Oil Service Stocks Get Slammed On Back Of Global Slowdown
This morning, many of the leading oil service stocks are trading sharply lower at the start of the trading session. Last night, all of the major stock indexes around the world sold off, this decline is certainly weighing on the oil services sector. Traders and investors can track the oil services sector by following the Market Vectors Oil Services ETF (NYSEARCA:OIH). Today, the OIH is trading lower by $1.17 to $41.40 a share. Day traders should watch for intra-day support around the $41.40, and $41.00 levels.
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MAJESTIC GOLD CORP (MJGCF.PK)
MAJESTIC GOLD CORP (MJGCF.PK) engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
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Baker Hughes Incorporated (NYSE:BHI) reported net income attributable to Baker Hughes for the fourth quarter 2010 of $335 million or $0.77 per diluted share compared to $84 million or $0.27 per diluted share for the fourth quarter 2009 and $255 million or $0.59 per diluted share for the third quarter 2010.