Smith International (SII) boasts numbers similar to Schlumberger's, but an even lower price-to-earnings multiple.

The investment in the Baltimore-based asset manager reflects a significant rebalancing out of the fund's profitable energy exposure -- which had peaked at 15% early this year, and included FMC Technologies (FTI), Noble (NE), and Smith International (SII) -- into financials. Since the spring, Sloan also has added People's United Financia l (PBCT), Moody's Investor Service (MCO) and Progressive (PGR) as part of boosting his weighting in financials from 5% to 15%.

Cramer said so.

3 Stocks I Saw on TV:
Dan Fitzpatrick examines three stocks viewed on 'Mad Money' and 'Fast Money.' Today's stocks include Smith International, Merk and Semiconductor HLDR.
Click here to watch the video.

fundamentals

Smith International (SII) was downgraded from Outperform to Perform, Oppenheimer said. Valuation call, despite strong results and a positive near-term outlook.

Smith International (SII) was upgraded from Neutral to Overweight, JP Morgan said. Company has an attractive relative risk/reward outlook, given its exposure to a recovering North American natural gas drilling business.

Same with the big oil momentum stocks like Core Labs (CLB) and Transocean (RIG). Schlumberger (SLB). Smith International (SII). And of course the coals.

Smith International (SII) was downgraded to Neutral rating from Buy at UBS. Price target cut to $67 from $72 while FY08 eps estimates hold $3.75.

20% , 18 , 0.9%

has been disappointing