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HEAVY CONSTRUCTION Stocks Expected To Be Up After Top Correlated Stocks Fire Buy Signals.


Published on 2011-05-10 06:50:06 - WOPRAI
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May 10, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the top most highly correlated HEAVY CONSTRUCTION stocks and the majority have fired a Buy signal as of today. DYCOM INDUSTRIES INC (NYSE:DY), FLUOR CORP (NYSE:FLR), FOSTER WHEELER AG (NASDAQ:FWLT), SHAW GROUP INC (NYSE:SHAW), PURE CYCLE CORP (NASDAQ:PCYO), PREFORMED LINE PRODUCTS CO (NASDAQ:PLPC) are all expected to be Up as the top stocks in the sector have fired Buy 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 
     DY         DYCOM INDUSTRIES INC                0.27            2.22        1.05        HEAVY CONSTRUCTION
     FLR        FLUOR CORP                          0.24            1.25        1           HEAVY CONSTRUCTION
     FWLT       FOSTER WHEELER AG                   0.23            1.84        1           HEAVY CONSTRUCTION
     SHAW       SHAW GROUP INC                      0.41            1.08        1.03        HEAVY CONSTRUCTION
     PCYO       PURE CYCLE CORP                     0.28            0.18        1.01        HEAVY CONSTRUCTION
     PLPC       PREFORMED LINE PRODUCTS CO          0.24            1.26        1.05        HEAVY CONSTRUCTION
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.

DYCOM INDUSTRIES INC (NYSE:DY) - Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The companys services include engineering services, which comprise the design of service area concept boxes, terminals, buried and aerial drops, transmission and central office equipment, administration of feeder and distribution cable pairs, and fiber cable routing and design for telephone companies; and make-ready studies, strand mapping, field walk-out, computer-aided radio frequency design and drafting, and fiber cable routing and design for cable television multiple system operators. The company also provides construction, maintenance, and installation of splice fiber, copper, and coaxial cables to telephone companies; installation and maintenance of customer premise equipment, including set top boxes and cable modems to cable television multiple system operators; and premise wiring services, which include installation, repair, and maintenance of telecommunications infrastructure within improved structures to various corporations, and state and local governments. In addition, Dycom offers underground utility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines to various utility companies. Further, it provides construction and maintenance services for electric utilities and others, which include installing and maintaining overhead and underground power distribution lines, as well as maintenance and installation of underground natural gas transmission and distribution systems. The company was founded in 1969 and is based in Palm Beach Gardens, Florida.

FLUOR CORP (NYSE:FLR) - Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, maintenance, and project management services worldwide. Its Oil & Gas segment offers design, engineering, procurement, construction, and project management services to upstream oil and gas production, downstream refining, chemicals, and petrochemicals industries. This segment also provides consulting services comprising feasibility studies, process assessment, and project finance structuring and studies. The companys Industrial & Infrastructure segment offers design, engineering, procurement, and construction services to the transportation, wind power, mining and metals, life sciences, telecommunications, manufacturing, commercial and institutional, microelectronics, and healthcare sectors. Its Government segment provides engineering, construction, logistics support, contingency response, management, and operations services to the United States government focusing on the Department of Energy, the Department of Homeland Security, and the Department of Defense. The companys Global Services segment offers operations and maintenance, small capital project engineering and execution, site equipment and tool services, industrial fleet services, plant turnaround services, temporary staffing services, and supply chain solutions. Its Power segment provides engineering, procurement, construction, program management, start-up and commissioning, and operations and maintenance services to the gas fueled, solid fueled, renewable, nuclear, and plant betterment markets. The company also offers unionized management and construction services in the United States and Canada. Fluor Corporation was founded in 1912 and is based in Irving, Texas.

