An article on Investor’s Business Daily reports that the surprise election of Donald Trump has had a positive effect on certain sectors of the stock market, including the energy, health care, financial services, and infrastructure industries.
Trump’s campaign promise to spend more on the country’s crumbling infrastructure highlights the reason that domestic infrastructure stocks are on the rise.
“The big winners appear likely to be domestic infrastructure names like Quant Services (PWR) and Williams Cos. (WMB),” said James Abate, chief investment officer of Centre Asset Management, and manager of its $141.4 million Select Equity (DHAMX), “In a nutshell, we can expect a spike in infrastructure spending”.
The article continues to say that natural gas pipelines, and storage and processing facilities might also see a boost from increased infrastructure investments. To read the entire article, click here to visit the Investor’s Business Daily website.