Market Chasers

Market Midday Overview: July 18th, 2008

July 18, 2008 – 12:42 pm

Schlumberger(SLB) just released earnings before the bell this morning and beat consensus earnings estimates by 4 cent. I know we don’t have very many viewers yet but if you recall my article over Halliburton(HAL) last week, I estimated the company to beat earnings estimated by 3-4 cents which equates to a 5 percent gain that day. Schlumberger is trading +4.65% as of 12:40 CST. I mean….Is this enough proof for the readers to buy Halliburton? Are you REALLY willing to pass up free money? Halliburton is posting a slight gain today based on speculation that they will beat estimates but that doesn’t matter, you should still be buying this.

Thanks for reading.

-Justin Moon, Senior Writer for Marketchasers.com