Monday, February 4, 2008

Infrastructure Stocks To Keep On A Watchlist

With the aging infrastructure, eventually there are going to massive public works projects to help stave off crumbling bridges and highways. This could be wrapped up into a type of stimulus package, but it probably won't be any time soon. Wylie Coyote is too busy giving us $500 rebates.

JEC - Jacobs Engineering Group (click to enlarge charts)
Jacobs Engineering Group, Inc. provides technical, professional, and construction services to industrial, commercial, and governmental customers worldwide. The company designs and engineers modern process plants, including projects for clients in the chemicals and polymers, pharmaceuticals and biotechnology, oil and gas refining, food and consumer products, and basic resources industries; buildings, such as facilities for healthcare, education, and criminal justice markets, as well as other buildings for clients in the private sector; infrastructure projects, including highways, roads, bridges, and other transportation systems, as well as water and wastewater treatment plants, water resources facilities, and other plants and facilities; technology and manufacturing facilities for clients in the aerospace, automotive, defense, semiconductor, and electronics industries; consumer products manufacturing facilities; and pulp and paper plants. It also offers consulting services, such as performing pricing studies, market analyses, and financial projections in determining the feasibility of a project; performing gasoline reformulation modeling; analyzing and evaluating layout and mechanical designs; analyzing automation and control systems; analyzing, designing, and executing biocontainment strategies; developing and performing process protocols with respect to Federal Drug Administration-mandated qualification and validation requirements; providing consultation on proposed railway and airport expansion projects; and performing geological and metallurgical studies. In addition, Jacobs Engineering Group provides traditional field construction services, environmental remedial construction services, and modular construction technology services. Further, it offers operations and maintenance services, such as management and support services, including subcontractors and other onsite personnel. The company was founded in 1957 and is based in Pasadena, California.

FLR - Fluor Corp.
Fluor Corporation, through its subsidiaries, provides engineering, procurement, and construction and maintenance (EPCM) services worldwide. It has five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power. The Oil & Gas segment offers design, EPCM, and project management services to upstream oil and gas production, downstream refining, and integrated petrochemicals industries. It also provides consulting services ranging from feasibility studies to process assessment to project finance structuring and studies. The Industrial & Infrastructure segment provides design and EPCM, as well as consulting, planning, structuring, engineering, and construction management services to the transportation, mining, life sciences, telecommunications, manufacturing, commercial and institutional, microelectronics, and healthcare sectors with respect to new construction and refurbishment of existing facilities. The Government segment provides project management services to the United States government, focusing on the departments of energy, homeland security, and defense. The Global Services segment offers operations and maintenance, small capital project execution, site equipment and tool services, industrial fleet outsourcing, plant turnaround services, temporary staffing, materials and subcontract procurement, and construction-related support services. The Power segment provides EPCM, program management, start-up, and commissioning services to the gas, solid fuel, nuclear, and plant betterment markets. The company also operates independently and as a subcontractor, providing unionized management and construction services in the United States and Canada. Fluor Corporation was founded in 1912 and is headquartered in Irving, Texas.

CBI - Chicago Bridge & Iron
Chicago Bridge & Iron Company N.V. operates as an engineering, procurement, and construction company worldwide. It offers conceptual design, engineering, procurement, fabrication, field erection, mechanical installation, and commissioning services. The company's projects include hydrocarbon processing plants, liquefied natural gas terminals and peak shaving plants, offshore structures, pipelines, bulk liquid terminals, water storage and treatment facilities, and other steel structures and associated systems. It serves various industries, including oil and gas, petrochemical and chemical, power, water and wastewater, and metals and mining. Chicago Bridge & Iron Company was founded in 1889 and is based in Hoofddorp, the Netherlands.

SGR - Shaw Group Inc.
The Shaw Group, Inc. offers engineering, technology, construction, fabrication, environmental, and industrial services to various companies worldwide. The Fossil and Nuclear segment provides project-related services, including design, engineering, construction, procurement, technology, and consulting services primarily to the fossil and nuclear power generation industries worldwide. The Environmental and Infrastructure segment designs and executes remediation solutions involving contaminants in soil, air, and water. It also provides project and facilities management, and other related services for non environmental construction, watershed restoration, emergency response services, outsourcing of privatization markets, and program management, as well as operations and maintenance solutions to support and enhance land, water, and air transportation systems. The Energy and Chemical segment offers project-related services, such as the design, engineering, construction, procurement, technology, and consulting services primarily to the oil and gas, refinery, petrochemical, and chemical industries. The Maintenance segment provides its clients with reliability services, turnarounds and outage services, capital construction services, tank design construction and maintenance, insulation, painting, and scaffolding services. The Fabrication and Manufacturing segment supplies fabricated piping systems. In addition, The Shaw Group supplies nuclear plant designs, licensing, engineering services, equipment, fuel, and other products and services to the owners and operators of nuclear power plants. The company's customers include multinational oil companies and industrial corporations, regulated utilities, independent and merchant power producers, governmental agencies, and other equipment manufacturers. It markets its services through an in-house sales force and through independent contractors. The company was founded in 1987 and is headquartered in Baton Rouge, Louisiana.

Updated S&P 500 Chart

S&P 500 Index 3-Day Chart with Linear Regression and Standard Deviations

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