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Earnings Releases Bank of Nova Scotia (TSX:BNS) reported a moderate growth in Net Interest Income (NII) in 3Q 08. However, net income available to common shareholders declined in 3Q 08 due to increase in provisions for credit losses, reflecting ongoing weakness in global financial markets.

Weatherford International Limited (Weatherford) reported strong y-o-y top-line growth in 2Q 08 led by strong performances across all of its geographical segments as a result of rising levels of global exploration and production (E&P) activity.

Four times a year, hedge funds & asset managers with > $100 million AUM (assets under management) are required to report to the SEC their holdings from the previous quarter. I check these 13F filings quarterly just to get a sense as to where these funds are putting their money sector wise.

Are the top value hedge funds going to beat the market every quarter, or just outperform when the market is going up? Maybe we should ask Will Ferrell, errr, I mean Robert Goulet:

Below is a blog entry on Ken Heebner's (he of CGM Funds) holdings as of 6/30/08. Funds are required to post their holdings with the SEC quarterly but are allowed quite a great delay. Due to Heebner's track record, it is worth noting what he is doing even if one agrees or disagrees with him.

Is it to soon to re-enter oil stocks? Oil stocks are down 11% year-to-date and down 21% from the year high established on May 20, responding to the 20% drop in oil prices. Yesterday, IEA, the International Energy Agency, raised its forecast for global oil demand in 2009 and said that it expects Chinese oil consumption to rise after the Olympic Games.

Back on April 23rd, we highlighted a list of the top rated stocks using MSN's StockScouter ratings. We noted that we would look at the stocks in a couple months to see how they performed. After updating the price performance of the stocks in the list, the average stock was down 3.78% versus the S&P 500's performance of -7.44%.

Zacks Analyst Blog Highlights: Tractor Supply Co., Rent-A-Center Inc., Weatherford International Ltd, Baker Hughes, Inc. and National Oilwell Varco Inc. July 27th, 2008 | No Comments | Posted in Business - Zacks.com announces the list of stocks featured in the Analyst Blog.

Earnings Releases Agnico-Eagle Mines Ltd.’s (NYSE:AEM) 2Q 08 mining revenues and profitability were significantly below our estimates. Although we remain optimistic about the ongoing development of the Goldex and Kittila mines, transition work at LaRonde aimed at recovering more copper-gold based ores and rising input costs is expected to constrain profitability over the near term.

Weatherford International Limited’s (Weatherford) NYSE common stock price has declined significantly since our last update report which we believe reflects investor reaction to a decline in crude oil prices in the last week. However, as we expect an increase in oil prices in the medium term, we reiterate our BUY rating for the common stock.