On Sunday, April 28, we noted:
With elections nearing, one of the hot topics will be infrastructure. That’s especially true after the bridge collapse in Baltimore. should we hear more about it heading into the elections, you may want to consider infrastructure stocks like Martin Marietta (SYM: MLM), Vulcan Materials (SYM: VMC), Caterpillar (SYM: CAT), and ETFs such as the iShares U.S. Infrastructure ETF (SYM: IFRA).”
Since they opened for trading again on April 29, most are doing well so far.
Company: Vulcan Materials (SYM: VMC) Look at Vulcan Materials (SYM: VMC), for example. Since April 29, it ran from a low of about $259.84 to a recent high of $273.18. From here, we’d like to see it retest $275 near term. Helping, earnings were solid. Its first quarter EPS of 80 cents beat by three cents. And while its revenue of $1.55 billion was down 6.1% year over year, it did beat by $40 million. |
Sponsored
Has Jeff Bezos Found the Next Nvidia?
If you’ve sat back and watched companies like Nvidia and AMD soar over 2,000% over the past several years…
And turn $5,000 into $105,000
And wondered what was next…
You need to listen very closely…
It has nothing to do with A.I. ChaptGPT software out there…
Instead, it’s a technology that’s going to prove to be far more disruptive…
Click Here for Full Details.
Companies: Caterpillar (SYM: CAT), Martin Marietta (SYM: MLM) Caterpillar (SYM: CAT) slipped since we mentioned in on April 28. However, it’s technically oversold, and could soon refill its bearish gap around $360 near term. Martin Marietta (SYM: MLM) also slipped. Now consolidating at around $591, we’d like to see it break higher and test $620. |
Sponsored
Bitcoin: $250,000!?
100,000 people became millionaires during Bitcoin’s last bull market.
If you missed out…
You have a second chance.
2024 is set to be Bitcoin’s biggest year ever.
That’s according to legendary crypto millionaire James Altucher…
The man who first called Bitcoin back in 2013 when it was trading for just $100 per coin.
That year, an unusual pattern sent Bitcoin up 8,361%.
It’s predicted every millionaire-making breakout ever since.
It’s possible we could see Bitcoin soar to $150,000 … even $250,000 or higher.
But if you want your chance at the biggest gains…
Bitcoin is probably the last investment you should make.
To see what the smart money is buying instead, click here.
ETF: iShares U.S. Infrastructure ETF (SYM: IFRA) As for the IFRA ETF, it ran from $42.70 to $42.88 so far for a whopping gain of 18 cents. But give this one time, too. With the elections nearing, and billions needed to repair infrastructure, we’d like to see the ETF closer to $50 a share. |