schlumberger
SLB stock is soaring after a stellar earnings report.The company’s traditional oil and gas business appears to have a long runway.Investors will now refer to the company as SLB after a rebranding that positions the company in the clean energy space.The stock is now trading at its 52-week high; but may be overbought at the moment.Shares of Schlumberger (NYSE:SLB) are up over 10% after the company posted a beat on both the top and bottom lines on October 21. The oil and gas giant posted revenue of $7.48 billion, exceeding analysts’ estimates for $7. 10 billion. And on the bottom line, the compan...
ValueWalk
Commenting on IBM, Intel, and Schlumberger’s post earnings plunge and today’s trading so far, Gorilla Trades strategist Ken Berman said: Q4 2020 hedge fund letters, conferences and more The major indices are all trading lower at midday following a clearly bearish overnight session and a brief morning bounce on Wall Street. The much better-than-expected Markit manufacturing and services PMIs gave a nice boost to U.S. stocks, despite the rumors of a border lockdown in the European Union, which have been weighing on risk assets and the energy sector, in particular. The doubts regarding President ...
ValueWalk
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