|Day Low/High||24.24 / 25.64|
|52 Wk Low/High||8.90 / 28.71|
Hurricane Florence has been upgraded to Category 4 and is expected to make landfall in the U.S. sometime later this week.
The stocks are trading as if the money will start flowing by the close of business today.
As we all know, the stock market and the economy abhor uncertainty.
That winter has done a number on our roads. This is good news for several construction names.
But don't start taking positions in these stocks just yet.
Surveying Obama's speech, we see affected sectors could include construction, cyber security and retail.
Amid the endless market gyrations, focus on buying stocks when they are super cheap and entirely unloved.
This is not a hurricane play; it's a long-term infrastructure theme that can't be ignored any longer.
As the infrastructure decays, these construction and utility companies are in a position to profit.
Mike McNally, CEO of Skanska USA, says the construction firm is seeing a surge in so-called 'shovel-ready' government projects and is hiring to meet the demand.
The same factors that determine the company's viability will determine a stock's value.
Let's look at a few more stocks and sectors that could have a positive effect on our portfolios.
This stock is cheap and the company is cash rich and highly profitable.
Hurricane Irene shed new light on a glaring problem: Our infrastructure needs an upgrade -- now.
If you didn't take advantage of the past two weeks' volatility, don't jump in now.