ITMS
8 years ago
Buying Past Breakout Levels To Make Money
Many traders and investors are always talking about the story or press releases from a company. In fact, if you watch CNBC, Bloomberg or Fox Business News you will always hear why such and such a stock is going to move higher. There always seems to be a catalyst or story behind the coming move higher for the particular equity that is being touted. Rarely, will the talking head in the financial media talk about chart reading or technical analysis.
Lets take a look at a stock which has very good chart support coming up for a potential trade. The name of the company is Jacobs Engineering Group Inc (NYSE:JEC). This stock has been selling off since late January when it traded as high as $63.42 a share. Today, Jacobs Engineering Group Inc stock is trading at $53.48 a share. This is obviously a significant pullback in the share price of JEC stock. So where is the buy level for JEC stock since it has declined so much? Well, this is when we want to look at the weekly chart to see if the there is technical reason for a bounce higher or for the selling to stop. The first thing that traders should note on the weekly chart is that the 200-weekly moving average sits at $50.62 a share. This level also happens to coincide with the November 2016 breakout. Now this is what a technical chart reader would call institutional sponsorship. This trade level is where I would be a buyer of JEC stock. Now, patiently wait for the equity to trade down to the $50.62 area on the chart.
Institutional traders and investors will generally support stocks and markets at these prior breakout levels. This same technique can often be applied on multiple time-frames for day trading, swing trading and investing. Obviously, you will and should test this method first, but with some practice you will find this tactic to be extremely useful when trading all equities.
Chart: http://www.inthemoneystocks.com/images/JEC%204.13.17.png
Nicholas Santiago
InTheMoneyStocks
Taurus
16 years ago
URS and Jacobs Engineering Joint Venture Wins U.S. Army Corps of Engineers ContractBY CapIQ
— 10:05 AM ET 05/27/2009
URS Corp. (URS) announced that a joint venture between URS and Jacobs Engineering Group, Inc. has been awarded an indefinite delivery/indefinite quantity contract to provide general design support and construction management services to the U.S. Army Corps of Engineers(USACE), New Orleans Hurricane Protection Office. URS has an 85% share in the joint venture. The contract consists of a one-year base period, followed by four one-year options, during which the joint venture would compete for task orders with a maximum contract value of $90 million over five years, if all priced options are exercised. The joint venture will provide services that will contribute to the reconstruction of New Orleans following the damages caused by Hurricane Katrina. Task orders will include design support, construction management services, and other support work for new or existing structures, such as navigational locks, flood control structures, pumping stations, marine structures, roadways, bridges and buildings in and around the city.
Taurus
16 years ago
URS and Jacobs Engineering Joint Venture Wins U.S. Army Corps of Engineers ContractBY CapIQ
— 10:05 AM ET 05/27/2009
URS Corp. (URS
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) announced that a joint venture between URS and Jacobs Engineering Group, Inc. has been awarded an indefinite delivery/indefinite quantity contract to provide general design support and construction management services to the U.S. Army Corps of Engineers(USACE), New Orleans Hurricane Protection Office. URS has an 85% share in the joint venture. The contract consists of a one-year base period, followed by four one-year options, during which the joint venture would compete for task orders with a maximum contract value of $90 million over five years, if all priced options are exercised. The joint venture will provide services that will contribute to the reconstruction of New Orleans following the damages caused by Hurricane Katrina. Task orders will include design support, construction management services, and other support work for new or existing structures, such as navigational locks, flood control structures, pumping stations, marine structures, roadways, bridges and buildings in and around the city.
sumisu
16 years ago
Go With Growth
Friday December 12, 12:59 pm ET
ByTim Melvin, RealMoney.com Contributor
http://biz.yahoo.com/ts/081212/10452953.html?.v=1
Back in 2006, I spent the better part of a day playing around with a stock selection back-tester and found several of the value screens I use now, including the book value and dividend screens I often write about. Two others offered high returns as well, but were not true value screens.
I wanted to revisit them, so I ran them back through my quick and dirty back-tester to make sure they were still valid. Both still beat the market handily over the past five-, 10- and 20-year periods. Armed with this information, I ran the criteria through the value-line stock screener to see what names pop up.
One of the screens is a very simple growth screen that eliminates most accounting gimmicks and earnings manipulation while spotting companies that grow over long periods of time, not just this year's fad stock. The criteria are simple: Earnings must be growing in excess of 15% a year for the past 10 years and book value must have grown at close to that level or more, indicating that management is successfully reinvesting earnings and continuing to grow the company. The absolute level of book does not matter in this screen, just the growth rate.
I found some names that are worth a further look given the steep selloff in the market this year. These companies are having a tough time like everybody else, but management has proven they know how to grow over the long term.
A reader not long ago berated me for leaving Dell off my list of cash-rich companies and perhaps justifiably so: the company is flush with $6 billion in net cash, or about 25% of the current stock price. Dell also has a tremendous growth record -- according to my screener, the company has grown earnings over the past 10 years at 21% and reinvested the profits to grow net worth by 16%.
Most analysts feel Dell will continue to grow at a decent rate into the future. The company also could be a beneficiary of the new presidential administration's plan to wire schools, hospitals and communities. At less than 9 times earnings and an EV/EBITDA ratio of less than 4, the stock appears cheap. Michael Dell seems to think so, having purchased better than 5 million shares this year.
