Value Microcaps Motherboard

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13:15 Engineering and Construction companies with exposure to stimulus plan are outpeforming the market - Friedman Billings

Friedman Billings says that on average, E&C cos with exposure to the American Recovery and Reinvestment Act are up 21.6% year to date vs the building amd construction ETF, which is down 2.4%, and the S&P 500, which is up 2.9%. This confirms firm's thesis that cos with exposure to the Stimulus Act will outperform the broader market averages as investors choose to invest side by side with the U.S. government. Firm says beneficiaries include: Highway/bridge engineering and construction firms: URS Corp. (URS), Granite Construction Incorporated (GVA), Sterling Construction Company (STRL), Aecom Technology Corporation (ACM); Water/marine contractors to benefit: Orion Marine Group(OMGI), Tetra Tech (TTEK); and Electric transmission/alternative energy: Quanta Services (PWR), MYR Group (MYRG), MasTec (MTZ).