FOSTER WHEELER AG (NASDAQ:FWLT) - Foster Wheeler AG, together with its subsidiaries, provides construction and engineering services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant operation and maintenance industries worldwide. The company operates through two groups, Global Engineering and Construction Group (Global E&C Group), and Global Power Group. The Global E&C Group designs, engineers, and constructs onshore and offshore upstream oil and gas processing facilities; natural gas liquefaction facilities and receiving terminals; gas-to-liquids facilities; oil refining; chemical and petrochemical; pharmaceutical and biotechnology facilities; power generation and distribution facilities; and gasification facilities. It also owns refinery residue upgrading technologies and a hydrogen production process used in oil refineries and petrochemical plants. In addition, this group performs environmental remediation services, and engages in the development, engineering, construction, and ownership of power generation and waste-to-energy facilities in Europe. The Global Power Group designs, manufactures, and erects steam generating and auxiliary equipment for electric power generating stations and industrial facilities. It also provides a range of site services, including construction and erection services, maintenance engineering, and plant upgrading and life extension. In addition, this group offers research and development services in the areas of combustion, fluid and gas dynamics, heat transfer, materials, and solid mechanics. Further, it owns and operates cogeneration, independent power production, and waste-to-energy facilities, as well as power generation facilities for the process and petrochemical industries. The company was formerly known as Foster Wheeler Ltd. and changed its name to Foster Wheeler AG in February 2009. Foster Wheeler AG was founded in 1894 and is headquartered in Geneva, Switzerland.

SHAW GROUP INC (NYSE:SHAW) - The Shaw Group Inc. provides technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services to multinational and national oil companies, industrial corporations, regulated utilities, independent and merchant power producers, and government agencies worldwide. Its Power segment provides design, engineering, construction, procurement, technology, and consulting services primarily to the fossil and nuclear power generation industries. The companys Plant Services segment offers refueling outage maintenance, turnaround maintenance, routine maintenance, modification, capital construction, off-site modularization, offshore fabrication, reliability engineering, plant engineering, plant support, and specialty services. Its Environmental and Infrastructure segment provides program and construction management, remediation and restoration, logistics support, operations and maintenance, emergency response and recovery, laboratory, and energy efficiency services. The companys Energy and Chemicals segment offers consulting, technology licensing, project management, engineering, procurement, construction, commissioning, and startup services for the oil and gas, refining, petrochemical, and upstream industries. Its Fabrication and Manufacturing segment provides fabricated piping systems for the electric power, chemical, and refinery industries. The company also supplies nuclear plant design, licensing, and engineering services, as well as equipment, fuel, and other products and services to the owners and operators of nuclear power plants. The Shaw Group was founded in 1987 and is headquartered in Baton Rouge, Louisiana.

PURE CYCLE CORP (NASDAQ:PCYO) - Pure Cycle Corporation engages in the design, construction, operation, and maintenance of water and wastewater systems in Colorado. The company withdraws, treats, stores, and delivers domestic water to customers; collects, treats, stores, and reuses wastewater; and treats and delivers reclaimed water for irrigation use by customers. As of August 31, 2009, it provided water services to approximately 247 single family equivalent water connections and 157 single family equivalent wastewater connections located in the southeastern Denver metropolitan area. The company offers its services to land owners, land developers, home builders, and municipalities. Pure Cycle Corporation was founded in 1976 and is based in Denver, Colorado.

PREFORMED LINE PRODUCTS CO (NASDAQ:PLPC) - Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, and information industries worldwide. The company offers formed wire and related hardware products to support, protect, terminate, and secure power conductor and communication cables and to control cable dynamics. These products also include hardware for supporting and protecting transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications. It also provides protective closures, which include splice cases to protect fixed line communication networks, such as copper cable or fiber optic cable from moisture, environmental hazards, and other potential contaminants. In addition, the company offers data communication cabinets that are used in high-speed data systems to hold and protect electronic equipment; plastic products, including guy markers, tree guards, fiber optic cable markers, and pedestal markers to identify power conductors, communication cables, and guy wires; and other products, such as hardware assemblies, pole line hardware, resale products, underground connectors, solar hardware systems, and urethane products, which are used by energy, renewable energy, communications, cable, and special industries. Its customers include public and private energy utilities, communication companies, cable operators, financial institutions, governmental agencies, contractors and subcontractors, distributors, and value-added resellers. The company markets its products through direct sales force and manufacturing representatives. Preformed Line Products Company was founded in 1947 and is headquartered in Mayfield Village, Ohio.

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