TheStreet Picks: Fluor, Trinity

Here's a snapshot of TheStreet Picks, your go-to source for bullish and bearish stock takes.
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Every day on TheStreet.com, TheStreet Picks section rounds up the best stock ideas, with a focus on the clearest bullish and bearish takes.

Here is a snapshot of several recent investment ideas on

TheStreet Picks

.

From

3 Stocks I Saw on TV

(Video):

RealMoney

stock chartologist Dan Fitzpatrick examines three stocks he viewed on

Fast Money

and offers his technical advice. The stocks are

National Semi

(NSM)

,

ProShares Short Dow 30

(DOG) - Get Report

and

Fluor

(FLR) - Get Report

. "If you're long

Fluor, stay long," says Fitzpatrick. "Fluor ultimately moves higher."

To hear (and see) Fitzpatrick's three technical analyses, click the video player below:

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From

TSC's Power Stock Rankings: Joy Global

:

3. Trinity Industries

(TRN) - Get Report

: The stealth wind play of the market. To most investors, Trinity is a manufacturer of railcars for the railroad industry. But, it has a rapidly growing wind energy segment that is going to be a great upside catalyst over the next few years. With the recent pop in shares, I

TheStreet.com

research associate Patrick Schultz think investors are already beginning to view TRN as a play on wind power and not just railcars. I urge investors to continue to view TRN as a wind play.

-- BUY

To read the full article, click here.

From

Top Five Large-Cap Stocks: Hess

:

We

TheStreet.com Ratings

have rated

Hess

(HES) - Get Report

a buy since August 2004 due to a variety of strengths. Propelled by price increases for natural gas, natural gas liquids and oil, the company's total revenue and non-operating income for the first quarter of fiscal 2008 rose 45% year over year. An increase in average daily production of natural gas and crude oil also contributed to the improvement. Hess also announced that its first-quarter net income more than doubled to $759 million from $370 million a year ago, again due to higher crude oil prices and increased production. Additionally, net operating income increased 84% for the first quarter.

To read the full article, click here.

For more stock ideas, don't miss the daily TheStreet Picks articles

here

.

Wall Street Watch: Earnings and M&A

In addition to bullish and bearish takes on individual stocks, TheStreet Picks is also your go-to source for the latest Wall Street news via Earnings Watch and Merger & Acquisitions. Here are two recent highlights.

From

Toll Brothers Swings to Loss

:

Toll Brothers

(TOL) - Get Report

swung to a second-quarter loss that was narrower than analysts expected, but new orders for the homebuilder's luxury homes remained weak as Toll remains reluctant to cut prices across the board on its inventory.

To read the full article, click here.

From

Smucker Jells $3.3 Billion Folgers Deal

:

J.M. Smucker

(SJM) - Get Report

on Wednesday

June 4 said it was buying the Folgers coffee business from

Proctor & Gamble

(PG) - Get Report

for $3.3 billion.

Smucker, maker of its eponymous jellies, Jif peanut butter and Pillsbury baking products, said current P&G shareholders will receive approximately 53.5% of Smucker shares and current Smucker shareholders will own approximately 46.5% of the combined company upon closing the tax-free deal in the fall. Smucker also will assume responsibility for $350 million of Folgers debt and will offer its shareholders a special $5-a-share

dividend

.

"Folgers is a perfect strategic fit within our portfolio of leading and iconic North American food brands," Smucker Chairman and Co-CEO Tim Smucker said in a company statement. "Folgers will become our tenth number one brand in North America and will further enhance the high quality, great tasting, diverse product offerings that consumers expect from Smucker."

P&G Chairman and CEO A.G. Lafley said the sale fits with the company's strategy of exiting noncore businesses.

To read the full article, click here.

Other Tools and Idea Sources

On TheStreet Picks, under "Calendars," you'll find a link labeled "Conference Calls." This link will take you to

TheStreet.com's

dynamic

page of quarterly company reports

. This page includes archived Webcasts of real earnings conference calls that you can listen to at anytime.

TheStreet Picks also features constantly updated lists of EPS (earnings per share) estimates, a dividend stock watch list and two highlight stories from Stockpickr.

To stay up to date on TheStreet Picks, bookmark and visit

www.thestreet.com/thestreet-picks/

.

This article was written by a staff member of TheStreet.com.