iShares S&P 500 Value
How Is SLB’s Current Valuation Compared to Peers?
Schlumberger’s forward PE (price-to-earnings) multiple reflects analysts’ expectation of lower earnings in the next four quarters.
Design Wins Increase Micron’s Compute and Networking Revenue
CNBU (Compute and Networking Business Unit) is Micron’s largest business segment, accounting for 38% of the company’s revenue in fiscal 3Q16.
Best Oilfield Service Stocks for 4Q16: Earnings Growth
Wall Street analysts expect Flotek Industries (FTK) to register positive EBITDA (or earnings before interest, tax, depreciation & amortization) in 4Q16.
What Do Analysts Expect from Baker Hughes’s 4Q16 Earnings?
In 4Q16, analysts expect an $0.11 adjusted loss per share for Baker Hughes. They expect Baker Hughes’s adjusted loss to improve 29% in the coming quarter.
How the US Rig Count Affected SLB, HAL, and BHI in 1Q17
In the past year, Schlumberger’s (SLB) North America revenues declined 14%. In 1Q17, SLB’s revenues from North America totaled 28% of its total revenues.
Coca-Cola Bottler Merger: Benefits for CCE and KO Investors
As per the deal specifics that the companies disclosed, Coca-Cola Enterprises (CCE) shareholders should have a 48% shareholding in the new company.
Analysts Weigh In on Baker Hughes ahead of Its Earnings Release
In 2Q16, Baker Hughes’s adjusted EPS fell short of analysts’ consensus EPS estimates. On average, the company’s adjusted EPS has fallen short of consensus EPS estimates by ~12% in the past 13 quarters.
How the US Rig Count Affected SLB, HAL, and BHGE in 3Q17
Schlumberger’s North America revenues rose 9% YoY in 3Q17, accounting for 34% of its total revenues.
Walmart Lowers Capital Expenditure Projections
Walmart has updated its capital expenditure projections for fiscal 2016. It expects to spend $12.4 billion in fiscal 2016, in the middle of the $11.6–$12.9 billion guidance range provided earlier.
How Did Halliburton’s Revenues and Earnings Pan Out in 3Q16?
From 3Q15 to 3Q16, Halliburton’s (HAL) Drilling and Evaluation (or D&E) segment revenues fell 30%. From 3Q15 to 3Q16, its Completion and Production (or C&P) segment revenues fell ~32%.
How Did US Rig Count Affect SLB, HAL, and WFT in 2Q17?
Schlumberger (SLB), Weatherford International (WFT), and Halliburton (HAL) saw higher revenues from North America in 2Q17 compared to a year earlier.
AQR Capital Initiates Stake in Delphi Automotive
AQR Capital commenced a position in Delphi Automotive (DLPH). DLPH stock represented 0.32% of the fund’s 4Q14 portfolio.
Why JANA Partners Considers CSC To Be Undervalued
JANA Partners declared its increased stake in CSC, believing that the company is undervalued. JANA wants CSC to look for strategic alternatives.
Merchandise Mix: Which Categories Are Performing Best at Target?
In fiscal 2016, Target’s (TGT) performance was upbeat for all merchandise categories with the exception of hardlines.
Analyzing Foot Locker’s Historical Capital Returns Performance
Foot Locker (FL) has earned above-average returns on its capital investments over the past five years.
What’s behind Medtronic’s Accelerating Margin Expansion?
In fiscal 1Q18, Medtronic (MDT) reported ~26.9% of operating margin on a constant currency basis. This represented year-over-year growth of ~50 basis points.
ETFs Are Expected to Post Strong Growth
The total size of the US ETF (VOO) (IWD) industry rose 32% in 2016 to $2.8 trillion due to continued improvement in markets during the period.
Why the FOMC Statement Didn’t Affect Equity Markets
Since the previous Fed meeting in March, where the Fed announced a 0.25% rate hike, equity markets (IWV) around the globe remained dovish.
This Is What Affected Halliburton’s 1Q17 Performance
Halliburton’s (HAL) Completion and Production segment’s revenue improved a phenomenal 3.9x in operating income in 1Q17 over 1Q16.
What Are Halliburton’s Value Drivers?
In this article, we’ll discuss Halliburton’s 2016 value drivers. From 4Q15 to 4Q16, Halliburton’s Drilling and Evaluation (or D&E) segment’s revenue fell 22%.
How Schlumberger Plans to Spend Its Free Cash Flow
In this article, we’ll analyze how Schlumberger’s (SLB) operating cash flows have trended over the past few quarters.
Why Halliburton’s 4Q16 Improvements Still Couldn’t Beat Last Year’s Performance
From 4Q15 to 4Q16, Halliburton’s Drilling and Evaluation segment’s revenue fell 22%. In operating income, the D&E segment fell 41% YoY in 4Q16.
Which of Halliburton’s Segments Have Weakened the Most?
HAL’s Drilling and Evaluation (or D&E) segment fell 62% in 3Q16 over 3Q15 due primarily to low rig count, lower pricing for HAL’s products and services, and upstream producers’ budget cuts.
Which Segments Are Driving Halliburton’s 2016 Revenues?
From 3Q15 to 3Q16, Halliburton’s (HAL) Drilling and Evaluation (or D&E) segment revenue fell 30%.
