On July 30, Fluor rose 5.42% in pre-market trading, trading at 48.22 USD/share, with turnover of $79,500. The stock advanced alongside a broad rally across the Construction & Engineering sector, with peers Quanta up 13.16%, EMCOR Group up 13.01%, Comfort Systems USA up 7.86%, Sterling Construction up 7.41%, and MasTec up 6.85%.

Fluor enters the sector rally supported by a string of recent contract wins. On July 22, the company secured a front-end engineering and design contract from Gulf Petrochemical Industries for a new aromatics facility in Bahrain expected to produce 1.2 million metric tons of paraxylene and 500,000 tons of benzene annually. Earlier in July, Fluor won a long-term program management consultancy deal for Aramco's global capital projects. The company also completed the divestiture of its ICA joint venture stake for $175 million on July 17, with management indicating the combined gain and year-to-date operating income will exceed anticipated full-year earnings from the venture. Fluor is scheduled to report Q2 results on August 7.

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