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Jeffrey Ubben’s Top 5 Q4 Stock Picks

#3 Halliburton Company (NYSE:HAL)

– Shares held (as of September 30): 37.15 million

– Total Value (as of September 30): $1.31 billion

ValueAct cut its position in oil field services company Halliburton Company (NYSE:HAL) by 368,700 shares during the quarter. The company swung to a loss of $54 million in the third quarter, versus income of $1.20 billion a year ago. Revenue for the quarter fell to $5.6 billion compared to $5.9 billion in the same quarter of last year. As mentioned, the proposed $34.6 billion merger deal between Halliburton Company (NYSE:HAL) and Baker Hughes is facing antitrust scrutiny in the United States. In addition, the Australian Competition & Consumer Commission has also raised concerns about the merger, which would reduce the number of suppliers in the oilfield goods and services industry in Australia. Halliburton Company (NYSE:HAL) is trading down by 3.36% year-to-date. Ken Griffin’s...