Why November Bakken Crude Oil Production Fell 22% Year-over-Year
The EIA estimates that the Bakken Shale produced 0.94 MMbpd of crude oil in November 2016. That’s ~22.0% lower than production in November 2015.
What’s Schlumberger’s Free Cash Flow Estimate?
In 3Q16, Schlumberger’s free cash flow was ~$1.0 million—compared to ~$2.2 billion last year. Its free cash flow has been positive in the past 13 quarters.
Why October Bakken Crude Oil Production Fell 21% Year-over-Year
The number of rigs working at the Bakken Shale increased to 31 in October 2016 compared to 28 a month ago.
Analyzing National Oilwell Varco’s Dividend
On August 18, National Oilwell Varco (NOV) approved to pay a quarterly dividend of $0.05 per share to shareholders on September 30.
How Did the US Rig Count Affect SLB, HAL, and BHI in 3Q16?
In the past year, Baker Hughes’s North America revenue share has fallen 51%—the steepest fall among the four major OFS companies in this review.
Bill Gross: Monetary Policy on Steady but Slow Path
After the release of the FOMC’s November statement, Bill Gross said that monetary policy in the United States is steadily moving toward normalization, though its pace is slow.
Halliburton: What’s Management’s View after 3Q16?
Dave Lesar, Halliburton’s chairman and CEO, thinks that the energy market is turning positive. The US rig count has been strong since the end of 3Q16.
Wall Street’s Forecasts for Schlumberger before Its 3Q16 Report
Approximately 78% of analysts tracking Schlumberger have issued a “buy” recommendation or some equivalent, and ~17% have issued a “hold” or some equivalent.
Analyzing Halliburton’s Strategies in 3Q16
From 2Q15 to 2Q16, Halliburton’s (HAL) Drilling and Evaluation segment’s revenue fell 30%. Its operating income in the D&E segment fell 61% in 2Q16.
Will the Rig Count Impact Halliburton in 3Q16?
In the past year through 2Q16, the US rig count fell 51%. It reached its multiyear high in September 2014. Since then, it fell 73% until September 30.
Target Approves $5 Billion Repurchase Plan, Increases Dividend
On September 21, 2016, Target (TGT) announced a dividend of $0.60 per share, raising its quarterly dividend payments by 7% year-over-year.
Albemarle’s Valuations Ahead of 2Q16 Earnings Release
In the past two years, Albemarle (ALB) has been trading at a one-year forward PE of 10.3x–21.60x. On July 26, 2016, it was trading at 21.5x.
Why June Bakken Crude Oil Production Fell 17% Year-over-Year
The Bakken Shale produced 1.0 MMbpd of crude oil in June 2016. That’s 3.2% less than the production level in May 2016 and 17% lower than the production level in June 2015.
Has SLB’s Correlation with Crude Oil Fallen since 1Q16?
The correlation coefficient between Schlumberger’s stock price and crude oil prices from June 2015 to the present is 0.63.
What You’ll Want to Know about Anthem’s Guidance for 2016
In its 1Q16 conference call, Anthem updated its 2016 revenue guidance to $81 billion–$82 billion—higher than the previous projection by about $1 billion.
The Story behind Colgate-Palmolive’s Commercial Strategies
Colgate-Palmolive’s global market share is ~45%. It is the leading toothpaste compared to Oral-B and Close-up, especially in emerging markets like India.
What Are the Major Risks Faced by Kansas City Southern?
Kansas City Southern is subject to competition from truck carriers, barge lines, and other maritime shippers. Given KSU’s relatively small scale of operations, its competition is probably the toughest among all Class I railroads.
Hurdles in Clorox’s Growth: Weaknesses and Threats
Advertising and promotional events from Unilever and PG’s home cleaners and a rise in the popularity of store brands pose threats to Clorox.
Freeport-McMoRan: How Equity Issuance Saved the Day
Freeport-McMoRan’s (FCX) net debt was negative in 4Q12. This basically means that the cash on Freeport-McMoRan’s balance sheet was more than its borrowings.
Alcoa’s 3Q15 Revenues Fall on Lower Pricing, Divestitures
Alcoa reported revenues of $5.6 billion in 3Q15, down 11% year-over-year. Alcoa’s 3Q15 revenues were negatively impacted by plant closures and divestitures.
PepsiCo’s Frito-Lay North America Poised for Further Growth
PepsiCo’s Frito-Lay North America division contributed 22% of the company’s net revenue in fiscal 2014. The segment posted an operating margin of 28% in fiscal 2014.
PepsiCo’s Strategy for Its UK Business
PepsiCo’s strategy for its UK business involves continued investment in its core brands across snacks and beverages, including Walkers, Tropicana, Naked, Quaker, and Pepsi.
Is Tesla Pursuing the Correct Sales and Distribution Strategy?
Tesla (TSLA) uses the online sales model coupled with company-owned stores to sell its cars. Selling more vehicles online reduces the company’s selling costs.
TE Connectivity Is a New Addition to AQR Capital’s Portfolio
According to its 13F filing, AQR Capital initiated a position in TE Connectivity (TEL) in 4Q14. TEL stock represented 0.39% of the fund’s 4Q14 portfolio.
Will The Coach Transformation Plan Work?
Going forward, Coach will have to balance its need to rebuild its brand with the realities of a cut-throat and discount-seeking market.
Coach’s Supply Chain And Manufacturing Model
Although the manufacturing process is outsourced, Coach tries to keep a grip on the manufacturing process from design to production.