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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Obama's to-do list: Bridges and roads]]></title><link>http://www.bloggingstocks.com/2008/12/20/obamas-to-do-list-bridges-and-roads/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/12/20/obamas-to-do-list-bridges-and-roads/</guid><comments>http://www.bloggingstocks.com/2008/12/20/obamas-to-do-list-bridges-and-roads/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/newsletters/" rel="tag">Newsletters</a>, <a href="http://www.bloggingstocks.com/category/commodities/" rel="tag">Commodities</a>, <a href="http://www.bloggingstocks.com/category/stocks-to-buy/" rel="tag">Stocks to Buy</a>, <a href="http://www.bloggingstocks.com/category/obama-picks/" rel="tag">Obama Picks</a></p><p><em>This post is part of a special report, </em><a href="http://www.bloggingstocks.com/2008/12/17/a-dozen-ways-to-play-an-obama-building-boom/"><em>A Dozen Ways to Play an Obama Building Boom</em></a><em>.</em></p>
<p>"President-elect Obama recently announced that he is working on a stimulus package that could be as large as $1 trillion," notes BizRadio host <a href="http://www.thestockadvisors.com/ccount/click.php?id=2650 ">Daniel Frishberg</a> in <a href="http://www.thestockadvisors.com/ccount/click.php?id=2650 ">The MoneyMan Report</a>.</p>
<p>"This money would be used on infrastructure. Items such as new roads, bridges, etc. would be on the 'to do list.'</p>
<p>"The theory is that this would bring jobs and thus help stimulate the economy. On this news, many of the infrastructure companies rallied. These are the same companies that have been severely beaten up due to global growth slowing.</p>
<p>"Thus, with a new stimulus package focused on infrastructure spending imminent, not only in the U.S. but some emerging countries, we are using some of our cash to invest in various infrastructure companies.</p>
<p>"We are purchasing <a href="http://finance.aol.com/quotes/fluor-corporation/flr/nys">Fluor Corp.</a> (NYSE: <a href="http://finance.aol.com/quotes/fluor-corporation/flr/nys">FLR</a>). This is a global engineering firm that will be a huge beneficiary from all the infrastructure spending.</p>
<p>"Even though the stock has recovered the last few weeks, it is still down over 50% from its high. Given their prospects and valuation, we believe this is a great company to invest in at present levels.</p>
<p>"We are also purchasing <a href="http://finance.aol.com/quotes/kbr-inc/kbr/nys">KBR, Inc.</a> (NYSE: <a href="http://finance.aol.com/quotes/kbr-inc/kbr/nys">KBR</a>). The company was spun off from Halliburton and they focus on engineering &amp; construction. KBR gets a lot of their sales from contracts in Iraq and other countries.</p>
<p>"The stock fell 75% before recovering somewhat. However, the stock is still down 63% in the last 12 months and we believe the prospects for their business are excellent."</p>
<p><em>Steven Halpern's </em><a href="http://www.thestockadvisors.com/"><em>TheStockAdvisors.com</em></a><em> offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.</em></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/12/20/obamas-to-do-list-bridges-and-roads/">Obama's to-do list: Bridges and roads</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Sat, 20 Dec 2008 10:00:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/12/20/obamas-to-do-list-bridges-and-roads/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1402256/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/12/20/obamas-to-do-list-bridges-and-roads/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>bizradio</category><category>construction stocks</category><category>daniel frishberg</category><category>DanielFrishberg</category><category>flr</category><category>fluor</category><category>infrastructure stocks</category><category>InfrastructureStocks</category><category>kbr</category><category>moneyman report</category><category>MoneymanReport</category><category>obama stocks</category><category>ObamaStocks</category><category>steven halpern</category><category>stimulus stocks</category><category>StimulusStocks</category><category>thestockadvisors.com</category><dc:creator><![CDATA[Steven Halpern]]></dc:creator><pubDate>Sat, 20 Dec 2008 10:00:00 EST</pubDate></item></channel></rss>
