Bet On This Earnings Superstar
by Jon Lewis 08/05/09
Free Trading Guides
Fluor Corp. (FLR), the engineering and construction giant, is a stock that should make a great bullish earnings trade.
The company is scheduled to report after the close on Monday, Aug. 10.
The shares have jumped more than 10% on average in just one day following the past three earnings reports.
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Maybe that's because the company has beaten the consensus earnings forecast by an average of 15% each time.
Maybe it's also because Fluor derives a hefty chunk of revenue from major government contracts. And we all know how the government loves to spend money.
Whatever the reason, the company sits in a prime spot while the economy struggles.
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