB), up 3.2%... Nordstrom (JWN), up 3.1%. ALSO HIGHER: Geron (GERN), up 30.7% after announcing a global strategic collaboration with Janssen Biotech... Baker Hughes (BHI), up 16.2% following reports that the company is in talks to be acquired by Halliburton (HAL)... Halliburton is up 1.4%... Pandora (P), up 4% after announcing a conference call to discuss Web IV proceeding... AmerisourceBergen (ABC), up 1.1% after being awarded a $4.06B government contract. DOWN AFTER EARNINGS: Retrophin (RTRX), down 6.6%... Phoenix New Media (FENG), down 8.4%... Voxeljet AG (VJET), down 8.6%... Intrexon (XON), down 1.1%... Youku Tudou (YOKU), down 5.7%... Applied Materials (AMAT), down 2.5%. ALSO LOWER: Puma Biotechnology (PBYI), down 6.9% following PB272 Phase II Trial results... EnLink Midstream (ENLK), down 4.8% after filing to sell 10.5M common units representing limited partners.
18:33 EDTHAL, BHIBaker Hughes confirms preliminary discussions with Halliburton
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16:36 EDTHAL, BHIOn The Fly: Closing Wrap
Stocks on Wall Street saw another day of relatively quiet trading in a tight range, but the major averages once again finished the session higher than where they'd began. The Dow, powered by the post-earnings advance from Wal-Mart (WMT), led and closed at a new all-time high for the third time in the last four days. ECONOMIC EVENTS: In the U.S., initial jobless claims rebounded 12K to 290K in the week ending November 8, versus expectations for 280K first-time claims. The Job Openings and Labor Turnover Survey, or JOLTs report, showed job openings fell to 4.335M in September, versus the consensus forecast for 4.8M openings. The Treasury reported a $121.7B budget deficit for October, versus the consensus deficit forecast of $117B. COMPANY NEWS: Wal-Mart led the Dow, advancing $3.74, or 4.72%, to $82.94 after the world's largest retailer's earnings beat expectations and it reported U.S. comparable store sales grew 0.5% during the just-completed quarter... Warren Buffett’s Berkshire Hathaway (BRK.A) agreed to acquire the Duracell battery business from Procter and Gamble (PG) via a stock swap. In exchange for a recapitalized Duracell company, which will include approximately $1.7B in cash at closing, P&G will receive shares of its own common stock currently held by Berkshire having a current value of approximately $4.7B, the companies announced. Shares of Procter & Gamble, which also guided to FY15 core EPS growth in a mid-single digit percentage range, fell 88c, or 0.98%, to $88.60 after the deal was announced and guidance was issued. MAJOR MOVERS: Among the notable gainers was Baker Hughes (BHI), which surged $7.77, or 15.24%, to $58.75 after The Wall Street Journal said the company is in fast-moving talks to be acquired by larger peer Halliburton (HAL), which also rose 56c, or 1.05%, to $53.79 following the report. Also higher was DreamWorks Animation (DWA), which jumped $3.15, or 14.08%, to $25.52 after several media outlets reported that the animated movie maker company was in talks about selling itself to toy maker Hasbro (HAS). Hasbro shares fell $2.49, or 4.33%, to $54.98 following the reports. Also lower were shares of Revance (RVNC), which fell $4.93, or 23.48%, to $16.07 after the company said last night that the preliminary results from its ongoing open-label study suggest it still has "some work to do" to increase the probability of success for its upcoming Phase 3 pivotal program for RT001. INDEXES: The Dow rose 40.59, or 0.23%, to 17,652.79, the Nasdaq gained 5.01, or 0.11%, to 4,680.14, and the S&P 500 added 1.08, or 0.05%, to 2,039.33.
16:07 EDTHALHalliburton spikes, retraces, levels to watch
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16:01 EDTHAL, BHIBaker Hughes calls active on consolidation reports
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15:53 EDTBHIBaker Hughes gaps up after trading halt
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15:51 EDTHAL, BHIHalliburton calls active on talks to acquire Baker Hughes, reports
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15:46 EDTHALHalliburton spikes higher on Baker Hughes bid talk
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15:45 EDTBHI, WFT, SLB, HALHalliburton, Baker Hughes in fast-moving merger talks, WSJ reports
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15:37 EDTBHI, HALBaker Hughes jumps 1.3%, halted for volatility after report on Halliburton talks
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15:37 EDTBHI, HALHalliburton in fast-moving talks to acquire Baker Hughes, DJ reports
15:19 EDTHALOne Halliburton employee dead, two hurt after accident, Denver Post reports
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November 12, 2014
07:59 EDTHAL, BHI, WFTMitsubishi UFJ to hold a tour
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November 10, 2014
15:43 EDTBHI, HAL, SLBAmerican Petroleum Institute to hold a conference
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