Tiffany's might be in the worst segment of the retail market: High-end jewelry is a luxury item that is expected to suffer in the months ahead. But the company easily makes the list of growth winners, growing earnings and net worth at 17% a year for the last decade. Tiffany's has doubled in price off the lows of the last recession.
The next few quarters could be tough for the third-largest jewelry retailer in the U.S., but over the long run, management has proven it knows how to execute. This is one that will probably go lower before it recovers, but it belongs on your watch list of great growth companies.
Manitowoc has been mentioned several times on RealMoney as a potential infrastructure play. Even without massive stimulus spending, the company has been a winner, growing earnings and net worth at better than 20% annually for the past 10 years. The company has more than $3 billion in its crane business and continues to expand into food services. Manitowoc has more cash than debt and trades for less than 2 times EV/EBITDA.
Some other long-term growth winners span a wide range of industry groups. Retailers Urban Outfitters and Buckle make the grade, as well as technology leaders Cisco and Oracle . Jacobs Engineering , yet another infrastructure company, passes the growth screen.
A screen is just a starting point. The market could experience further downside through at least the fourth quarter of next year -- trade accordingly and tiptoe into positions, or consider using LEAP call spreads to establish positions and limit risk. However, a list of proven winning companies is a good place to shop in a bear market.
sumisu
16 years ago
Engineering shares fall as House defeats package
Monday September 29, 3:25 pm ET
Engineering shares fall after defeat by House of bailout bill
http://biz.yahoo.com/ap/080929/engineering_sector_snap.html?.v=1
NEW YORK (AP) -- Shares of engineering companies fell Monday after the House rejected a $700 billion emergency bill intended to rescue the faltering financial industry.
The Dow Jones index was off by 538 points as investors worried that credit markets will seize up without a government plan to buy up bad mortgages.
Shaw Group Inc. fell to $27.86, down by $4.79. Fluor Group Inc. tumbled to $48.22, down $7.29. Jacobs Engineering Group Inc. dropped $47.99, down $7.05. KBR Inc. was down $2.39, to $13.81. Foster Wheeler Limited fell $32, off by $5.90, and Emcor Group Inc. was down $2.57, to $25.25.
sumisu
16 years ago
Jacobs Engineering wins $35 million in NASA deal
Tuesday September 9, 10:52 am ET
Jacobs Engineering wins nearly $35 million for aerospace testing at Calif. NASA center
http://biz.yahoo.com/ap/080909/jacobs_engineering_nasa.html?.v=1
PASADENA, Calif. (AP) -- Jacobs Engineering Group Inc. announced Tuesday it won nearly $35 million for aerospace testing and facilities operations and maintenance at NASA Ames Research Center in California.
The funding will allow additional support for testing and facility operation, development projects and maintenance and repairs on wind tunnels and other facilities at the Ames center at Moffett Field.
The total value of the contract, which extends to July 31, 2009, is $123.8 million.
Jacobs has been providing these particular contract services to NASA Ames since 1998.
Shares of Jacobs Engineering traded at $58.01, down $3.90, or about 6.3 percent.
sumisu
17 years ago
Closing Glance: Construction companies end lower
Wednesday May 14, 4:08 pm ET
Construction, engineering shares mostly lower as investors pull back from previous gains
http://biz.yahoo.com/ap/080514/construction_closing_glance.html?.v=1
NEW YORK (AP) -- Shares of construction and engineering companies finished mostly lower on Wednesday as investors were tempered following sharp gains Tuesday driven by first-quarter earnings from Fluor Corp. and McDermott International Inc.
Fluor raised its full-year guidance Wednesday due to a one-time gain from a sale of its stake in a wind-farm joint venture.
Here's how some shares of construction and engineering companies made out:
Fluor, down $5.56, or 2.9 percent, to $185.47.
Jacobs Engineering Group Inc., up 9 cents to $94.03.
Quanta Services Inc., down $1, or 3.4 percent, to $28.66.
KBR Inc., down 56 cents to $33.55.
frenchee
17 years ago
AWE and Jacobs Sign Revised Contract for Major Projects
PASADENA, Calif., March 4 /PRNewswire-FirstCall/ -- Atomic Weapons Establishment, Plc and Jacobs Engineering Group Inc. (NYSE: JEC), are pleased to announce that they have reached agreement on an Integrated Management Team support contract at AWE's Aldermaston and Burghfield sites in England.
Jacobs' six-year contract provides personnel, processes, and best practices to complement AWE's world-class project delivery capability to support ongoing capital projects at the sites.
The revised contract provides Jacobs with incentives aimed at securing continuous improvement and optimal value for money on each individual project.
In announcing the new agreement, Director of Business Management and Finance for AWE Jason Smith said, "Jacobs has proven to be a real asset to our continuous improvement initiatives and we are pleased to renew and strengthen our relationship with them."
Jacobs Group Vice President Allyn Taylor stated, "Jacobs is pleased to continue its support of this vital defense mission. Our expertise in safety, project delivery, and value creation is ideally suited to AWE's objectives."
AWE plc operates the Atomic Weapons Establishment on behalf of the U.K. Ministry of Defence, manufacturing and maintaining the warheads for the UK's nuclear deterrent.
Jacobs, with over 54,000 employees and about $9.0 billion in revenues, provides technical, professional, and construction services globally.
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