U.S. Markets closed

Global Stocks Green on Monday

U.S. stocks were in the green on Monday as more companies reported financial results. The Dow Jones Industrial Average gained 0.24% to 26,883, the S&P 500 Index rose 0.65% to 3,005 and the Nasdaq Composite Index jumped 0.88% to 8,161.

Shares of Halliburton Co. (NYSE:HAL) gained almost 6% on Monday after the company announced third-quarter results. The company posted earnings of 34 cents per share on $5.55 billion in revenue. It fell $270 million short of revenue expectations, but earnings were in line with estimates.


The operating income for the quarter was $536 million, a decline of 3% from the second quarter.

International revenue rose 10% year to date and the company expects high single-digit international growth for 2019. North America sales decreased 11%, driven by customer activity declines.

Completion and production revenue was $3.5 billion, a decrease of $299 million, or 8%, when compared to the second quarter. Wperating income was $446 million, a decrease of 5%. Drilling and evaluation revenue was $2 billion, a decrease of 4% when compared to the second quarter, while operating income grew 3% to $150 million.

By region, North America revenue in the third quarter was $2.9 billion, an 11% decrease when compared to the second quarter due to lower activity and pricing. International revenue was $2.6 billion, flat when compared to the second quarter. In Latin America, revenue was $608 million. Europe and Africa revenue of $831 million was flat when compared to the second quarter. Finally, in the Middle East and Asia, revenue was $1.2 billion, a 4% decrease sequentially as a result of lower project management and stimulation activity across the region.

During the quarter ended June 30, Ken Fisher (Trades, Portfolio) boosted his stake by 4% to 3,075,207 shares and Richard Pzena (Trades, Portfolio) increased his position by 90% to 23,591,540. Mario Gabelli (Trades, Portfolio) reduced his holding by 12% to 272,855 shares, while Jim Simons (Trades, Portfolio) sold out of the stock.

Gainers

  • Coty Inc. (NYSE:COTY) +13.6%
  • Helmerich and Payne Inc. (NYSE:HP) +5%
  • DXC Technology Co. (NYSE:DXC) +4.3%
  • EOG Resources Inc. (NYSE:EOG) +5%
  • Schlumberger NV (NYSE:SLB) +4.1%



Losers

  • Boeing Co. (NYSE:BA) -3.7%
  • AmerisourceBergen Corp. (NYSE:ABC) -3.4%
  • CME Group Inc. (NASDAQ:CME) -3.3%
  • CF Industries Holdings Inc. (NYSE:CF) -2.8%
  • NVR Inc. (NYSE:NVR) -1.9%



Global markets

The main European stock markets traded in the green.The U.K.'s FTSE 100 advanced 0.18%, France's CAC 40 rose 0.21%, Germany's Dax increased 0.91% and Spain's IBEX 35 gained 0.78%.

In Asia, Japan's Nikkei 225 gained 0.25%, India's BSE Sensex rose 0.63%, Hong Kong's Hang Seng swelled 0.02% and China's Shanghai Composite increased 0.05%.

Disclosure: The author holds no positions in any stocks mentioned.

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This article first appeared on GuruFocus.