Don’t Bet On Fluor Corporation (FLR) As A Top Stock For US Manufacturing Reshoring, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Warned About Samsung’s Phones. Fluor Corporation (NYSE:FLR) is one of the stocks Jim Cramer recently discussed.

Fluor Corporation (NYSE:FLR) is one of the largest engineering and construction firms in America. The shares have lost 15% year-to-date due to a massive 29.6% drop in August. Fluor Corporation (NYSE:FLR)’s shares fell after the firm’s second quarter results saw it miss $4.6 billion in analyst revenue estimates and $0.56 in EPS estimates by posting $3.98 billion and $0.43. To further make matters worse, Fluor Corporation (NYSE:FLR) also reduced its full-year operating income guidance from an earlier midpoint of $625 million to $500 million for a sizable cut. Naturally, Cramer isn’t impressed by Fluor Corporation (NYSE:FLR) either:

“. . .people are looking for ways to be able to play the re-shoring. . . .Don’t do Fluor’s, Fluor’s had a series of missed quarters, that one is not on my screen.”

Copyright: lassedesignen / 123RF Stock Photo

Here are his earlier thoughts about Fluor Corporation (NYSE:FLR):  OKLO GEV

“Fluor’s always a bridesmaid, never a bride. I mean, that engineering construction, but people have lost money more on Fluor than, I actually did a study for Harvard that owned Fluor. And I said, you gotta sell Fluor no matter what, and that was in 1982.”

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Disclosure: None. This article is originally published at Insider Monkey.