Transocean (RIG) To Go Higher or Lower? Answer Within Article

Transocean (NYSE: RIG) is moving up today after announcing earnings last night. Transocean's Q3 earnings more than tripled on higher average daily rates and a few one-time gains, such as selling off some rigs.

My (friend, buddy, pal) Jim Cramer recently finished listening to the Transocean conference call and he reported that it was very bullish and RIG will continue to move higher. Cramer DOES his homework and with his continued bullish stance on Transocean, I wouldn't be surprised to see it move higher as well.

On another note, Cramer is still uber-bullish on Google (Nasdaq: GOOG) with a price target of $750. Google's earnings growth continues to outpace its multiple.

Transocean is an international provider of offshore contract drilling services for oil and gas wells.

Google maintains an index of Websites and other content, and makes this information freely available to anyone with an Internet connection.

Subscribe to EasyStockAlerts.com Now & Get The News Before Everyone Else!

You May Also Be Interested In

• Nomura/Instinet Starts Clean Max Enviro Energy Solutions (CLEANMAX:IN) at Buy
• Marvell (MRVL) PT Raised to $325 at Oppenheimer
• ULTA Beauty (ULTA) PT Raised to $625 at DA Davidson on Strong Results