Ah, the mysterious U.S. economy. Is it heading for a soft landing, no landing, or a resounding splat? Your guess is as good as ours. But no matter the outcome, investors should feel confident that the construction sector will not just survive, but thrive.
“The massive spending on government programs will blunt the downturn compared with an average cycle,” says Graeme Forster, portfolio manager of the Orbis Global Equity Strategy. Some, though, might be worth considering despite big gains. Daniel Skubiz, a portfolio manager at Ziegler Capital Management, points to MYR Group , which sits in the sweet spot for the investments that the U.S. government, utilities, and companies are making—recession or not. The stock, up 47% year to date, has been no slouch, and shares trade at a premium multiple of 21 times forward earnings.
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