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Bolling: Jazzed About Jacobs and Fluor

These stellar companies present a solid picture on future growth thanks to their roles in building and engineering.

Nawlins Baby! While Miami is my home away from home and New York is my home -- New Orleans is a great place to spend some time and is one of my favorite cities to get away to for a weekend. The city is chock full of life, passion and swagger.

The place is littered with phenomenal restaurants, beautiful architecture and up-and-coming artists. The French Quarter is a quaintly beautiful square filled with bistros and culinary delights. New Orleaners seem to sport a really unique mix of Cajun spice and French 'tude -- all buried within an 'I'm loving life' exterior. I could go on and on -- just know that New Orleans is high on my list of recommended places to visit.

So why all this about New Orleans? I am on my way to The Big Easy to do a show for

Fox Business

. We are going live from Cafe Du Monde in The Quarter. If you get to NOLA, take the time to try the Beignets, a local pastry that's nothing less than amazing, with an espresso or one of the really great local coffees. Being there is uplifting. The city is in her third year of rebuilding after the devastating one-two punch of Hurricanes Rita and Katrina. Construction projects are a constant reminder of the past and the hopeful future.

Seeing these building projects, I am reminded of the massive job of making them all happen. Whether it's reconstructing New Orleans and earthquake-ravaged cities in China or building out the cities around the globe as wealth expands from a few to many, demand for engineering services is robust to say the least.

Beyond recoveries from natural disasters, think of Dubai. Building Dubai means awesome demand for world-class engineering firms.

While the global growth story isn't new, the fact remains that the world is growing at a pace never seen before. It is believed that we are on pace to grow (globally) at 6% this year, with a world GDP at roughly $40 trillion, and back-logged demand for firms like

Jacobs Engineering

(JEC) - Get Jacobs Engineering Group Inc. (J) Report



(FLR) - Get Fluor Corporation Report

. As emerging markets emerge, they will continually need new roads, bridges, office buildings, airports and power infrastructure.

Jacobs and Fluor have been smack in the middle of the global growth picture for a couple of years now. Quarter after quarter, they prove that growth outside the U.S. is picking up the slack left behind by our sluggishness of late. With demand for their worldwide engineering and consulting businesses showing no sign of easing, I like these two for the next few months. But at 29 times 2008 earnings, they aren't cheap. However, take a read of the press releases from the recent earnings out of Fluor. You can hear their optimism for the future. To me, that means earnings growth. That anticipated growth in earnings helps me swallow the lofty P/Es.

TheStreet Recommends

And I have been recommending Jacobs for the better part of two years based on its being well known as the best run engineering firm in the global business.

Now I am on my way over to check out the soon-to-be-opened Boomtown Casino. I plan on kicking the tires a bit, get a feel for the newest offering by Pinnacle. I will report back my findings, along with my update on the joint venture between

Boyd Gaming

(BYD) - Get Boyd Gaming Corporation Report



(MGM) - Get MGM Resorts International Report

-- the Borgata's newest addition: The Water Club.

As always, trade with your head, not over it!

At time of publication, Bolling had no positions in stocks mentioned, although holdings can change at any time.

Eric Bolling is a host on the new Fox Business Network. Bolling was one of the developers and original panelists (nicknamed "The Admiral") on CNBC's "Fast Money."

Bolling is an active trader specializing in commodities, resource trades and ETFs.

Bolling is a member of several exchanges including The New York Mercantile Exchange (NMX), The Intercontinental Exchange (ICE) and The Commodity Exchange of New York.

After spending 5 years on the Board of Directors at the NYMEX, he became a strategic adviser to that Board of Directors where he assisted in bringing the company (NMX) public. He has been included in Trader Monthly Top 100 in 2005 and 2006. Bolling was the recipient of the Maybach Man of the Year Award in 2007 for his contribution of philanthropy and willingness to de-mystify investing to Main Street.

Bolling graduated from Rollins College in Winter Park, Florida and was awarded a fellowship to Duke University. Bolling was an accomplished baseball player. He was drafted by the Pittsburgh Pirates where he played before his career was cut short due to injuries. He honors his baseball past by sporting the NYMEX trader badge, R.B.I.