FMC-Tech has developed a system that delivers dramatically improved network performance at lower cost.
Lufkin competes with other oilfield services companies like Baker Hughes, Cameron Corp. and FMC Technologies.
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Meanwhile, DuPont has surged 21 percent and Philadelphia-based chemical giant FMC Corporation is up 9 percent.
Analysts generally think investors should stand pat on FMC, with five of 10 analysts rating it hold.
Other competitors in the energy sector include: FMC Technologies (FTI), National-Oilwell Varco (NOV), and Dril-Quip (DRQ).
The defense units of Rockwell International (number 12), FMC (number 14) and Unisys (number 15) disappeared in similar fashion.
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Then bad welding on production manifolds made by FMC Technologies (weakened by months sitting unattended on the seafloor) led to leaks.
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Among companies that are selling into a shortage or have a bulwark against a downturn, FMC stands tall on many fronts.
Under the agreement, FMC will use DaVita Rx prescription drug services to fill and ship oral medications to its U.S. Medicare patients.
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By taking the plunge on FMC Tech, GE is expanding its offerings in a particularly promising area of the smart-grid space: distribution automation.
The Wall Street consensus is 81 cents per share, up 2.5% from a year ago when FMC reported earnings of 79 cents per share.
FMC's aim, of course, is to provide the gaiatsu excuse that the Japanese authorities need to concede--after an appropriate amount of sucking their breath regretfully through clenched teeth.
Oh, and FMC owns a soda ash mine in Wyoming, digging the commodity (a.k.a. sodium carbonate) out of the ground at a fraction of the cost of manufactured soda ash.
Plus, FMC sells recession-resistant chemicals like coatings for pills, and a third of its revenue comes from specialty chemicals, including lithium, the raw material for the next generation of electric-vehicle batteries ( click here for related story).
Among the largest underlying components of OIH, in trading today FMC Technologies, Inc. ( NYSE: FTI) is up about 0.9%, Cameron International Corp ( NYSE: CAM) is up about 1.5%, and Seadrill Ltd ( NYSE: SDRL) is higher by about 0.3%.
Among the largest underlying components of OIH, in trading today Baker Hughes Inc. ( NYSE: BHI) is off about 1.3%, FMC Technologies, Inc. ( NYSE: FTI) is down about 2.1%, and Weatherford International, Ltd. ( NYSE: WFT) is lower by about 1%.
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