SNC is not retail dependent. Drop in energy and commodity prices will help SNC lower its cost to complete the LSTK, regardless of price adjustment clauses of contracts.
A recession also helps as it triggers public works spending to compensate.
A buyer will step in at some point. Should this one drop further I will unwind my large AT&T position. T is up 14% this year, the second best performer of the S&P 500 largest US companies.
The next high flyer is SNC. it will turn because there are way still too many sell signals on vulnerable tech stocks to short with no solid assets whatsoever.