The earnings of this construction company are forecasted to grow by 37.8% this quarter.
Tutor Perini Corporation (TPC)
From The Lancz Letter
Another quick rebound the past two days, more than making up for the even sharper sell-off investors experienced the previous two trading sessions. The alluring part of this increased volatility is the bargains that emerge into the depths of the selling, along with the higher levels to lock-in inflated profits.
A recent addition to LanczGlobal ‘s Current Top Buys is Tutor Perini Corp. The stock is not only significantly down from its recent highs, but also has bright longer-term prospects not yet on most investor’s radar.
Tutor Perini Corp.is an old-line construction/engineering company becoming attractive with or even without infrastructure legislation. The company is trying to clean up past project difficulties and has established a better governance process.
It is a little further down the risk spectrum than our prior Ball Corp. (BLL) recommendation, so investors should allocate any purchases appropriate to one’s risk profile, goals, and objectives. Should this latest stock market rally continue, we will be once again more in net profit taking mode.
Alan B. Lancz, The Lancz Letter, www.lanczglobal.com, 419-536-5200, July 21, 2021