Construction Industry Sector: Oversold, but Worth Watching, Maybe Even Shorting

Shaw Group Inc (SGR) reported earnings that put a damper on the entire heavy construction industry group (click on chart to enlarge). While it’s a little oversold at the moment, this is a sector to watch for a weak bounce and then get short, provided the markets in general remain weak. Others worth watching in this sector are Fluor (FLR) KBR and Jacobs Engineering (JEC).

Comments

[tginomorebush:]

Shorts??? .......... may be eating their "shorts"!!!

Jul 12 07:55 AM

[ArtfulDodger:]

Fluor just got a 5 year $7.5 billion contract with the Army. I'm long there entering at $46.50.

But techies don't care about that, only investors.

Jul 12 10:47 AM

[Wojo:]

What a non-intelligent short cited article that has no technical merit and ignores recents contracts signed. SHorts will get killed if they follow this goof's advice. He is as bas as Cramer.

Jul 14 08:08 PM

[bullishpowe...:]

this is a very dangerous article. shorting infrastructure with how dated most of industry is and the grants and funding most of the industry will be getting down the road from the government seems stupid. good luck with that pal.

Jul 25 10:02 AM

[太阳黑�...:]

not sure if shorting major public infrastructure service provider is the best bet now. We are in the process of rescuing private sector through public sector spending(i.e. using the likes of Fluor)...

Aug 04 07:53 PM