Anxious Equipment Makers Await Trump Spending Plan
Optimism is giving way to impatience among makers of excavators and heavy machinery that hope their businesses will benefit from President Donald Trump’s pledge to pump $1 trillion into infrastructure.
Some machinery makers are concerned over whether Mr. Trump will invest the time needed to win congressional backing for large road, bridge and rail projects. The president’s budget, released Thursday, contained scant details of how such a plan might unfold.
“There’s frustration that the infrastructure priority seems to be sliding,” said Glen Calder, co-owner of Calder Brothers Corp. a Taylors, S.C.-based maker of road pavers and graders. “It’s one of the campaign staples on both sides, and therefore you would expect that there’s a fair amount of agreement on what should and could and needs to be done.”
More public works projects could lift sales for equipment makers that have battled sluggish activity from construction, farming and mining clients in recent years. Stocks of companies that could benefit from a construction push rose sharply following Mr. Trump’s election: Machinery giant Deere & Co.’s stock is up 24%, crane and aerial work platform-maker Terex Corp. 32% and construction management firm AECOM 30%. Though those stocks are still up sharply from the fall, some have underperformed the broader S&P 500 this year as investors weighed the timing of more infrastructure spending.
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https://www.wsj.com/articles/anxious-equipment-makers-await-trump-spending-plan-1489656603
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Twitting about infrastructure will not get much cover as the results of his wet dreams
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Oh SURE he will! 