The Best Stocks for the Rest of Trump’s Term: MasTec (MTZ)
Although it’s usually a Democrat priority, President Donald Trump has made it clear that he’s ready, willing and able to spend big on restoring the nation’s infrastructure.
All told, the president wants to spend $200 billion on the country’s roads, bridges, utilities, and more.
That bodes well for the construction industry, but not necessarily all the players in the construction business. Most of the outfits that are capable of building a fine new home lack the equipment, scale or experience to lay miles and miles of new roads, or to construct a bridge.
MasTec, Inc. (NYSE:MTZ) — a nearly $4 billion infrastructure construction firm headquartered in Florida — is one of the few contractors with a track record of doing government-scale work.