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Tuesday, August 7, 2007

McDermott Intl earnings soar

For those of you who read the second post in the series on how to unlock stock market profits you may remember McDermott International (MDR).

As part of our discussion on using stock screeners we worked our way through three different web sites, finally ending up with a short list of stocks derived from the Zacks.com screener. McDermott was one of them and we focused on the company as one of the most interesting on the list.

Today McDermott announced blow-out earnings. Their profit tripled, they exceeded analyst expectations and announced a two-for-one stock split. The stock gained 4.2% today.

I hope readers will continue to experiment with stock screeners. Today's news on McDermott shows screeners can point you to some top-notch investments.

Disclosure: I own no shares of MDR

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