Schlumberger Stock (SLB)

Readers may recall back on Jan. 5, when I discussed my long positions in SLB ( SLB ) , Haliburton ( HAL ) and Baker Hughes ( BKR ) as I saw the situation in Venezuela heating up for firms specializing in oil services. Fa…

* We have no long positions in energy the sector... It was the majority view, in fact a near unanimous view in the business media (and elsewhere), that energy stocks were the ideal "value play" and would benefit from a r…

Let’s get ready for the final day of the first full week of trading in 2025. After a rocky start, month to date the S&P 500 is up 0.9%, the Nasdaq just over 0.1%, and the Dow is leading the way with its 1.4% gain. With a…

* Markets advanced from flagpole to that's all today (at least as of 2:30 p.m.). * However, half the gains have evaporated in the last two hours. At 2:30 p.m. the S&P Index is +28 handles — after being up +66 handles in…

Energy stocks reverse hard. SLB and XOM down on the day. XOM is over -$4 off its morning high (and from where I sold). I own no energy equities.