The Latest Breaking News from SLB

The major indexes and leading stocks jumped Friday on Fed-friendly economic data. A bullish turn or another head fake?

While a slowdown looks inevitable, the U.S. economy might narrowly avoid a recession this year. Moreover, experts believe the stock market can recover in 2023. Therefore, investors might consider buying quality momentum stocks Schlumberger (SLB), Overseas Shipholding (OSG), Epsilon Energy (EPSN), and Adams Resources & Energy (AE) now. Keep reading….

Futures rose on Nike earnings after the indexes halted their losing streaks. Tesla is trying to climb after diving again Tuesday.

With inflation starting to ease and the Fed indicating slowing down the pace of interest rate hikes, the market could witness a recovery. Therefore, fundamentally strong stocks Cigna Corp. (CI), Schlumberger (SLB), and Myers Industries (MYE) could be worth buying before year-end. Read more….

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.

A whale with a lot of money to spend has taken a noticeably bearish stance on Schlumberger. Looking at options history for Schlumberger (NYSE:SLB) we detected 41 strange trades.

Schlumberger earnings beat estimates Friday as the oilfield service firm reported momentum was building in the industry. SLB shares edged higher Friday.

Someone with a lot of money to spend has taken a bearish stance on Schlumberger (NYSE:SLB). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

There are two ways to win on cash-secured puts. Either as an income play or a way to get stock at a discount.