The major stock indices were up Monday afternoon amid some optimism surrounding the initial trade deal between the U.S. and China. The deal could be signed at a meeting in November, although that’s not a guarantee at this point.
Two stocks that were handily beating the market on Monday were Halliburton (NYSE:HAL) and Coty (NYSE:COTY). Halliburton signaled that more cost cuts were on the way, and Coty announced a plan to possibly divest a major business.
Halliburton plans cost cuts as sales sink
Oil field service giant Halliburton didn’t have a great third quarter. Revenue tumbled 10% year over year to $5.55 billion, driven by a 21% decline in North America. Lower activity and pricing challenges weighed on the company’s North American