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Stock Market & Financial Investment News

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March 19, 2013
14:54 EDTHALHalliburton falls in weak oil services sector, levels to watch
The shares are currently recovering off the lows of the session but are still down over 3.5% to $39.28. At that price resistance is at $39.75, a prior pivot low and the low of the recent prior multi-week trading range which now looks like a top. Support is at $38.20.
News For HAL From The Last 14 Days
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November 27, 2015
10:37 EDTHALEU Commission sets Jan. 12 deadline to rule on Baker Hughes, Halliburton deal
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November 18, 2015
08:37 EDTHALBaker Hughes has superior risk/reward ratio, says BMO Capital
BMO Capital believes that Baker Hughes (BHI) has one of the best risk/reward ratios in its coverage universe. The firm thinks the stock will rise 25% if its acquisition by Halliburton closes, and fall only 9%-14% in the medium term if the deal falls through. BMO now sees an 80% chance of the deal closing, up from 70% previously.
November 15, 2015
12:59 EDTHALBaker Hughes shares could gain, lose 30% on merger verdict, Barron's says
Shares of Baker Hughes (BHI) could gain 27% if its combination with Halliburton (HAL) gains regulatory approval, but "there is too much uncertainty" to take that bet, as a negative verdict on the merger could send Baker plunging 20%-30%, Barron's contends in a 'Trader Extra' column. Investors searching for less risky arbitrage deals may instead take a look at Berkshire Hathaway's (BRK.A, BRK.B) offer for Precision Castparts (PCP), argues the publication. Reference Link

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