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LONDON, March 8, 2013 /PRNewswire/ --
Construction spending in the U.S. has rebounded sharply since last year, driven by the residential construction market. While spending from government on construction projects is expected to remain weak, private sector construction spending is forecast to grow at a robust pace. Apart from residential construction, growth for companies such as McDermott International (NYSE: MDR), Foster Wheeler AG (NASDAQ: FWLT), Fluor Corporation (NYSE: FLR), MasTec Inc. (NYSE: MTZ) and The Goldfield Corporation (NYSEAMEX: GV) are also expected to benefit from increasing in spending on private sector infrastructure projects, especially in the oil and gas sector. On Thursday, heavy construction stocks ended on a mixed note even as the broad market rallied. StockCall professionals have completed their technical analysis on MDR, FWLT, FLR, MTZ, and GV and these free reports are accessible by registering at
Shares of McDermott International ended marginally lower in Thursday's trading session. The stock closed 0.28% lower at $10.76 on volume of 3.28 million. Despite the pullback yesterday, the stock has gained more than 2% in the last three sessions. Year-to-date, the stock has fallen more than 2.30%, underperforming the broad market. McDermott's shares fell sharply last week after failing to break through $13 resistance level. Technical indicators for the stock are currently giving strong bearish signals. Sign up for the free technical research on MDR at
Shares of Foster Wheeler AG fell in Thursday's trading session. However, losses were limited. The stock closed 0.24% lower at $20.57 on volume of 1.18 million. Despite the decline yesterday, the stock has gained more than 3.50% in the last three sessions. Year-to-date, though, the stock has fallen more than 15%, underperforming the broad market, which has gained more than 8.20% in the last three trading sessions. Foster Wheeler's shares are currently trading below their 50-day moving average, which is a bearish signal. The bearish trend is further confirmed by the stock's MACD chart. Be sure to read our latest technical research on FWLT by registering at
Shares of Fluor Corp. rose sharply in Thursday's trading session, tracking gains in the broad market. The stock closed 1.05% higher at $63.41 on above average volume of 2.14 million. Fluor's shares have gained more than 5.60% in the last three trading sessions. The company's shares have just crossed their 50-day moving average, which is a bullish signal. The bullish trend is further confirmed by recent volume activity and the MACD chart. Year-to-date, the stock has gained nearly 8%. Sign up and read the complimentary report on FLR at
Shares of MasTec Inc. rose marginally in Thursday's trading session. The stock closed 0.26% higher at $30.37 on volume of 362,821. It has gained more than 1.20% in the last three sessions. Year-to-date, MasTech Inc. shares have outperformed the broad market, gaining nearly 22%. The company's shares are currently facing resistance at around $31. The stock has strong support at $30. The free report on MTZ can be downloaded by signing up now at
Shares of The Goldfield Corporation rallied in Thursday's trading session, gaining 4% to finish the day at $4.16 on volume of 1.05 million. The stock has gained more than 14% in the last three sessions. Year-to-date, the stock has gained more than 121%. Free report on GV can be accessed by registering at
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