Bull’s Eye Report: Aecom Technology (ACM)

Try ACM for a short-term trade

   

At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
Aecom Technology Corp. ACM Construction & Engineering 9.8 +23.21% $30.03

Why We Like The Stock:

Aecom Technology Corp. (ACM) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) in a strong sub-industry, construction and engineering. Construction and engineering stocks have had a good year thus far, starting off hot early on before cooling off in the months of March and April. Companies like URS Corp. (URS), EMCOR Group (EME), MasTec (MTZ), and ACM all share positive technical set-ups that have gained some serious steam recently. After pulling back in the month of April, ACM is headed higher once again. The stock crossed back above its 50-day moving average on May 14, and has crossed above its major short-term moving averages this morning. We like ACM at current prices for a run back to $33, its late-March highs.

We Would Be Buyers:

At the current price (~$31.30).

Company Profile:

AECOM Technology Corporation is a provider of professional technical and management support services for commercial and government clients around the world. The company provides planning, consulting, architectural and engineering design, and program and construction management services for a range of projects, including highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities, and power transmission and distribution. It also provides program and facilities management and maintenance, training, logistics and other support services, for agencies of the United States government. It offers services in two segments: Professional Technical Services and Management Support Services.

Stock Rating: 9.8

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

Aecom Technology – Last Three Months

acm 1 Bulls Eye Report: Aecom Technology (ACM)

Aecom Technology – Last 12 Months

acm 2 Bulls Eye Report: Aecom Technology (ACM)

Aecom Technology – Last Five Years

acm 3 Bulls Eye Report: Aecom Technology (ACM)
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At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.


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