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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
BIS concludes CBDC pilot, says elements of DeFi could form 'new generation' of market infrastructureThe BIS has concluded its pilot of multiple hypothetical central bank digital currencies and found DeFI exchanges useful.
Source: TheBlock__ - 🏆 464. / 53 Read more »