U.S. Stock Market Midday Update

Liberty Energy fell 11.14%. Based on recent news,

1. On July 22, Liberty Energy announced the establishment of a joint venture with PowerBridge to build a 2GW data center park in West Texas. Although this news was initially seen as positive, the market expressed concerns over the lack of clear commitments from end customers, leading to a decline in stock price.

2. On July 22, Liberty Energy released its second-quarter financial report. Although the adjusted earnings per share were $0.09, exceeding analysts' expectations of $0.04, the company's increased capital expenditures and uncertainty regarding the hydraulic fracturing business raised market concerns, further pressuring the stock price.

3. On July 23, analysts lowered the target price for Liberty Energy, with the average target price dropping from $32.38 to $32.15. Although the rating remained at "Buy," market confidence in the company's future performance weakened. The oilfield services industry has shown recent volatility, necessitating attention to macroeconomic changes.

Top Stocks by Industry Trading Volume

Schlumberger rose 10.96%. Based on recent key news:

1. On July 24, Schlumberger announced its second-quarter financial report, with revenue of $8.97 billion, exceeding market expectations of $8.67 billion, and adjusted earnings per share of $0.55, higher than the expected $0.51. Revenue in the North American market grew by 36% year-on-year, effectively offsetting negative impacts from the Middle East, driving the stock price up. Source: Zhitong Finance

2. On July 24, Schlumberger's CEO stated that the data center solutions business continues to grow rapidly, with annualized revenue expected to exceed $1 billion by the end of the year, boosting market confidence. Source: Zhitong Finance

3. On July 24, Schlumberger projected that fourth-quarter revenue would exceed $10 billion, a year-on-year increase of 5%, with the market optimistic about future performance, further lifting the stock price. Source: Zhitong Finance The demand in the oilfield services industry is recovering, and market sentiment is optimistic.

Baker Hughes rose 2.62%. Based on recent key news:

1. On July 24, Baker Hughes signed a five-year service agreement with GL Group, covering operational support and technical expertise, driving the stock price up. This agreement provides Baker Hughes with an opportunity to enter the Azerbaijan oil and gas market, enhancing market confidence.

2. On July 24, the second-quarter financial report released by SLB exceeded expectations, causing Baker Hughes' stock price to rise due to industry sympathy effects. SLB's strong performance boosted investor confidence in the overall oilfield services industry, driving Baker Hughes' stock price up. The oil and gas industry has shown strong recent performance, enhancing market confidence Halliburton rose by 1.80%. Based on recent key news:

3. On July 22, Halliburton signed a strategic cooperation memorandum with Kaishan Group, aimed at promoting innovation and application of low-carbon energy technologies. This cooperation helps enhance Halliburton's influence in the renewable energy sector, driving up the stock price.

4. On July 22, Halliburton announced its second-quarter performance, with revenue increasing by 3.7% year-on-year, exceeding analysts' expectations of 3.6%. The strong performance boosted market confidence, pushing the stock price higher.

5. On July 22, Kuwait Oil Company awarded Halliburton a long-term agreement to promote technological development in the Ahmadi Innovation Valley. This agreement demonstrates the company's continued growth potential in the Middle East market, further uplifting the stock price. The oilfield services industry has performed strongly recently, enhancing investor confidence.

Stocks ranked among the top in industry market capitalization

FMC Technologies rose by 0.92%. Based on recent news,

1. On July 23, Wall Street noted that FMC Technologies' dividend growth strategy has become a robust defensive choice. This strategy has attracted more investor attention, driving up the stock price.

2. On July 22, analysts rated FMC Technologies as "Moderate Buy," but noted that there are five other stocks that are more attractive. Although this rating is not particularly positive, it still provides some support for the stock price.

3. On July 21, FMC Technologies' market capitalization reached $30.6 billion, setting a new 60-day high. This increase in market capitalization reflects market confidence in its future performance, further driving up the stock price. The energy equipment industry has performed strongly recently, increasing investor attention