Dark Money Sell Alert: Sell Your FLR Calls and PCG Puts
FLR is still very depressed relative to its earnings potential and the Biden administration’s future infrastructure plans will aid its earnings recovery. But with infrastructure negotiations proceeding slowly, and the August recess ahead, a bill may not be signed until far into September. Let’s take a loss now to recoup some value. Also, PCG shares have performed poorly due to wildfire concerns, and we have a nice gain on this position in a short time frame, so we recommend selling shares now.
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