Stay Away From Fluor Corp.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide and operates in four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

Fluor Corp announced their first quarter earnings this past week and the stock price plummeted almost 25% toward a near 11-year low, while suffering their biggest-ever one-day drop, after the engineering, reported an unexpected loss, revenue that missed expectations, provided a downbeat outlook and after the chief executive had stepped down.

Profit and investor confidence in the engineering and construction company has been battered in recent years as Fluor absorbed a series of write-downs on projects ranging from refineries to power plants and offshore oil platforms.

The first-quarter loss “raises execution concerns,” said Sonia Baldeira, an analyst with Bloomberg Intelligence in a Thursday note. “The departure of CEO David Seaton, combined with a 1Q loss and missed estimates, heaps negative sentiment onto Fluor.”


I don’t really know about this sector, but it appears Fluor lives in the same neighborhood as GE.  And if you watch the Equity Markets / News then you know how GE has performed in the last 12-18 months.  If not, let you show you their stock chart.

Now let me show you Fluor’s stock chart.

I think it’s an easy conclusion…STAY AWAY FROM FLUOR as the chart suggest price has further downside to the monthly demand at $14.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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