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Share Name | Share Symbol | Market | Type |
---|---|---|---|
McDermott International Inc | NYSE:MDR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.7032 | 0 | 01:00:00 |
*www.streetinvesting.com is a professional resource for traders looking for complimentary knowledge on the Heavy Construction sector; traders are welcomed to register for free at http://www.streetinvesting.com/index.php?id=2
Industrial contractor MasTec Inc. (NYSE: MTZ) and engineering and construction company McDermott International Inc. (NYSE: MDR) have both delivered profits in their most recent quarter even if McDermott saw a decline of 23% in its earnings. MasTec, in contrast, has taken Wall Street by surprise as the company's results were above consensus. Management of MasTec is looking forward to a stronger second half 2010 due to strong contracts wins. The company also caught the attention of KeyBanc's analyst who believes MasTec is ripe for an upgrade to buy citing improving fundamentals. Whilst McDermott saw revenue declines in most of its business segment, the company is poised to benefit from the growing global political support for nuclear energy.
*Easy to access downloadable reports on MasTec Inc. and McDermott International Inc. are available for free by signing up now at http://www.streetinvesting.com/article/mtz/905/Jun-15-2010.html or http://www.streetinvesting.com/article/mdr/904/Jun-15-2010.html
"We are seeing a surge in engineering and construction contracts in different segments of this industry and we believe that the second part of 2010 will see this trend heading north," commented James Stall of www.streetinvesting.com. Sign up today at http://www.streetinvesting.com/index.php?id=2 to access the full report on this industry.
Visit http://www.streetinvesting.com/index.php?id=2 to see how these companies have grown over the past years and how they will progress in the future.
About Street Investing: Streetinvesting.com provides a wide range of analytical research on what we feel is interesting companies that fit our philosophy. Streetinvesting.com strives to introduce investors to innovative philosophies by helping to find these opportunities before the market becomes aware of them.
Contact Person: James Stall info@streetinvesting.com
1 Year McDermott Chart |
1 Month McDermott Chart |
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