From Bloomberg Online:
Top US equity movers:
Oilfield-services Stock: Oilfield-services companies rose on strong earnings reports and optimism that oil prices won't fall any further and may even go up. Investors are more optimistic after many companies in the group were able to increase profits by about 30 percent in the first quarter from a year ago, even with the drop in oil prices. Camco International Inc. (CAM) rose 4 1/2, or 7.2 percent, to 66 7/8; Cooper Cameron Corp. (RON) rose 3 1/16, or 4.9 percent, to 65 15/16; Energy Ventures Inc. (EVI) rose 2 1/8, or 4.1 percent, to 53 5/8; Halliburton Co. (HAL) rose 2 5/8, or 5.0 percent, to 55; Schlumberger Ltd. (SLB) rose 5 1/8, or 6.5 percent, to 83 9/16; Smith International Inc. (SII) rose 4 1/16, or 7.3 percent, to 59 7/8; Transocean Offshore Inc. (RIG) rose 2 3/4, or 5.2 percent, to 55 15/16; and Western Atlas Inc. (WAI) rose 3 9/16, or 4.7 percent, to 79 3/16; |
