• Thu, May 5, 2011

GENERAL CONTRACTORS Stocks Expected To Be Down After Top Correlated Stocks Fire Sell Signals.

May 5, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the top most highly correlated GENERAL CONTRACTORS stocks and the majority have fired a Sell signal as of today. EMCOR GROUP INC (NYSE:EME), QUANTA SERVICES INC (NYSE:PWR), CHICAGO BRIDGE & IRON-NY SHR (NYSE:CBI), PIKE ELECTRIC CORP (NYSE:PIKE), KSW INC (NASDAQ:KSW), INTEGRATED ELECTRICAL SERVIC (NASDAQ:IESC) are all expected to be Down as the top stocks in the sector have fired Sell signals. Group rotation is a phenomenon where institutions exert buying or selling pressure in an industry group, pushing prices of the group higher or higher relative to the general market. An industry can often lead or lag the market, and the most highly correlated stocks (mirror closest to the overall move in that group) usually move in unison. The technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php . The chart below displays the correlation, beta and relative strength of the top most highly correlated stocks in the highlighted industry group:

     Symbol     Company                             Correlation     Beta        RelStr      Sector 
     EME        EMCOR GROUP INC                     0.23            1.7         1.03        GENERAL CONTRACTORS
     PWR        QUANTA SERVICES INC                 0.27            1.01        1.01        GENERAL CONTRACTORS
     CBI        CHICAGO BRIDGE & IRON-NY SHR        -0.05           2.34        0.97        GENERAL CONTRACTORS
     PIKE       PIKE ELECTRIC CORP                  0.15            0.97        1.13        GENERAL CONTRACTORS
     KSW        KSW INC                             0.28            0.58        1.01        GENERAL CONTRACTORS
     IESC       INTEGRATED ELECTRICAL SERVIC        0.2             1.65        0.99        GENERAL CONTRACTORS
We automatically calculate correlation to help find the stocks that most closely match their groups movement and generate powerful group consensus trading signals to profit from the herd mentality. When multiple stocks in a group turn at the same time and the rotation of that group is confirmed, an explosive move typically occurs. Correlation measures the tendency for a symbol to move in unison with the group, beta measures the amount the symbol is expected to move relative to the group and relative strength looks back at the recent past to show how the stock has been moving relative to the group.

EMCOR GROUP INC (NYSE:EME) - EMCOR Group, Inc., together with its subsidiaries, provides electrical and mechanical construction and facilities services worldwide. It engages in the design, integration, installation, start-up, operation, and maintenance of various electrical and mechanical systems, including electric power transmission and distribution systems, such as power cables, conduits, distribution panels, transformers, generators, uninterruptible power supply systems, and related switch gear and controls; premises electrical and lighting systems, including fixtures and controls; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems, including fiber-optic and low-voltage copper cabling; and roadway and transit lighting, and fiber optic lines. The company also designs, integrates, and installs heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; fire protection systems; plumbing, process, and high-purity piping systems; water and wastewater treatment systems; and central plant heating and cooling systems. EMCOR Groups facilities services include industrial maintenance and services; outage services to utilities and industrial plants; site-based operations and maintenance; military base operations support services; mobile maintenance and services; facilities management; installation and support for building systems; technical consulting and diagnostic services; small modification and retrofit projects; program development, management, and maintenance for energy systems; and shop and on-site field services for refineries and petrochemical plants. It serves corporations, municipalities, and other government entities, as well as owners/developers and tenants of buildings, general contractors, systems suppliers, and other subcontractors. The company was founded in 1966 and is headquartered in Norwalk, Connecticut.

QUANTA SERVICES INC (NYSE:PWR) - Quanta Services, Inc. provides specialty contracting services primarily in North America. Its Electric Power Infrastructure Services segment offers network solutions to customers in the electric power industry. This segments services principally include the design, installation, upgrade, repair, and maintenance of electric power transmission and distribution networks, substation facilities, and wind turbine facilities and solar arrays; and emergency restoration services, such as repairing infrastructure damaged by inclement weather, energized installation, and maintenance and upgrade of electric power infrastructure. The companys Natural Gas and Pipeline Infrastructure Services segment provides network solutions to customers involved in the transportation of natural gas, oil, and other pipeline products. Its services comprise the design, installation, repair, and maintenance of natural gas and oil transmission and distribution systems, compressor and pump stations, and gas gathering systems, as well as related trenching, directional boring, and automatic welding services; and pipeline protection, pipeline integrity and rehabilitation, and fabrication of pipeline support systems. This segment also designs, installs, and maintains airport fueling systems, and water and sewer infrastructure. Its Telecommunications Infrastructure Services segment involves in the design, installation, repair, and maintenance of fiber optic, copper, and coaxial cable networks used for video, data, and voice transmission; and design and installation of wireless communications towers and switching systems to customers in the telecommunications and cable television industries. The companys Fiber Optic Licensing segment designs, procures, constructs, and maintains fiber optic telecommunications infrastructure; and licenses the right to use these point-to-point fiber optic telecommunications facilities. Quanta Services, Inc. was founded in 1997 and is headquartered in Houston, Texas.

