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Zev Fima: The Real Money Stock of the Day today is Halliburton. So they released earnings earlier today. You know, what's your quick takeaway?

Jeff Marks: Yep, so they had a slight beat on earnings today and, and I think the most important takeaway here is that after quarter after quarter of downward earnings revision, really in the whole oil services group, Halliburton, Schlumberger... we're finally starting to see some type of some stabilization where the site, where the investment cycle may finally move into their favor. So Halliburton, very strong international growth, which is where a lot of the services plays are going to work on Schlumberger as well. North America not as tight, but we know the North American producers have been very cashflow, very disciplined right now from an investment. But most important it does sound like the worst may be behind them. The stock opened up big but it kind of came back a little bit at the time of this. But again I think that the worst may be behind them. The cycles finally moving into their favor, which means the next direction for earnings revisions might be you in a positive direction and not the continued downward cycle like they've experienced.

Zev Fima: Speaking of Halliburton, Schlumberger is also a peer that we hold for Action Alerts PLUS and we covered the entire earnings report over on Action Alerts on Thursday. So be sure to check that out. Also a quick reminder, Halliburton is our stock of the day, so Stephen Sarge Guilfoyle is going to be covering that. He provides incredible take on all of this. Real Money. Get over to check that out.

Jeff Marks: I love that. I always read the Daily Recon to start my morning.

Zev Fima: Oh yeah. He's a great way to start. Sarge and Jim are pretty much my morning routine.

Halliburton Co. (HAL - Get Report) posted stronger-than-expected first quarter revenues Monday. The surge in global oil prices helped boost international drilling activity and offset rising costs in North America.

The company's adjusted earnings for the three months ending in March 2019 came in at 23 cents per share, down around 44% from the same period in 2018. Meanwhile, total revenue of $5.7 billion was approximately flat year-over-year, but surpassed estimates of $5.5 billion.

Jeff Marks, senior analyst for Jim Cramer's ActionAlertsPlus investing club, said, "it does sound like the worst may be behind them. The stock opened up big but it kind of came back a little bit at the time of this, but again I think that the worst may be behind them."

"The cycle is finally moving into their favor, which means the next direction for earnings revisions might be in a positive direction and not the continued downward cycle like they've experienced," Marks added. 

Global oil prices hit six-month highs Monday amid reports that the United States will lift waivers on the purchase of Iranian crude next week, a move that would add to supply concerns in a market already reeling from OPEC production cuts.

Related. There Are Many Reasons Why I Prefer Schlumberger Over Halliburton

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