|Bid||17.81 x 1400|
|Ask||17.82 x 900|
|Day's Range||17.32 - 17.97|
|52 Week Range||16.52 - 60.60|
|Beta (3Y Monthly)||2.44|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.84 (4.83%)|
|1y Target Est||N/A|
The JV between Fluor (FLR) and United Infrastructure Group has been selected by NCDOT for a project, which will boost the Mining, Industrial, Infrastructure & Power business division of the former.
Altair Engineering (ALTR) is likely to benefit from solid growth in software products during the second quarter. However, incremental costs raise a concern.
The market may have logged a partial intraday rebound on Friday, but even so, five consecutive days of losses took a toll. The stage is set for at least a modest pushback this week, though there's little guarantee it will turn back into a prolonged rally.Source: Shutterstock Square (NYSE:SQ) played a big role in shaving 0.73% off of the S&P 500's value, falling more than 14% after posting its Q2 numbers. Although it topped estimates, investors are doubting its growth prospects without food delivery service Caviar being part of the mix. Caviar is being acquired by DoorDash.Fluor (NYSE:FLR) booked a bigger loss though, with its 26% tumble -- the biggest one-day loss ever -- dragging it to 15-year lows after it reported a surprise loss for the second quarter. Working to keep the market propped up, unsuccessfully, was Newell (NASDAQ:NWL). Shares of the storage container and home goods name jumped more than 14% after reporting an earnings beat that wasn't tainted by the revenue shortfall. The improved outlook helped.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yield Monthly Dividend Stocks to Buy As for names that may be worth a closer, trade-minded look though, the stocks charts of Westrock (NYSE:WRK), Arconic (NYSE:ARNC) and International Business Machines (NYSE:IBM) are at the top of a fairly short list. International Business Machines (IBM)It's not necessarily an omen of doom for International Business Machines. In fact, we're seeing some clear bullish clues on the daily chart for ol' Big Blue. But, this past week's chart action suggests IBM has been shaken out of its uptrend seen since early June, and is now going to pivot into at least a small pullback.Even better, the potential landing points for any pullback are not only clear, they're relatively close. * Click to EnlargeThe red flag is the shape of Thursday's and Friday's bar. In both cases, IBM shares gave up the bulk of their intraday gains. It has more to do with the market than the company, but shares were uniquely vulnerable all the same. * Backing out to a view of the weekly timeframe reveals at least part of the reason how this weakness materialized so easily. A ceiling extending back to the early 2017 peak got in the way. * Even so, all the key moving average lines are now sloped upward, saying the bigger trend is bullish no matter what. * The most plausible downside targets are the convergence of the 50-day and 100-day moving average lines near $140, and then the white 200-day moving average line just below $133. Westrock (WRK)It's difficult to fully appreciate it on the daily chart, but on the weekly chart of Westrock it's relatively clear that this stock is working hard to shake off the funk it was in during all of 2018 and the first half of 2019. Since the late-May low, WRK has finally started to log higher lows and higher highs. It's not quite a new uptrend yet.But, that's on the verge of changing. We're now seeing some things we've not seen in months, and we're closer to a technical breakout out than we've been in months. Just a little more forward progress could push Westrock past the pivotal tipping point. * 10 High-Yield Monthly Dividend Stocks to Buy * Click to EnlargeThat tipping point first and foremost is the 200-day moving average line, plotted in white on both stock charts. There's also straight-line resistance plotted in blue on both stock charts. * It's encouraging that since April we've seen more bullish volume than bearish volume. The daily chart's accumulation-distribution line is now sloped upward, and the weekly chart's Chaikin line is as well. * Perhaps just as important is that the 100-day moving average line, plotted in gray on both stock charts, is no longer offering resistance but the purple 50-day line is finally acting as support. Arconic (ARNC)Finally, the intuitive reaction to the sizeable setback Arconic shares suffered on Friday is to ignore it. It was a knee-jerk reaction to the company's earnings report, and most of the loss was recuperated in after-hours trading anyway.After-hours trading can be an aberration though, and a careful look at the days leading up to Friday's announcement makes clear that ARNC stock was already in a downtrend. The news could have easily revealed what traders were truly thinking. It absolutely yanked Arconic below a couple of critical support levels. * Click to EnlargeOne of those floors is the 50-day moving average, plotted in purple on the daily chart. More than that though, Friday's loss pulled Arconic stock under the floor that had guided it higher since January. * Underscoring the likelihood that the weakness is just the extension of existing selling is the way bearish volume has been rising since the beginning of last week. * The weekly chart points out that ARNC was already ripe for a pullback. For the first time in years, the RSI indicator was able to reach into overbought territory in July.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Generation Z Stocks to Buy Long * 5 Growth Stocks to Buy After the Rate Cut * 5 Dependable Dividend ETFs to Invest In The post 3 Big Stock Charts for Monday: Arconic, IBM and Westrock appeared first on InvestorPlace.
Shares of Fluor Corp. plummeted to a 15-year low Friday, after the engineering and construction company reported a another surprise large loss and revenue that fell well below expectations, and pulled its full-year outlook.
Shares of Fluor Corp. plummeted 27% toward a 15-year low, and is headed for the biggest one-day selloff since it went public in December 2000, after the engineering and construction company reported a large surprise loss and revenue that fell well below expectations, and pulled its full-year guidance. The company reported late Thursday it swung to a net loss of $554.8 million, or $3.96 a share, from a profit of $114.8 million, or 82 cents a share, in the year-earlier period. The loss included a $714 million charge as a result of an operational and strategic review of the company's businesses. The loss missed the average analyst estimate for a net profit of 51 cents a share, according to FactSet. Revenue fell 16% to $4.09 billion, missing the FactSet consensus of $4.71 billion. "We understand the implications of the magnitude of these results," said Chief Executive Carlos Hernandez, while Executive Chairman Alan Boeckmann said on the post-earnings conference call that he was "extremely disappointed" in the results. Analyst Tahira Afzal at KeyBanc Capital said the charges suggest "deeper structural issues with additional bleeding likely," but said the scrutiny and initial structural changes made are "important steps in the right direction." The stock, on track to close at the lowest price since November 2004, has now tumbled 56.5% over the past 12 months, while the Dow Jones Industrial Average has gained 4.2%.
Focus on high-value businesses and cost-saving initiatives are likely to aid Jacobs' (JEC) fiscal Q3 results. However, tough comps and transaction-related charges pose risks.
Fluor shares closed down by $8.24 Friday to $22.67 after the engineering and construction company swung to a second-quarter net loss. The Irving, Texas, company reported a loss of $3.96 a share, compared with earnings of 81 cents in the year-earlier period. Analysts surveyed by FactSet were expecting the company to report earnings of 50 cents a share on revenue of $4.71 billion.
Fluor (FLR) delivered earnings and revenue surprises of -36.54% and -10.22%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Fluor (NYSE: FLR ) unveils its next round of earnings this Thursday, August 1. Get prepared with Benzinga's ultimate preview for Fluor's Q2 earnings. Earnings and Revenue Wall Street analysts see Fluor ...
Fluor (FLR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fluor Corp NYSE:FLRView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for FLR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding FLR are favorable, with net inflows of $8.23 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Of the 25 companies with the highest-paid public company CEOs in the region, 10 had some kind of turnover in the chief executive office since June 2018.
Fluor Corporation (NYSE:FLR), which is in the construction business, and is based in United States, saw a decent share...
Fluor (FLR) is set to boost the Diversified Services business with Ecopetrol's Colombia-based refineries' turnaround maintenance services.