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Options Investing With Obama's Stimulus Package | PowerOptions Web Log
The Congressional wrangling is over, the final House of Representatives and Senate votes tallied, the President’s signature affixed: $789 The American Recovery and Reinvestment Act of 2009 is now law. Among the major earmarks this broad economic stimulus package designed to revitalize flagging industries, the so-called “shovel ready” ones are well represented. $27 billion has been set-aside for highway construction alone, no doubt to the relief of Caterpillar (CAT) the financially struggling manufacturer of earthmoving, construction and material-handling machinery. See what the stock option experts are doing Sign up now for PowerOptionsApplied 30-day risk free trial Road-building equipment-maker Terex’s (TEX) should also benefit, as will Vulcan Materials (VMC), a major supplier of crushed stone, sand and gravel, steel manufacturers Nucor (NUE) and U.S. Steel (X) and the public-works construction-contractor Granite Construction Inc. (GVA). Three general construction firms – Flour (FLR) Perini (PCR) and Jacobs Engineering (JEC) – will find new...