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What's Ahead: Today's Economic Outlook -- Equity Research on National-Oilwell Varco, Inc. and Schlumberger Limited.(October 27, 2011)
MACAU -- (Marketwire) -- 10/27/11 -- Today, www.EquityMarketsInc.com announced its research report highlighting National-Oilwell Varco, Inc. (NYSE: NOV) and Schlumberger Limited. (NYSE: SLB). Full content and research is available at www.EquityMarketsInc.com/research.php?id=NOV+SLB.
Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets'.
As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.
Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.
Equity Markets has reviewed National-Oilwell Varco, Inc. for its current position within the basic materials industry. National Oilwell Varco, Inc. (NOV) is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services and supply chain integration services to the upstream oil and gas industry. It operates in three business segments: Rig Technology, Petroleum Services & Supplies and Distribution Services. The full research report on National-Oilwell Varco, Inc. (NYSE: NOV) is available here: www.EquityMarketsInc.com/research.php?id=NOV.
Equity Markets has reviewed Schlumberger Limited. for its development within the basic materials industry. Schlumberger Limited (Schlumberger) is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. Schlumberger consisted of five business segments as of December 31, 2010: it Oilfield Services, WesternGeco, M-I SWACO, Smith Oilfield and Distribution. The full research report on Schlumberger Limited. (NYSE: SLB) is available here: www.EquityMarketsInc.com/research.php?id=SLB.
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