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What's Ahead: Today's Economic Outlook -- Equity Research on Weatherford International Ltd. and Oil States International, Inc.(October 27, 2011)
MACAU -- (Marketwire) -- 10/27/11 -- Today, www.EquityMarketsInc.com announced its research report highlighting Weatherford International Ltd. (NYSE: WFT) and Oil States International, Inc. (NYSE: OIS). Full content and research is available at www.EquityMarketsInc.com/research.php?id=WFT+OIS.
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 Weatherford International Ltd. for its current position within the basic materials industry. Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. Weatherford operates in over 100 countries and has manufacturing facilities and sales, service and distribution located in the oil and natural gas producing regions throughout the world. The full research report on Weatherford International Ltd. (NYSE: WFT) is available here: www.EquityMarketsInc.com/research.php?id=WFT.
Equity Markets has reviewed Oil States International, Inc. for its development within the basic materials industry. Oil States International, Inc. (Oil States) through its subsidiaries, is a provider of specialty products and services to natural resources companies worldwide. It operates in four principal business segments: accommodations, offshore products, well site services and tubular services. The full research report on Oil States International, Inc. (NYSE: OIS) is available here: www.EquityMarketsInc.com/research.php?id=OIS.
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