Fluor Awarded Loop 202 South Mountain Freeway Project

February 29, 2016: Fluor Corp led joint venture awarded Loop 202 South Mountain freeway project, Arizona’s largest ever highway project. Fluor announced today that its joint venture team was awarded the design-build and maintain project by the Arizona Department of Transportation (ADOT) to provide design, construction and maintenance services for the Loop 202 South Mountain Freeway. This project is the first freeway project procured under Arizonas public-private-partnership statute and ADOTs first design-build-maintain project ever. Located in the Phoenix metropolitan area, this will be the largest highway project in the states history. Fluor will book this project in the first quarter of 2016…

February 29, 2016: Fluor Corp led joint venture awarded Loop 202 South Mountain freeway project, Arizona’s largest ever highway project. Fluor announced today that its joint venture team was awarded the design-build and maintain project by the Arizona Department of Transportation (ADOT) to provide design, construction and maintenance services for the Loop 202 South Mountain Freeway. This project is the first freeway project procured under Arizonas public-private-partnership statute and ADOTs first design-build-maintain project ever. Located in the Phoenix metropolitan area, this will be the largest highway project in the states history. Fluor will book this project in the first quarter of 2016...

Select Medical Holdings Wells Fargo Reiterates Outperform Rating

February 29, 2016: Wells Fargo made positive comments and reiterates their Outperform rating on Select Medical Holdings Corp. Wells Fargo analysts set a price target range of $17 to $20, which is lower that their previous price target range of $19 to $22. Wells Fargo has revised their 2016 EPS to $1.03 from $1.00. Wells Fargo is increasing their 2016 and 2017 EBITDA estimates to $517 million and $590 million from $489 million and $576 million, respectively, based on their belief that Select Medical Holdings will increase compliance with new LTCH patient criteria at a significantly more rapid pace.

February 29, 2016: Wells Fargo made positive comments and reiterates their Outperform rating on Select Medical Holdings Corp. Wells Fargo analysts set a price target range of $17 to $20, which is lower that their previous price target range of $19 to $22. Wells Fargo has revised their 2016 EPS to $1.03 from $1.00. Wells Fargo is increasing their 2016 and 2017 EBITDA estimates to $517 million and $590 million from $489 million and $576 million, respectively, based on their belief that Select Medical Holdings will increase compliance with new LTCH patient criteria at a significantly more rapid pace.

Michael Kors Hearing Takeover Rumors Circulating

February 28, 2016: Hearing vague takeover rumors circulating about Michael Kors. The rumor is that PE firms are interested in buying the company. The rumors say that the buyout price is in the $70s per share area.

February 28, 2016: Hearing vague takeover rumors circulating about Michael Kors. The rumor is that PE firms are interested in buying the company. The rumors say that the buyout price is in the $70s per share area.

Existing Home Sales Growth In Double Digits YoY

Existing home sales were up 0.4 percent in January to a 5.47 million annualized rate. Amazingly January was able to hold on to most of December’s huge gains. Year-on-year sales growth is at 11.0 percent. The single-family component rose 1.0 percent to 4.86 million for a year-over-year gain of 11.2 percent. Condos came in at 610,000, down 4.7 percent, for a year-over-year gain of 8.9 percent.

existing-home-sales

Looking at the chart of Existing Home Sales, it’s sloppy and choppy, but it is slowly grinding higher within a precarious uptrend.