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Cameron Is in an Uptrend

Investors have one-last chance to scoop-up shares of Cameron International Corp. (CAM), due to a pull-back, and it goes without saying that I'm reiterating my buy rating for the company's shares, first recommended on April 24, 2009, at a price of $25.59. If you bought Cameron in April 2009, you're up about 50%.

Look for Cameron to continue to benefit longer-term from demand for oilfield capital equipment and deepwater support equipment, on likely, ramping oil demand in immediate years ahead. Further, new technology that's likely to increase natural gas drilling and production (via a technology called hydraulic fracturing) in North America also holds out the promise of increased valve business for CAM.

Continue reading Cameron Is in an Uptrend

Cameron International: Pull-back is an opportunity

It's now or never, from a return on equity standpoint, with Cameron International Corporation (CAM), first recommended on April 24, 2009, at a price of $25.59. If you bought in April, you're up about 60%. I'm reiterating my buy rating, but there are qualifications.

Look for Cameron to continue to benefit from longer-term demand for oilfield capital equipment and deepwater support equipment, on likely, ramping oil demand in the immediate years ahead.

Continue reading Cameron International: Pull-back is an opportunity

As expected, Cameron is on the rise

If you hitched your train to Cameron International Corp. (NYSE: CAM) in late April, as recommended on April 24, 2009, you're up a nice 40%. And that's before the next oil boom begins.

Hence, I'm reiterating my Buy rating for Cameron, first recommended at a price of $25.59.

Continue reading As expected, Cameron is on the rise

Time to get-ahead-of-the-pack with Cameron

The Obama administration's promise to create a more self-reliant, energy-independent nation and the impact of efforts to first limit, then eliminate global warming from fossil fuels opens the door to alternative energy source development.

But, as Saudi Arabia reminds us, and the world, barring a breakthrough technology, fossil fuels will remain a major energy source for at least the next thirty to fifty years. In other words, oil is down now, but it's not out, and so Cameron International Corporation (NYSE: CAM) is worth a review.

Continue reading Time to get-ahead-of-the-pack with Cameron

MarketWatch technician eyes oil services

Technician Michael Ashbaugh expects a "cooling off period" before stocks again test their all-time highs. Yet, he remains bullish, with a particular focus on the oil services sector. In his MarketWatch Technical Indicator he explains, "The Dow was recently trading 206 points from all-time highs while the S&P 500 was 26 points from all-time highs."

He suggests, "Looking ahead, that's where the tension rests. The U.S. markets are facing significant resistance at record highs, and are extended near-term after a massive two-day spike. That means a cooling off period is likely due before they make a legitimate run at record territory."

Regardless of any short-term pullback, he adds, "The market's recent decisive break atop the 50-day moving average is distinctly bullish. The U.S. markets also confirmed their uptrend with a 24-to-1 positive volume session last Tuesday, meaning the longer-term path of least resistance is higher."

Meanwhile, one of his favored sectors, based on their technical positions, is the oil services stocks. He explains, "The Oil Services Index remains among the strongest sectors. We have selected several names to highlight as they are well positioned technically. And, their relative strength makes them better bets longer-term."

The advisor points to Weatherford International (NYSE: WFT); Cameron International (NYSE: CAM); Schlumberger (NYSE: SLB); National Oilwell Varco (NYSE: NOV); and FMC Technologies (NYSE: FTI).

Each day, Steven Halpern's TheStockAdvisors.com features the latest stock picks and investment ideas from the nation's leading financial newsletter advisors.

Symbol Lookup
IndexesChangePrice
DJIA-37.1910,741.98
NASDAQ-16.872,374.41
S&P 500-5.921,159.90

Last updated: March 22, 2010: 07:25 AM

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