Construction Stocks on the Rise: Caterpillar Leads the Way
MarketBeat's stock screener tool has identified seven construction stocks to watch today. These companies have seen high trading volumes in recent days and their performance is often influenced by housing demand, government infrastructure spending, interest rates, and broader economic conditions.
Caterpillar (CAT) reported a blowout quarter, which may indicate more industrial winners. The company manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers a range of products, including asphalt pavers, compactors, road reclaimers, and excavators.
Other construction stocks to watch include MasTec (MTZ), Lowe's Companies (LOW), Quanta Services (PWR), Comfort Systems USA (FIX), CRH (CRH), and Sunbelt Rentals Holdings, Inc. Common Stock (SUNB). These companies provide infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries.