U.S Steel to Rise Under Obama
Once President-elect Barack Obama officially starts his term he plans roll out one of the largest infrastructure plans. Obama estimates to create about 2.5 million jobs making it the largest plan since the 1950’s. The somewhere near $500 billion proposal will try to revive the economy by focusing on building and fixing roads and bridges, while also looking to facilitate the alternative energy movement.
While these movements will take some time to unravel, the stock market runs on perception and many companies are looking to benefit from the new plan. Resources have to come from somewhere.
Over the past 6 months or so, most steelmakers began to take a nose-dive south; however, it may really be time to think about getting back on this train.
Some stocks poised to head higher under this new plan include: AKS, X, NUE, and STLD. All stocks that have been recommended a time or two on this site.
Filed Under: Stock Recommendations
Tags: politics, steel, Stock Recommendations
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