Investors may overlook EPS due to its lack of correlation with share price changes. Management might prioritize revenue growth over EPS growth. Despite sell-offs, sustainable growth data could signal a worthy opportunity.
Perfect time for investors to accumulate MasTec holdings as future outlook suggests high growth, but should also consider financial health. A good time to potentially invest.
$MasTec (MTZ.US)$: If the $1 trillion infrastructure bill passes, it would include a tremendous amount of money for physical infrastructure that will need to be built by contractors. MasTec builds all kinds of infrastructure, but it's a big contractor in transmission to get renewable energy from the power plant to the grid and other markets that should benefit. Here are a few of the highlighted areas: $65 billion investment in the electric grid. $55 billion for water infrastructure upgrades. $50 billion to make the water system more resilient. $39 billion to modernize public transit. $65 billion for broadband infrastructure. $S&P 500 Index (.SPX.US)$$Dow Jones Industrial Average (.DJI.US)$$Nasdaq Composite Index (.IXIC.US)$
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In reaction to earnings/guidance:
• $RPM International (RPM.US)$ +1.3%, $Southside Bancshares (SBSI.US)$ +1%, $Vodafone (VOD.US)$ +0.7%
Other news:
• $SIGA Technologies (SIGA.US)$ +27.6% (World Health Organization decided that the global monkeypox outbreak represents a public health emergency of international concern)
• $Infrastructure & Energy Alternatives (IEA.US)$ +24.5% (MasTec (MTZ) will acquire outstanding shares of IEA in a...
$65 billion investment in the electric grid.
$55 billion for water infrastructure upgrades.
$50 billion to make the water system more resilient.
$39 billion to modernize public transit.
$65 billion for broadband infrastructure.
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