CHICAGO - (Business Wire)
Zacks.com releases the latest
Analyst Interview. Today
’s interview is with senior analyst John Nelson Simon, who discusses
AAON Inc. (Nasdaq: AAON),
ABB Ltd. (NYSE: ABB),
Chicago Bridge & Iron (NYSE: CBI),
URS Corp. (NYSE: URS) and
Foster Wheeler (Nasdaq: FWLT).
A synopsis of today’s Analyst Interview is presented below. The full article can be read at http://at.zacks.com/?id=2678.
To what extent are engineering and construction stocks struggling due to the current problems in housing and real estate in general?
Some of the E&C stocks are struggling, that's true, but it's not so much from the housing and real estate debacle as it is from management decisions regarding acquisitions or other internal affairs. There still is strong demand for plants and equipment that have to do with power generation and hydrocarbons, as China and India continue to expand, perhaps more slowly, but expand nevertheless. Also, there still is a lot of activity in Iraq, which probably will continue for awhile.
I publish on five companies that fall into a broad definition of E&C and have BUY recommendations on four of them: AAON Inc. (Nasdaq: AAON), ABB Ltd. (NYSE: ABB), Chicago Bridge & Iron (NYSE: CBI) and URS Corp. (NYSE: URS). The fifth is Foster Wheeler (Nasdaq: FWLT), on which I have a HOLD.
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The performance of the Zacks Rank portfolios for annual and year-to-date periods are the linked monthly total returns (price changes + dividends) of equal weighted hypothetical portfolios, consisting of those stocks with the indicated Zacks Rank, assuming monthly rebalancing and zero transaction costs. These are not the returns of actual portfolios. The hypothetical portfolios were created at the beginning of each month from January 1988 forward based on the values of the Zacks Rank available to Zacks' clients before the beginning of each month. The portfolios created monthly from 1988 through September 2006 exclude ADRs and are comprised of stocks that have the indicated Zacks Rank and were covered by at least two analysts at the time of the stocks inclusion in the portfolio. Starting in October 2006 and going forward, the portfolios are comprised of all stocks with the indicated Zacks Rank and do not exclude ADRs, which is more reflective of the list of stocks that customers will find on the Zacks web sites. These performance numbers have been audited from 1995 through 2003 by Virchow, Krause & Company, LLP.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks.com
Mark Vickery
Zacks Web Content Editor
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