Financial Review on Industrial Goods Stocks McDermott International Inc. and Fluor Corp. - Heavy Construction Companies Battl...
06 November 2012 - 2:00PM
Marketwired
A decrease in public construction in the U.S. continues to be a
concern for the heavy construction industry, within which companies
such as McDermott International Inc. and Fluor Corporation operate.
Competition for available contracts remains spirited, and in some
cases companies have landed projects only after offering deep
discounts. The Heavy Construction industry has seen the above
updates lately. And members can today access complimentary reports
for two companies,
McDermott International
Inc. (NYSE: MDR) and
Fluor Corporation
(NYSE: FLR), serving this industry by following this link
http://www.street-wire.com/register.php
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It is not all doom and gloom however. According to a recent
article put out by the Associated General Contractors of America,
construction spending rose to an almost three-year high in
September, as spending in a number of private areas, such as houses
and apartments increased. While this is a good sign, the article
also stated that levels of public construction, which greatly
affects the heavy construction industry, continued to be subdued.
Several companies have been able to land infrastructure projects as
of late though, and with the upcoming election soon to be decided,
it will be interesting to see how it affects the heavy construction
industry moving forward. McDermott International Inc. financial
analysis available by signing up for free at
http://www.street-wire.com/MDR06112012.pdf
Companies with international operations have been outperforming
their domestic-only peers in some cases, as growth from emerging
markets has helped to buoy sales. China has newly laid out plans to
spend $157 billion on infrastructure, and companies with operations
in the area could benefit. The Middle-East is another area of
growth, and select companies have been winning contracts there.
Street-Wire.com posted financial analysis on Fluor Corporation
today, members can access it at
http://www.street-wire.com/FLR06112012.pdf
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