Oil service-supply stocks shine while earnings still lag

Oil field service company stocks outperformed the market during this year's first quarter, but their first quarter earnings were relatively dull by comparison, say analysts Donaldson, Lufkin & Jenrette.Service stocks enjoyed a major rebound as commodity prices surged and company earnings showed signs of recovery. The weakening of technology stocks also played a part as investors shifted their assets to more traditional companies, the analysts noted.In other company news, assets have changed hands in major deals in three South American countries, the Canadian merger frenzy continues apace, and growth continues at Louis Dreyfus Natural Gas Corp. with another major asset purchase.Service...

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