Fluor saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 96.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Fluor is now out of buy range after clearing the 50.48 buy point in a double bottom.
The stock sports a 92 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 92% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q1, the company reported 55% earnings growth. It has now posted accelerating EPS increases for two consecutive quarters. Sales growth came in at 7%, down from 12% in the prior quarter. The company's next quarterly report is expected on or around Aug. 1.
Fluor holds the No. 6 rank among its peers in the Building-Heavy Construction industry group. Primoris Services, Argan and Everus Construction Group are among the top 5 highly-rated stocks within the group.
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