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Sterne Agee Raises Price Target On Chicago Bridge & Iron (CBI)
Wednesday, October 27, 2010 - 7:10am | 147Sterne Agee is raising its earnings estimates and price target on Chicago Bridge & Iron Company N.V. (NYSE: CBI) after the company reported better than expected earnings yesterday. It's maintaining its Neutral rating and raising its price target to $28 from $26. In the research note sent to...
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CB&I Reports Third Quarter 2010 Results: EPS of $0.52
Tuesday, October 26, 2010 - 4:39pm | 58CB&I (NYSE: CBI) today reported net income of $51.8 million, or $0.52 per diluted share, for the third quarter of 2010. Revenue for the quarter was $909.1 million and New Awards totaled $893.1 million. Cash and cash equivalents increased to $361 million as of September 30, up from $300 million...
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CB&I Reports Mixed Quarter (CBI)
Tuesday, October 26, 2010 - 4:25pm | 49Chicago Bridge & Iron Company N.V. (NYSE: CBI) reports Q3 earnings of $0.52 versus consensus of $0.48. Chicago Bridge & Iron Company N.V. reports revenues of $909.1 million versus consensus of $1.02 billion. Shares are down in after hours, losing 64 cents to $24.50, a loss of 2.5%.
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Puts Purchased on Quanta Services, Inc. (PWR)
Tuesday, October 26, 2010 - 12:59pm | 161Shares of Quanta Services, Inc. (NYSE: PWR) are higher on the session by 0.60%, currently trading at $20.00. The stock has been moving largely higher over the past two months and it is now testing the 200-day moving average. Options traders are buying puts on the name today. A short while ago the...
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Citigroup Reiterates Hold Rating on Foster Wheeler (FWLT)
Tuesday, October 26, 2010 - 9:33am | 179Citigroup is out with a research report this morning, where it reiterates its Hold rating on Foster Wheeler AG (NASDAQ: FWLT); it has a $30.50 price target on the stock. The Citi analyasts cited the company's recent announcement that CEO Robert Flexon has stepped down. Umberto della Sala,...
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Foster Wheeler CEO Steps Down; Goldman Remains Neutral
Tuesday, October 26, 2010 - 9:27am | 143Foster Wheeler (NASDAQ: FWLT) announced Bob Flexon vacated the CEO position and Umberto della Sala assumed the Interim CEO role. Goldman believes the management change is largely due to a cultural fit at FWLT and not indicative of the company's strategic direction or underlying business. This...
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Fast Money Picks For October 26th (ICA, CVS, RIMM)
Monday, October 25, 2010 - 6:33pm | 146CNBC Fast Money's Tim Seymour said on the show that he wants to buy Empresas ICA SA (ADR) (NYSE: ICA) tomorrow. Empresas ICA SA (ADR) (ICA) gained 1.11% on Monday. Karen Finerman thinks that CVS Caremark Corporation (NYSE: CVS) should be bought on Tuesday. CVS Caremark Corporation (CVS) fell 0.41...
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Sterling Construction Company, Inc. is Apparent Low Bidder on a $91.2 Million Tollway Project
Monday, October 25, 2010 - 12:09pm | 81Sterling Construction Company, Inc. (Nasdaq: STRL) today announced that its subsidiary, Texas Sterling Construction Co., was the apparent low bidder on a $91.2 million construction project in Tarrant County, Texas. Project construction is expected to begin in the second quarter of 2011 and be...
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The Daily Long and Short Setup
Monday, October 25, 2010 - 8:33am | 106Futures have given back some of its gains, and leaving the bears with a chance at reversing its early morning misfortunes. However, the bulls are still in control of this market heading into the open. On the short pick below, be advised that ENI reports earnings on Wednesday which could drastically...
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Top 4 Small-Cap Stocks In The Heavy Construction Industry With The Highest ROE (MTRX, PLPC, MTZ, ORN)
Thursday, October 21, 2010 - 5:06am | 131Below are the top small-cap heavy construction stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Matrix Service Company (NASDAQ: MTRX) is 19.79%. MTRX's PEG ratio is 0.90. The trailing-twelve-month return on equity at Preformed Line...
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Fast Money Picks For October 21st (CBI, GS, MS, RHI, OCR, JO)
Wednesday, October 20, 2010 - 7:16pm | 254On CNBC's Fast Money, Patty Edwards said that she is a buyer of Chicago Bridge & Iron Company N.V. (NYSE: CBI) tomorrow. Chicago Bridge & Iron Company N.V. (CBI) gained 3.86% in the regular trading session today, and it added 2.21% in the after hours. Steve Cortes said that he likes the...
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Puts Purchased on Granite Construction (GVA)
Tuesday, October 19, 2010 - 11:59am | 143Shares of Granite Construction Incorporated (NYSE: GVA) are lower on the session by 0.12%, currently trading at $24.37. The stock has been moving largely lower over the past six months, though recently based and bounced off the $22.50 level. Options traders are buying protection on the name today...
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Jacobs Receives Three Year Contract from Nexen Inc.
Tuesday, October 19, 2010 - 7:45am | 57Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a three year, performance based contract from Nexen Inc. for the provision of general maintenance services at the company's Long Lake bitumen production and upgrading facilities in Fort McMurray, Alberta, Canada. Officials...
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Fluor Getting Smacked (FLR)
Monday, October 18, 2010 - 9:50am | 84Shares of Fluor Corporation (NYSE: FLR) are getting hit hard today, as the company announced it would take a charge in Q3. This morning Fluor announced it would take a 90 cent per share charge due to increased costs of Greater Gabbard Offshore Wind Project. It subsequently lowered its fiscal 2010...
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KBR Awarded Design Contract
Thursday, October 14, 2010 - 4:48pm | 94KBR (NYSE: KBR) announced today that it has been awarded a contract to execute the topsides detailed design for TOTAL's CLOV floating production, storage and offloading (FPSO) unit. This project is the fourth development pole in Angola's deep offshore Block 17, after Girassol, Dalia and Pazflor....