CHICAGO BRIDGE & IRON-NY SHR (NYSE:CBI) - Chicago Bridge & Iron Company N.V. (CB&I) provides engineering, procurement, and construction (EPC) solutions, as well as process technologies for the energy infrastructure projects. It primarily focuses on projects related to oil and gas companies. CB&I operates in approximately 70 countries worldwide, principally in the United States, the Netherlands, Canada, the United Kingdom, the Pacific Rim, South America, and the Middle East. The company was founded in 1889 and is based in The Hague, the Netherlands.

PIKE ELECTRIC CORP (NYSE:PIKE) - Pike Electric Corporation and its subsidiaries provide energy solutions for utilities, municipalities, and co-operatives in the United States. The companys services include siting, permitting, engineering design, installation, maintenance, and repair of power delivery systems, including renewable energy projects. Its planning and siting process leverages technology and the collection of environmental, cultural, land use, and scientific data to facilitate negotiations and permitting for powerlines, substations, pipelines, and renewable energy installations. The company also provides design, engineering, procurement and construction, owner engineer, project management, multi-entity coordination, grid integration, balance-of-plant, and thermal rate solutions for individual or turnkey powerline, substation, and renewable energy projects. In addition, it offers overhead and underground powerline construction, up gradation, and extension services for distribution networks and transmission lines with voltages up to 345kV, energized maintenance work for voltages up to 500kV, and substation construction and service. Further, Pike Electric Corporation provides a total energy solution platform, including preliminary studies, planning, siting and permitting, engineering and design, construction, procurement, and grid interconnection services. Additionally, it offers storm restoration services, which include the repair or reconstruction of parts of a distribution or sub-500 kV transmission network comprising substations, power lines, utility poles, or other components damaged during flash floods, hurricanes, tornadoes, and snow, ice, or wind storms, as well as other natural disasters. Pike Electric Corporation was founded in 1945 and is headquartered in Mount Airy, North Carolina.

KSW INC (NASDAQ:KSW) - KSW, Inc., through its subsidiary, KSW Mechanical Services, Inc. furnishes and installs heating, ventilating, and air conditioning (HVAC) systems; and process piping systems for institutional, industrial, commercial, high-rise residential, and public works projects, primarily in the state of New York. It serves as a mechanical trade manager, performing project management services relating to the mechanical trades, as well as acts as a constructability consultant. The company is based in Long Island City, New York.

INTEGRATED ELECTRICAL SERVIC (NASDAQ:IESC) - Integrated Electrical Services, Inc. provides electrical contracting services primarily to the communications, residential, commercial, and industrial service and maintenance markets in the United States. It offers a range of services, including designing, building, maintaining, and servicing electrical, data communications, and utilities systems. The companys electrical contracting services include the design of electrical systems within a building or complex; procurement and installation of wiring and connection to power sources; end-use equipment and fixtures; and contract maintenance. It offers its services to general contractors, property managers and developers, corporations, government agencies, municipalities, and homeowners. The company also provides services for various projects, including high-rise residential and office buildings, power plants, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructure, and health care facilities, as well as residential developments, such as single-family housing and multi-family apartment complexes. In addition, the company offers communications services comprising the planning, design, implementation, and maintenance of a range of low voltage products for technology, financial, hi-tech manufacturing, co-location facilities, private higher education, healthcare, government, corporations, and universities. Further, it provides utility services consisting of overhead and underground installation and maintenance of electrical and other utilities transmission and distribution networks; installation and splicing of high-voltage transmission and distribution lines; substation construction; and substation and right-of-way maintenance. The company was founded in 1997 and is based in Houston, Texas.

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