Once as hot as Nvidia, SLB looks like a Buy, Barron’s says

Schlumberger (SLB) was the Nvidia (NVDA) of the 1980s-and the beaten-down stock could still produce some Nvidia-like gains, Andrew Bary writes in this week’s edition of Barron’s. Schlumberger, now called SLB, was one of the market’s hottest stocks as the leading servicer to the then-dominant energy industry, and at one point had the world’s fifth-largest market cap. SLB is still the world’s leading oil-services company, with operations in 100 countries, but energy matters little in the S&P 500 index, and the out-of-favor stock isn’t trading much higher than it did 40 years ago, the author notes, arguing, however, that SLB is worth a fresh look.