Stocks in the News — week of April 21, 2014

 

Halliburton Reports First Quarter, and Fracking Joint Venture

(HAL, $62.41, up $1.51 midday)

Shares of Halliburton Company are up 2.5% today after reporting first quarter earnings which pleased Wall Street.  Earnings per share (EPS) came in at $0.73, slightly higher than the consensus $0.71.

The company commented that excess North American fracking capacity is tightening much more quickly than anticipated.

(For more company news, and financial outlook, see my StreetAuthority article from last week on oil service stocks.)

In other news today, SPT Energy Group has entered into a 51%-owned joint venture with Halliburton for fracture stimulation services in Xinjiang, China.  Morgan Stanley commented, “[W]e think it is highly likely that SPT and HAL will extend the cooperation scope from fracture stimulation to other services, such as drilling and well completion.  There is also good potential for the extension of geo-market from Xinjiang to other oil fields in China.”  The two companies have been working closely together since 2004.

Halliburton has potential legal liability for the Deepwater Horizon oil spill in the Gulf of Mexico.

Subscribe to Goodfellow LLC now to read additional comments from today about Halliburton’s fundamental & technical outlook, and my buy/hold/sell recommendation.

* * * * *

Harley Davidson to Report 1Q on April 22

(HOG, $66.56, down $0.08 in early trading)

Motorcycle giant Harley Davidson Inc. is expected to report first quarter earnings of $1.09 per share on Tuesday, April 22, before the market opens.  The company produces motorcycles, parts, and accessories.  In the last six months, Harley has introduced four new motorcycle models, including a reprise of its classic Low Rider, first introduced in 1977.

I last wrote about motorcycle giant Harley on February 6, when the company increased its dividend and share repurchase plan.

Subscribe to Goodfellow LLC now to read additional comments about Harley-Davidson’s fundamental & technical outlook, and my buy/hold/sell recommendation.

* * * * *

All eight 2013 & 2012 Goodfellow LLC stock portfolios

dramatically outperformed both the S&P 500 and the Dow!

View our outstanding 2013 and 2012 stock portfolio results.  

Send questions and comments to research@GoodfellowLLC.com.

Happy investing!

Crista Huff

President

Goodfellow LLC

* * * *

Investment Disclaimer Release of Liability: Through use of this website viewing or using you agree to hold www.GoodfellowLLC.com and its employees harmless and to completely release www.GoodfellowLLC.com and its employees from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Goodfellow LLC and its employees are not paid by third parties to promote nor disparage any investment.

Recommendations are based on hypothetical situations of what we would do, not advice on what you should do. Neither Goodfellow LLC nor its employees are licensed investment advisors, tax advisors, nor attorneys. Consult with a licensed investment advisor and a tax advisor to determine the suitability of any investment.

The information provided herein is obtained from sources believed to be reliable but is not guaranteed as to accuracy or completeness. When information is provided herein from third parties — such as financial news outlets, financial websites, investment firms, or any other source of financial information – the reliability or completeness of such financial information cannot be guaranteed. The information contained on this website is provided for informational purposes only and contains no investment advice or recommendations to buy or sell any specific securities.

This is not an offer or solicitation for any particular trading strategy, or confirmation of any transaction. Statements made on the website are based on the authors’ opinions and based on information available at the time this page was published. The creators are not liable for any errors, omissions or misstatements. Any performance data quoted represents past performance and past performance is not a guarantee of future results.

Investments always have a degree of risk, including the potential risk of the loss of the investor’s entire principal. There is no guarantee against any loss.

* * * *
Goodfellow LLC is a subscription-only stock market website. We strive to identify financially healthy companies in which traders and investors can buy shares and earn dividends and capital gains. See disclaimer for the risks associated with investing in the stock market. See your tax advisor for the tax consequences of investing. See your estate planning attorney to clarify beneficiary and inheritance issues associated with your assets.