Baker Hughes Rebound Is In The Works
Shares of Baker Hughes (NYSE:BKR) fell roughly 5.0% in the wake of the Q2 results but we are viewing the drop as a buying opportunity that could be worth 40% or more over the next few quarters. The company missed the top and bottom line estimates which is not something we like to see but there mitigating factors. Among them are underlying momentum within the business and the prospect of recouping lost business in Russia as oil producers work to offset the loss of Russian supply
