56.69 +0.28 (0.50%)
Pre-Market: 8:46AM EST
|Bid||56.53 x 200|
|Ask||56.67 x 200|
|Day's Range||53.64 - 56.44|
|52 Week Range||38.18 - 58.78|
|PE Ratio (TTM)||232.10|
|Earnings Date||Jan 22, 2018 - Jan 26, 2018|
|Forward Dividend & Yield||0.72 (1.36%)|
|1y Target Est||56.85|
Jim Cramer stressed the importance of buying stocks on weakness and pinpointed the small moments investors get to buy in.
U.S. stocks hit new highs on Monday after Senate Democrats shifted position and expressed their support for a short-term continuing resolution that funds the government through the beginning of February in exchange for a commitment from Republican leaders to hold a vote on immigration. President Trump is expected to sign the fix later today. In the end, the Dow Jones Industrial Average gained 0.6%, the S&P 500 gained 0.8%, the Nasdaq Composite gained 1% and the Russell 2000 gained 0.5%.
Strong activity and pricing in North America helped Houston-based oilfield services giant Halliburton (HAL) gift investors another estimate-beating quarter.
Stocks that moved substantially or traded heavily Monday: Halliburton Co., up $3.39 to $56.40 The oil and gas drilling services company reported a larger quarterly profit and more revenue than Wall Street ...
U.S. stocks advanced on Monday as each of Wall Street's main scored records in the wake of a deal by U.S. senators to end the federal government shutdown. Legislation to renew federal funding to the government cleared a procedural hurdle in the Senate and was expected soon to pass votes in the Senate and House of Representatives, allowing government to re-open through Feb 8.
Workday and energy stocks Halliburton, Pioneer Natural Resources, RSP Permian are trying to break out of first-stage bases, which have a better chance of bigger gains.
Oil field services giants Schlumberger Ltd. (SLB) and Halliburton Co. (HAL) reported earnings that beat analysts’ expectations, despite factors such as turmoil in South America and changes to the U.S. tax code. On Jan. 22, Houston-based Halliburton reported fourth-quarter 2017 revenue was $5.9 billion, up 9 percent from the third quarter and up 47.7 percent from the fourth quarter of 2016. For the fourth-quarter, the company reported a loss from continuing operations of $805 million, or 92 cents per diluted share, for the fourth quarter.
Halliburton reported stronger-than-expected Q4 results as international revenue growth outpaced U.S. Shares moved past a buy point.
The government shutdown is on the verge of ending as I write this, with the Senate approving a short-term continuing resolution that will keep the government funded through the beginning of February. On the earnings call, management noted a turnaround in international activity led by the Middle East, Latin America and the North Sea regions.
Halliburton's optimistic view for its U.S. and international operations comes as rising crude prices spur demand for oilfield services. Its results, along with those of larger rival Schlumberger (SLB.N), suggested the oil and gas recovery will spread beyond U.S. onshore to international exploration and production markets. "I am very excited about the way 2018 is shaping up," said Chief Executive Jeff Miller during the company's fourth-quarter earnings call.