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Cramer on BloggingStocks: Fluor shows the power of execution

 May 13, 2008 09:00 AM UTC
Return Risk
+1.30% MID
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Symbol Sentiment Start Return Closed
MDR Positive 05/13/08 -71.98% 10/23/08
CBI Positive 05/13/08 -53.50% --
HPQ Positive 05/13/08 -40.21% 03/09/09
IBM Positive 05/13/08 -5.55% 07/31/09
EDS Positive 05/13/08 -63.24% --
SGR Positive 05/13/08 -73.47% 11/19/08
JEC Positive 05/13/08 -50.92% --
FWLT Positive 05/13/08 -63.28% 12/10/08
FLR Positive 05/13/08 -75.74% --
ACM Positive 05/13/08 -13.67% --
URS Positive 05/13/08 -8.74% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Hewlett-Packard (HPQ), Market matters, International Business Machines (IBM), Electronic Data Systems (EDS), Commodities, Oil, Stocks to Buy, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says this report highlighted where the success lies in this market: energy and petroleum.

Fluor's (NYSE: FLR) (Cramer's Take) a monster. It shows you that what has hurt the other companies, particularly Chicago Bridge & Iron (NYSE: CBI) (Cramer's Take), is pure execution.

This gigantic beat also serves to remind us of the big dichotomy. You are either in the energy and petroleum products game or you are in a lot of games that don't work.

It's not easy for these companies, some of which have lived off the duress of state and local governments, including Shaw (NYSE: SGR) (Cramer's Take) and to a certain extent Aecom (NYSE: ACM) (Cramer's Take) and URS (NYSE: URS) (Cramer's Take), to become oil-and-gas plays.

The only ones that have transcended it beside Fluor are Foster Wheeler (NASDAQ: FWLT) (Cramer's Take) and Jacobs Engineering (NYSE: JEC) (Cramer's Take), and the only reason you would really know that is longevity. I remember in the early 1980s when FLR and then FWC would compete directly for all of the huge projects after the second oil shock.

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