This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.
"Fluor (NYSE: FLR), my top pick for 2009, is a global heavyweight in the engineering, procurement, construction and maintenance field," says noted value investor Nathan Slaughter.
The editor of Half-Priced Stocks explains, "2008 won't go down as one of the most memorable for Fluor shareholders -- but 2009 is likely to tell a different story.
"Texas-based Fluor began by building oil refineries over a century ago and has since expanded its repertoire to encompass other specialties including power, telecommunications, and transportation. Annual revenues are now $20 billion.
"In early December, President-elect Obama unveiled ambitious plans for a hefty economic stimulus package, spearheaded by a pledge to rebuild highways and complete other public works projects that will revitalize our aging infrastructure.
"These bold initiatives are aimed at putting workers back on the payrolls and reinvigorating the nation's economy -- but they will also funnel billions into the coffers of construction firms like Fluor.
Closing Bell: Can't go up every day (BAC, HE, HPW, COMS, BRCD, WMT, AMD)
Wal-Mart grows profit and cash flow in Q3, but comps still ailing
Chasing Value: Ten stocks for 2010 -- Part 2
