Fast Money's Power Trade
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Created by barrons3
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Date updated:08-12-2009

Investors are taking another look at the power trade after Devon Energy (DVN) posted a steep slide in quarterly profit Wednesday, hurt by the drop in energy prices, but beat Wall Street forecasts as its production climbed to record levels. What’s the trade?

symbol name last price % change open
  • +
  • FWLT
    Foster Wheeler Ag
  • $30.70
  • 0.00%
  • $N/A

I like the engineering names, reminds Pete Najarian. They have great potential and relatively low valuations. I’m keeping my eye on Foster Wheeler (FWLT) and Flour (FLR).

People owning FWLT also tend to own: ABKBBDCFCDEFCXFREHES

TheStreet.com Rating: C+ What is this?

  • +
  • FLR
    Fluor Cp (new)
  • $42.89
  • +0.97%
  • $43.08

Fluor just beat out KBR (KBR) for a big government contract, reminds Guy Adami. These stocks tend to scare me into earnings, but long-term they may be undervalued.

People owning FLR also tend to own: AMTAYECCICHTEGNEQTETR

TheStreet.com Rating: B- What is this?

  • +
  • KBR
    Kbr Inc
  • $18.93
  • 0.00%
  • $N/A

Fluor just beat out KBR (KBR) for a big government contract, reminds Guy Adami. These stocks tend to scare me into earnings, but long-term they may be undervalued.

People owning KBR also tend to own: APCAPPAUYAVNXBMDCBICOLM

TheStreet.com Rating: B- What is this?

  • +
  • DVN
    Devon Energy Cp (
  • $68.59
  • +1.84%
  • $68.10

Lee noted the runups today in Devon Energy (DVN) and Foster Wheeler (FWLT) in the power trade. Najarian likes the direction of the these stocks, adding they are cheap where they are trading now

People owning DVN also tend to own: AAPLBACBBYBGTCSCOCTSHDEO

TheStreet.com Rating: C- What is this?

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