Infrastructure Stocks On The Move Today
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/511033864/Posted on Tuesday, January 13th, 2009 | In Stocks to Watch
Tuesday January 13, 2009
Navivest
The infrastructure related stocks that we recommended on the Navivest blog yesterday and today, are on the move to the upside today.
With the new administration coming in next Tuesday the 20th, we are looking for an Obama bounce, as he plans to spend billions to boost the economy and create over 4 million jobs by spending on the nation’s infrastructure.
As such, we have been recommending stocks that we feel will benefit from that spending. This week, we recommend traders take long positions in Chicago Bridge and Iron (CBI) $12.38 +$0.20 (1.64%). Caterpillar (CAT) $41.24 +$0.05 (0.22%), Fluor (FLR) $46.52 +$1.40 (3.10%) and Jacobs Engineering (JEC) $487.27 +$2.06 (4.46%).
We did recommend taking early profits, as these are short-term plays, however, even though Fluor and Jacobs Engineering are up over 3%, continue to hold.
Tags: Infrastructure Stocks Chicago Bridge and Iron Caterpillar Jacobs Engineering Fluor
Last 5 posts by Daniel Shepard
- Trade Recommendation For 10/15/09 - October 14th, 2009
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 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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