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home / news releases / NOV - NOV Has Peaked

NOV - NOV Has Peaked

National Oilwell Varco Inc.
  • NOV reported strong revenue growth in Q1 and an improved EBITDA margin. Rising oil prices have helped oil-related names.
  • Elevated oil markets could drive profitability next quarter. However, the upside appears priced into the stock.
  • Oil prices could become more normalized if the war between Russia and the Ukraine subsides.
  • As the Fed removes the punch bowl, the U.S. economy could stall or even decline. NOV and the economy have likely peaked. Sell NOV.

For further details see:

NOV Has Peaked
Stock Information
Company Name: National Oilwell Varco Inc.
Stock Symbol: NOV
Market: NYSE
Website: nov.com
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