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URS Corp. [URS
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URS Corp, a provider of engineering, construction and technical services, reported a 53 percent jump in first-quarter income as revenue in all its business units rose. The company also reaffirmed its full-year earnings forecast.
Fluor Corp. [FLR
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Engineering and construction company Fluor Corp reported better-than-expected quarterly earnings last Monday due to strong demand from the oil and gas industries and the U.S. government.
Fluor's net earnings rose 50 percent to $205 million, or $1.12 per share, topping analysts' average estimate of 93 cents a share, according to Reuters Estimates.
What’s the trade?
I like the space across the board, counsels Pete Najarian, and I think you should keep an eye on the stocks mentioned above as well as Siemen's [SI
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], Foster-Wheeler [FWLT
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I like Flowserve [FLS
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], adds Karen Finerman.
Or keep an eye on McDermott [MDR
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], adds Tim Seymour.
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Trader disclosure: On May 18th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (BX), (EEM), (FCX), (INFY), (PBR), (TTM); Macke Owns (AAPL), (WFC), (AGU), (GE), (SKF), (SDS); Finerman's Firm Owns (PBR), (RIG); Finerman's Firm Owns (BAC) Preferred; (WFC) Preferred; Finerman's Firm Is Short (BAC), (WFC); Najarian Owns (AMD) Calls; Najarian Owns (APC) CAll Spread; Najarian Owns (BBY) Put Spread; Najarian Owns (BP) Call Spread; Najarian Owns (BX) Calls; Najarian Owns (FAS) Call Spread; Najarian Owns (INTC) Calls; Najarian Owns (HPQ) Put Spread; Najarian Owns (MOS) Call Spread; Najarian OWns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Calls
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