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It's all because some stocks are more powerful than others and the aberrations are to the downside. Not the upside.
While the majority of other IPOs have struggled, this stock is in a position to test recent highs.
The world's fastest-growing major nation has suddenly seen growth lurch lower. That's putting households, farmers and companies off big-ticket purchases such as vehicles.
My oil services play remains Schlumberger. SLB has not performed much better over time than has HAL, but the market awards SLB a higher multiple.