Shares of HAL lost 10 cents on Friday to close at $48.13.Jefferies & Co. is out with a research note on the oil services names, and it has a Buy rating and a $59 price target on shares of Halliburton (NYSE: HAL).
Shares of Halliburton traded down 3.98% during mid-day trading on Tuesday, hitting $45.0625. Halliburton has a 52 week low of $21.10 and a 52 week high of $50.74. The stock’s 50-day moving average is $46.65 and its 200-day moving average is $40.43. The company has a market cap of $41.158 billion and a price-to-earnings ratio of 23.30.
PS: Halliburton Co. said Monday that it has been contracted by Exxon Mobil Corp. to use three drilling rigs to provide oil drilling services at a large field under development in southern Iraq.
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YRC will rise - Biggest Trucking Companies See Revenue Rise 9.4%
The 50 largest U.S. trucking companies saw revenue rise a collective 9.4 percent to $85.4 billion in 2010, after shrinking 17.7 percent during the recession in 2009, according to The Journal of Commerce's list of the Top 50 Trucking Companies of 2010.
According to the US Bureau of Economic Analysis, the trucking industry adds about 5% to the Gross Domestic product each year.
The decrease in competition has led to improved cargo tonnage for surviving trucking companies. American Trucking Association (ATA) Chief Economist Bob Costello commented that he expects the "truck freight tonnage to grow modestly during the first half of 2011 and accelerate in the latter half of the year into 2012."
According to the US Bureau of Economic Analysis, the trucking industry adds about 5% to the Gross Domestic product each year.
The decrease in competition has led to improved cargo tonnage for surviving trucking companies. American Trucking Association (ATA) Chief Economist Bob Costello commented that he expects the "truck freight tonnage to grow modestly during the first half of 2011 and accelerate in the latter half of the year into 2012."
Apple shares fell five reasons [Down $8.59 (-2.4%)]
AAPL closed lower Tuesday, ending the day at $338.89, down $2.30 (-0.67%), on strong volume of 17.2 million shares trading hands.
JMP Securities downgraded its outlook on AAPL stock on Wednesday, with the change prompted by a deceleration in manufacturing at Foxconn. Analyst Alex Gauna said the change from "Market Outperform" to "Market Perform" is not a result of concerns with Apple itself, but rather the ability of Foxconn to produce Apple products.
A brief recap of this week in Apple:
1. Potential Apple Battery Delays
2. iPhone 5 May Not Launch Until Fall
3. Apple WWDC Scheduled for June 6
4. Amazon Launches Cloud Drive
5. Apple Accepting Higher Costs to Secure iPad Components
JMP Securities downgraded its outlook on AAPL stock on Wednesday, with the change prompted by a deceleration in manufacturing at Foxconn. Analyst Alex Gauna said the change from "Market Outperform" to "Market Perform" is not a result of concerns with Apple itself, but rather the ability of Foxconn to produce Apple products.
A brief recap of this week in Apple:
1. Potential Apple Battery Delays
2. iPhone 5 May Not Launch Until Fall
3. Apple WWDC Scheduled for June 6
4. Amazon Launches Cloud Drive
5. Apple Accepting Higher Costs to Secure iPad Components
Cisco Shares Rise - Putting Cisco on the Road to Recovery
Cisco Systems (Nasdaq: CSCO) has announced its first cash dividend: 6 cents to be paid quarterly.
Cisco’s current yield isn’t big enough to make it an income-generating powerhouse today, but that could change with steady raises over the years, or a blow to the underlying stock price.
Cisco’s stock reached $17.89, which is an increase of approximately 4%. Shares of Cisco Systems jumped Wednesday and became the top gainer on the Dow Jones Industrial Average.
About Cisco: Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. It offers routers that interconnect public and private IP networks for mobile, data, voice, and video applications; switching products, which offer connectivity to end users, workstations, IP phones, access points, and servers; application networking services; and home networking products, such as adapters, gateways, modems, and home network management software products.
Cisco’s current yield isn’t big enough to make it an income-generating powerhouse today, but that could change with steady raises over the years, or a blow to the underlying stock price.
Cisco’s stock reached $17.89, which is an increase of approximately 4%. Shares of Cisco Systems jumped Wednesday and became the top gainer on the Dow Jones Industrial Average.
About Cisco: Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. It offers routers that interconnect public and private IP networks for mobile, data, voice, and video applications; switching products, which offer connectivity to end users, workstations, IP phones, access points, and servers; application networking services; and home networking products, such as adapters, gateways, modems, and home network management software products.
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