Why Did Credit Suisse Just Upgrade Oilfield Service & Equipment Stocks?

In a new report, Credit Suisse analyst James Wicklund has upgraded a handful of names in the oil services industry. Wicklund believes that investors should be scooping up shares of companies with unconventional North American exposure between now and the beginning of February.

Seasonal Cyclicality

Wicklund points out that February typically marks the end of a six-month market discount period for oil services stocks and that these names typically rebound from early February through at least mid-April. U.S. drilling activity is typically about 7.0 percent higher in the second half of the year than the first half.

The oil services sector was up 12 percent from Feb. 1 to April 15 in 2015.

Bottom Of The Cycle?

Despite the optimism, Credit Suisse is still among the consensus that believes…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!