Which Stocks To Own: Obama Infrastructure Push
President Obama will make a major speech to the country this evening at 7pm ET. He is expected to discuss a plan for job growth. It is likely to involve some sort of infrastructure rebuilding. If an infrastructure plan is unveiled, what are the stock play's investors will buy?
The markets are trading around the flat line, prior to this big speech. The SPDR S&P 500 ETF (NYSE:SPY) is trading at 120.64+0.35 (+0.29%). The markets are coming off a big upswing yesterday, after Germany past a constitutionality vote for the bailouts of Greece and other European nations.
Should hundreds of billions of Dollars be put into rebuilding the countries infrastructure, key stocks will be in play. Billions may flow to them and investors may see a short term pop soon. These stocks would likely be the best of breed. Stocks like Caterpillar Inc. (NYSE:CAT), Halliburton Company (NYSE:HAL), 3M Company (NYSE:MMM). Others may see some money flow as well.
Watch the Presidential speech tonight and keep a close eye on what the plans are for future money flow. While the government is cutting back, any word of money flow that was unexpected, could give specific stocks a jolt.