|Day Low/High||65.13 / 66.10|
|52 Wk Low/High||61.02 / 80.89|
I used Friday's energy strength to ditch some Apache and Schlumberger, but will buy more Halliburton on a dip.
We downgraded our rating on Schlumberger last Friday following recent strength in the shares.
Sentiment markedly improved on Friday, but we won't be even short-term overbought until at least week's end.
We will sell into today's strength, lessening our weighting to energy and increasing our cash balance and flexibility.
Dave Rosenberg of Gluskin Sheff is bullish on the sector.
Jim's back and he's discussing all the portfolio actions we made in the last week plus what we're watching in the market.
Schlumberger Limited (NYSE:SLB) will hold a conference call on April 20, 2018 to discuss the results for the first quarter ending March 31, 2018.
As quick as last week's selloff occurred, this rebound higher has been just as fast, and we would not be surprised to see the market retest at some point.
Markets were falling in early afternoon trading Tuesday.
I'm not optimistic about Trump's infrastructure plan, but defense stocks, Halliburton and Schlumberger are another story.
Halliburton might be the better choice than Schlumberger for several reasons.
The free market is going to take back control of interest rates.
The U.S. dollar is still weak so I think the energy bulls remain in control.
It's February already. These stocks are ones that you should check out quickly.
Increases and accelerations in an incredible number of business trends, like Facebook, are obscured by our own negativity.
Jim discusses GE, Comcast, Illinois Tool Works, and Abbott Labs, all of which reported earnings Wednesday morning.
The 50-day line is close to crossing above the 200-day line for a bullish golden cross.
Jump quickly, says Jim Cramer, and if you've done your homework, you can pick up great stocks at discounted prices.
You can find great buys in this bull market, but you have to be nimble.
A flurry of high-priced merger-and-acquisition activity explains the move in Allergan.
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