TheStreet.com's Jim Cramer says that bid has kept a floor under equities, but things are dire without it.
Without the futures ramping, don't things seem so expensive? Those consumer nondurables -- uh-oh, they have dollar pressure. The stimulus package of China? Is that why we bought Fluor (NYSE: FLR) (Cramer's...
FLR opened this morning at $38.85. So far today the stock has hit a low of $38.67 and a high of $43.99. As of 12:40, FLR is trading at $42.26, up $8.25 (...
Unfortunately we have scaled back Luminex (LMNX) to only a 0.1% stake - this was a name that had fallen 50% straight in a month and we were buying in the mid $14s early last week and then flipped out in mid $18s a few days later. Now a week later it's gapped up to mid $21s. Again, showing this market is indiscriminate in it's punishment - good, bad, or indifferent is getting sold off - Fluor (FLR) is another great example today of a company executing each and every quarter but beaten senseless.
Anyhow I have been very pleased with the vast majority of our holdings in terms of their busines...
We don't own any of these global engineering stocks at this moment, because effectively the market has chased us out of the names. We closed out of Jacobs Engineering in early September in the mid $60s; within 6 week it had fallen below $30. It is really quite sad to see the stocks performance when you consider how the best of breed are still performing "business as usual". The problem with owning these now is you have "reality" 1 day a quarter (when they report earnings) then rumors and innuendos of lost contracts, cancelled business, blah blah blah every other day of the quarter. As t...
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FLR
About Fluor Corp.
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