One of my new buys in the May issue of Blue Chip Growth, Fluor (FLR), is up strongly on very good earnings news, and much higher guidance. The company is one of the leading international engineering and construction firms.

For the first quarter, Fluor earned $138 million or $1.50 a share. That beat Wall Street's estimate by 23 cents a share. The company also announced a big increase in its guidance for this year. Earlier, Fluor expected 2008 earnings-per-share between $5.10 and $5.50. Now the company sees earnings coming in between $6.25 and $6.55 a share. That's an impressive vote of confidence. Fluor also announced that its stock would split 2-for-1 on June 16.