Wednesday, July 2, 2008

Foster Wheeler (FWLT) is a BUY!

This infrastructure play, with its large exposure to petrochemicals and coal, still has much upside in this enviroment but being taken down with the broader market.

Current Price: 68.40

I think this stock can fall until $68.00 and then it becomes a must buy.

Filled the gap technically

Also look at FLR as another infrastructure play.

CLF must be looked at too. Taking a brutal beating today but insider have been buying on the way up.

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