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Fluor Corporation

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Mtnews

Mtnews of The Penny Stock Pick Blog

May 14, 2008

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Todays top stock pick for the trading session was Fluor Corporation (NYSE: FLR) which posted a strong gain during the regular trading session. After market trading pushed the stock higher by almost 25 points.

insert.a.chart.FLR

At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) loss of 44.13 points on the day to end the session at 12,832.18
NYSE (New York Stock Exchange) loss of 7.51 points to end the session at 9,410.46
NASDAQ gain of 6.63 points for a close at 2,495.12
S&P 500 loss of 0.54 points for a close at 1,403.04
FTSE All-World ex-U.S. loss of 0.02 points to close at 253.02
FTSE RAFI 1000 loss of 18.69 points to close at 5,635.57
BEL 20 loss of 15.52 points to close at 3,827.40
CAC 40 gain of 22.46 points to close at 4,998.67
FTSE100 loss of 8.7 points to close at 6,211.9
NIKKEI 225 gain of 210.3 points to close at 13,953.7

News on the New York Stock Exchange (NYSE) today: advanced stocks 1,591; declined stocks 1,556; unchanged stocks 98; stocks hitting new highs 102; stocks hitting new lows 31. Daily Trading Range and end of day trading results for volatile stocks on the NYSE traded by active Day Traders today: Fluor Corporation (NYSE: FLR) gained 13.60 points on the trading day, high on the trading day $194.40, low on the trading day $182.28, for a closing price at $191.03; Rio Tinto plc (NYSE: RTP) gained 13.60 points on the trading day, high on the trading day $523.49, low on the trading day $510.74, for a closing price at $517.10; Monsanto Company (NYSE: MON) shed 1.43 points on the trading day, high on the trading day $122.13, low on the trading day $118.40, for a closing price at $120.39; Bunge Limited (NYSE: BG) shed 4.38 points on the trading day, high on the trading day $120.50, low on the trading day $113.84, for a closing price at $116.73; Zimmer Holdings Incorporated (NYSE: ZMH) shed 2.71 points on the trading day, high on the trading day $67.92, low on the trading day $66.12, for a closing price at $66.85; Petroleo Brasileiro (NYSE: PBR) gained 1.65 points on the trading day, high on the trading day $68.00, low on the trading day $66.69, for a closing price at $67.35; CF Industries Holdings, Incorporated (NYSE: CF) shed 2.31 points on the trading day, high on the trading day $141.00, low on the trading day $135.55, for a closing price at $137.04; CONSOL Energy Incorporated (NYSE: CNX) gained 3.86 points on the trading day, high on the trading day $95.85, low on the trading day $90.52, for a closing price at $95.62; Potash Corporation of Saskatchewan, Incorporated (NYSE: POT) shed 3.12 points on the trading day, high on the trading day $200.24, low on the trading day $196.00, for a closing price at $197.57; Transocean, Incorporated (NYSE: RIG) gained 0.83 points on the trading day, high on the trading day $149.89, low on the trading day $145.33, for a closing price at $149.03.

News on the NASDAQ today: advanced stocks 1,490; declined stocks 1,390; unchanged stocks 160; stocks hitting new highs 55; stocks hitting new lows 79. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: Canadian Solar Incorporated (NasdaqGS: CSIQ) gained 6.68 points on the trading day, high on the trading day $45.08, low on the trading day $40.12, for a closing price at $40.78; Celgene Corporation (NasdaqGS: CELG) shed 1.42 points on the trading day, high on the trading day $62.06, low on the trading day $59.43, for a closing price at $60.31; Fossil Incorporated (NasdaqGS: FOSL) shed 3.03 points on the trading day, high on the trading day $35.65, low on the trading day $33.33, for a closing price at $34.20; Google Incorporated (NasdaqGS: GOOG) shed 1.94 points on the trading day, high on the trading day $587.95, low on the trading day $578.55, for a closing price at $583.00; Nuance Communications, Incorporated (NasdaqGS: NUAN) shed 1.31 points on the trading day, high on the trading day $19.92, low on the trading day $19.06, for a closing price at $19.70; Energy Conversion Devices, Incorporated (NasdaqGS: ENER) gained 3.58 points on the trading day, high on the trading day $55.29, low on the trading day $52.25, for a closing price at $55.20; First Solar, Incorporated (NasdaqGS: FSLR) gained 18.78 points on the trading day, high on the trading day $306.89, low on the trading day $289.78, for a closing price at $303.98; Sina Corporation (NasdaqGS: SINA) gained 0.82 points on the trading day, high on the trading day $54.00, low on the trading day $50.28, for a closing price at $51.87; Baidu.com, Incorporated (NasdaqGS: BIDU) gained 1.13 points on the trading day, high on the trading day $373.32, low on the trading day $361.30, for a closing price at $368.00; Apple Incorporated (NasdaqGS: AAPL) gained 1.93 points on the trading day, high on the trading day $191.45, low on the trading day $187.86, for a closing price at $190.09.

