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| JEC - Jacobs Engineering Group Inc. | Week Ended: 5/12/01 |
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| Price |
69.30 |
P/E Ratio |
22.26 |
52 Week High |
66.95 |
| Last Week |
+ 0.07 |
Earnings Date |
07/18/01 |
52 Week Low |
30.50 |
| Picked At |
62.00 |
Date Picked |
4/24/01 |
Sector |
Capital Goods |
| Activity |
| Current |
69.30 |
Open |
70.00 |
Change |
-1.19 |
| Low |
68.70 |
High |
70.00 |
Volume |
162,100 |
ZACKS | NEWS | PROFILE | HISTORICAL PRICES | OPTIONS | D-CHART |
| Company Description Jacobs Engineering provides a broad range of project services; process, scientific and systems consulting services; operations and maintenance services; and construction services. For the 3 months ended 12/31/00, revenues rose 15% to $929.2M. Net income totaled $20.1M, vs. a loss of $5.8M. Revenues reflect the growth from consulting services. Earnings also benefitted from the absence of the provision for litigation settlement in 1999.
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| Play Description April 24, 2001
JEC makes nice profits for itself by providing professional services in four areas; construction, scientific and systems consulting, operations and maintenance and full project services including engineering, design, and architectural services. Last week, JEC reported record quarterly revenue of $1.0 billion and posted profits of $0.79 a share. Future prospects also look good for the company because it has a backlog of $5.9 billion orders. JEC has been climbing nicely in price all year primarily because the economic slowdown has not hit its particular businesses. Last week, JEC reported record quarterly revenue of $1.0 billion and posted profits of $0.79 a share. Future prospects also look good for the company thanks to a backlog of $5.9 billion. Short-term momentum traders may want to consider adding to their JEC positions because the stock established a new high today of $62.14, which could bode well for another move higher. One positive consequence of today's move was the fact that the MACD avoided issuing a sell signal and is now pointing towards more price gains for JEC. Keep in mind, though, that the RSI is currently indicating an overbought condition. That said, the last time the RSI was at a similar level it just kept going.
Picked on April 24th @ $62.00
Change since picked +0.00
Stop Loss @ $58.00
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| Update May 6, 2001
Sometimes stocks can "fake out" traders by falling below support and rebounding immediately. That is exactly what happened to JEC in the early going on Friday, as the April jobs report had the market running scared at the open. Our trailing stop was triggered amidst the wave of early morning selling. JEC subsequently rebounded to end the day positive, but hey, we can never complain about a profitable trade.
Picked on April 24th @ $62.00
Profit/Loss +2.00 (3%) (Stopped Friday @ $64.00)
Best Profit +4.95 (8%)
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