Jim Cramer is Bearish on These 5 Stocks

4. Fluor Corp (NYSE:FLR)

Number of Hedge Fund Investors: 31

Engineering and construction company Fluor Corp (NYSE:FLR) is one of the companies Jim Cramer is recommending investors to stay away from. Answering a question about Fluor Corp (NYSE:FLR) in a program last month, Cramer said Fluor Corp (NYSE:FLR) has “missed the quarter more times than, I think, they have made the quarter.” Cramer said even though he likes the infrastructure theme he’d still recommend staying away from the stock.

As of the end of the third quarter of 2023, 31 out of the 910 hedge funds tracked by Insider Monkey had stakes in Fluor Corp (NYSE:FLR). The biggest stakeholder of Fluor Corp (NYSE:FLR) during this period was Israel Englander’s Millennium Management which owns a $123 million stake in Fluor Corp (NYSE:FLR).