Stock That Started Tech Rally Now Hurting It, What Salesforce Execs Look For In An Acquisition, Why Halliburton Shares Rise Despite Weak End Markets

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Includes: CRM, GLD, HAL, INTC, TXT, USO
by: Tusk Media

Summary

Oil. (1:01 - 2:41) A discussion of the high-frequency data floor traders are watching.

Halliburton. (3:30 - 11:50) Shares are rising despite a revenue miss.

Intel. (12:10 - 19:30) Weak Q4 guidance has the Street pressing the “reset” button.

Salesforce. (19:30 - 28:20) Leaked slides show CEO approval as a major driver of M&A.

Textron. (28:22 - 32:57) We are holding off for now after HON’s weak forecast.

Markets are truly "Black and Yellow" as oil (NYSEARCA:USO) and gold (NYSEARCA:GLD) lead the way. Senior Equity Analyst Ben Nye and Intern Barrett discuss the high frequency API and DOE data that often drive oil on Tuesdays and Wednesdays. Ben explains that the data is volatile and often goes back and forth from week to week.

Halliburton (NYSE:HAL) is benefiting from results that are bad - but no longer falling off a cliff. The shares are up despite posting a revenue miss. As the video explains, Ben sees HAL as a call option of sorts on the notion that drilling activity will pick up. He also explains how the calendar means that Q4 may not come up all roses.

Analyst Matt Krebsbach joins Ben for a discussion on Intel (NASDAQ:INTC). The mega-cap tech giant posted better than expected Q3 results but the shares are falling as gross margin has only one way to go and the company prepares for inventory destocking in the supply chain. The pair are in agreement on their view of where the shares become attractive.

Salesforce's (NYSE:CRM) leaked M&A slide deck from May made headline news this morning. Krebs and Ben take a look at the candidates and explore how CRM goes about actually selecting deals. IBM CEO Ginni Rometty would do well to avoid that article. Her CEO rating is the lowest on the list. Maybe CRM CEO Marc Benioff is eyeing the top job at Big Blue?

Finally, Textron (NYSE:TXT). Krebs gets you prepared with a detailed discussion of the TXT business and what he thinks will drive the stock going forward. He explains how we are at a low point in the cycle and we ask: Will a Trump administration install a runway in the Rose Garden?

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Disclosure: I am/we are long INTC, IBM, HAL.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.