Fluor (FLR) to Hedge Fund Computers: The World Does Not End at $110 Oil. Or $80. Or $50. - Trader Mark

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1 pt	Fluor (FLR) to Hedge Fund Computers: The World Does Not End at $110 Oil. Or $80. Or $50.
	Aug 12, 2008 07:47 PM UTC

Trader Mark

Return	Risk
-12.43%	LOW

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Symbol	Sentiment	Start	Return	Closed
FLR		08/12/08	-40.91%	--

Via Fund my Mutual Fund:

Have to love the Fluor (FLR) - probably had this contract sitting in their back pocket considering they just announced earnings yesterday, without mention of said contract. The market completely destroys their stock on "more fears of the future" and they come out with a $4 billion contract. Nice. Now instead of being down 12% on stellar earnings, they are only down 6%. (we consider that an up day around here) Boo Yah.

Fluor Corporation (NYSE: FLR - News) announced today that the company was awarded multiple contracts by BP America for its Whiting (Ind.) Refinery modernization project. Fluor is responsible for overall program and construction management, engineering, procurement, fabrication and construction. For this phase of the modernization project, Fluor will book $3.8 billion into backlog in the third quarter of 2008.
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Fluor Corp. (FLR)

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