News on the American Stock Exchange (AMEX) today: advanced stocks 575; declined stocks 615; unchanged stocks 107; stocks hitting new highs 32; stocks hitting new lows 22.

U.S. March Business Inventories increased by 0.1% as compared to expectations of an increase by 0.4%.

Redbook: U.S. Retail Sales during first week of May were higher by 2.1% compared to April reading. Redbook Research's latest indicator of national retail sales rose 2.1% in the first week of May compared with the previous month, according to data released Tuesday. The index's rise compared with a targeted 1.9% gain, according to the report. The Johnson Redbook Index also showed seasonally adjusted sales during the one-week period rose 2.0% compared with May 2007 and compared with a targeted increase of 1.7%. Redbook said on an unadjusted basis, for the week ending May 10 sales were up 2.0% versus a year ago.

U.S. April Import Prices increased by 1.8% compared to consensus of an increase by 1.6%; U.S. April Non-Petroleum Import Prices increased by 1.1%; U.S. April Petroleum Import Prices increased by 4.4%; U.S. Import Prices increased by 15.4% n the year at the biggest rise on record; U.S. Import Prices from China up record 4.1% on the year; U.S. April Retail & Food Sales fell 0.2% compared to consensus of a decrease by 0.2%; U.S. April Retail & Food Sales Excluding-Autos increased by 0.5%; March Retail & Food Sales unrevised at an increase by 0.2%.

Commodities Markets
Energy Sector: Light Crude (NYM) gained $1.57 on the day to close at $125.80 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.14 on the day to close at $3.70 a gallon ($US per gal.); Natural Gas (NYM) gained $0.12 on the day to close at $11.42 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.04 on the day to close at $3.20 a gallon ($US per gal.).

Metals Markets: Gold (CMX) shed $15.30 to close at $869.60 ($US per Troy oz.); Silver (CMX) shed $0.40 to close at $16.83 ($US per Troy oz.); Platinum (NYM) shed $49.90 to close at $2,073.40 ($US per Troy oz.) and Copper (CMX) shed $0.02 to close at $3.73 ($US per lb.).

Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.35 to close at 77.80; Pork Bellies (CME) gained 0.88 to close at 80.43; Live Cattle (CME) shed 0.13 to close at 99.98; Feeder Cattle (CME) gained 1.88 to close at 112.65.

Other Commodities (cents per bu.): Corn (CBT) shed 7.50 to close the session at 607.25 and Soybeans (CBT) gained 37.00 to close the session at 1,342.50.

Bonds were higher across the board today: 2 year bond shed 9/32 to close at 99 11/32 with a Yield of 2.46, Yield Change +0.16; 5 year bond shed 21/32 to close at 99 27/32 with a Yield of 3.15, Yield Change +0.14; 10 year bond shed 30/32 to close at 99 23/32 with a Yield of 3.90, Yield Change +0.11; the 30 year bond shed 1 12/32 to close at 96 on the day with a Yield of 4.62, Yield Change +0.09.

The e-mini Dow $5 ended the commodity session today at 12,826 with a loss of 38 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.

by Mtnews (The Penny Stock Pick Blog)

Disclaimer:

Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests.

Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk.

There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital.

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