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The global construction industry has been recovering from the recession, but stocks like Foster...

The global construction industry has been recovering from the recession, but stocks like Foster Wheeler (FWLT), Caterpillar (CAT) and Fluor (FLR) are giving back big chunks of YTD gains, making them attractive buys, Jonathan Yates writes. Financial indicators for each company look good, he says, and "the global construction market has a promising future."
Comments (1)
  • The declines are due to recent news of Chinese orders for equipment coming in lower than expected. Then there is the general sell-off in the market. With income tax payments due, this seasonal selling pressure will soon be over and the author saying for this being a buying opportunity is right on target.
    11 Apr 2012, 05:23 AM Reply Like
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