Why Halliburton Company (HAL) Crashed on Tuesday
From Yahoo Finance: 2025-04-23 11:45:00
Wall Street indices bounced back after a bloodbath due to hopes of easing US-China trade tensions. Dow Jones rose by 2.66%, S&P 500 by 2.51%, and Nasdaq by 2.71%. Unfortunately, 10 companies, mostly gold miners, saw heavy selling with lower gold prices. Halliburton Company (HAL) dropped 5.57% to $20.70 after poor earnings.
Halliburton’s net income fell 66% to $204 million, revenues down 6.7% to $5.4 billion. RBC Capital lowered HAL’s price target to $28, citing industry pressure from tariffs and economic issues. HAL ranks 5th on the worst-performing list. Analysts recommend looking into AI stocks for higher returns in a shorter time frame.