1 Green Flag for Fluor Stock Right Now

Fluor's Q2 report arrived with some disappointing results, but some dynamics suggest that the stock could rebound well above current levels following the big pullback. Fluor notched $1.8 billion in new bookings in the second quarter, with 72% of those bookings being reimbursable. Meanwhile, the company's total bookings backlog stood at $28.2 billion, with 80% of that figure being reimbursable. Even though total bookings saw a drawdown from the $28.7 billion level at the end of the previous quarter, there ar ...