This was one of the losers

In the latter theory the big durable good numbers and existing-home numbers are "in" the stock market. I say that because some of my hardest-hit names are directly linked to a stronger economy -- 3M (MMM), Caterpillar (CAT), Deere (DE), Fluor (FLR) and General Electric (GE) -- while the recession stocks are rocking: Procter & Gamble (PG), Celgene (CELG), General Mills (GIS), Pepsi (PEP), Coca-Cola (KO) and Abbott Laboratories (ABT). Worse, Dollar Tree (DLTR) and Family Dollar (FDO) are on the move.

If you want to play the space, I’d do it with Flour (FLR), Foster-Wheeler (FWLT) and/or Shaw Group (SHAW), counsels Pete Najarian.

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.

Seymour says the rotation to commodities is broader than energy, saying it will include sugar, ethanol, steel and coal. Najarian agreed, saying stocks like Freeport McMoRan(FCX) and Fluor(FLR) look cheap with plenty of upside left.

Outperform - Price 47 on July 14
by Baird Securities

Target: 60. Fluor is one of the world's largest engineering, procurement, construction and management companies, at No. 2 among U.S. contracting firms and No. 4 in design, [says] the Engineering News-Record. It is also a leading contractor [in its] primary end-markets, including No.1 in industrial processes and No. 3 in power. Fluor specializes in large-scale, multibillion-dollar megaprojects, providing design, engineering, construction, and management services for complex and capital-intensive ventures, often located in challenging geographies and environments. ...Fluor's consolidated revenue has grown at a 12.1% [compound annual growth rate] since 2001, supported by strong fundamentals across each of its businesses, including oil and gas, 29.8% CAGR; global services, 15.4% CAGR; power, 14.9% CAGR; government, 14.4% CAGR; and industrial and infrastructure, 9.2% CAGR. Fluor's revenue growth has been supported by healthy backlog growth. Historically, approximately 50% of Fluor's backlog is converted to revenue within 12 months. Market cap: $8.4 billion.

upside

"I don't care for these plays. But if you want to own one, this is probably the best." "'Mad Money Lightning Round': Take a Ride on Union Pacific," 6-12-09

On the Obama trade, Najarian said engineering stocks such as Fluor(FLR) and URS(URS) continue to flourish.

I like the space across the board, said Pete Najarian, and I think you should keep an eye on URS (URS), Fluor (FLR), Siemen's (SI) and Foster-Wheeler (FWLT).

Down, but cheap