What Makes Fluor (FLR) a Strong Momentum Stock: Buy Now?

Company Overview - Fluor (FLR) currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Price Performance - Over the past week, Fluor's shares have increased by 7.49%, while the Zacks Engineering - R and D Services industry remained flat [7] - In a longer time frame, Fluor's shares have risen by 10.83% over the past month, compared to the industry's performance of only 0.37% [7] - Over the last quarter, Fluor's shares have surged by 24.5%, and over the past year, they have gained 59.25%, significantly outperforming the S&P 500, which increased by 12.57% and 27.34% respectively [8] Trading Volume - Fluor's average 20-day trading volume is 1,707,978 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the past two months, one earnings estimate for Fluor has been revised upward, while none have been revised downward, leading to an increase in the consensus estimate from $2.86 to $2.88 [11] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [11] Conclusion - Considering the positive price movements, trading volume, and earnings outlook, Fluor is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [12]