Fluor Corp's 14% Dip Offers Buying Opportunity Amid Mixed Performance
Fluor Corporation's shares have dipped 14% this year, offering a potential buying opportunity. Meanwhile, other companies like Cintas and Sherwin-Williams have shown consistent growth over the past 15 years.
Fluor Corporation's recent forward-looking P/E ratio is near its five-year average, indicating a potential undervaluation. The company's performance has been mixed, with average annual gains of 35% over the past five years but only 1% over the past decade. However, Fluor holds a majority stake in NuScale Power, a nuclear startup that could drive future growth.
Cintas and Sherwin-Williams, on the other hand, have demonstrated steady growth. Cintas has averaged over 25% annually for 15 years, while Sherwin-Williams has averaged nearly 20% in the same period. Amazon's stock, with a forward P/E ratio of 28, is also below its five-year average of 46, suggesting a potential opportunity.
Opendoor Technologies has shown impressive growth, with average annual gains of 42% over the past three years and a staggering 320% over the past year. Its price-to-sales ratio of 1.1 indicates a relatively undemanding valuation. Fluor Corporation also boasts a substantial backlog of orders valued at $28.2 billion.
While Fluor Corporation's recent performance has been volatile, its current valuation and NuScale Power stake present an enticing opportunity. Meanwhile, Cintas, Sherwin-Williams, Amazon, and Opendoor Technologies have shown consistent or impressive growth, making them attractive to investors. The Technology Select Sector SPDR ETF (XLK) offers diversified exposure to leading technology and IT companies in the US stock market.
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