At least according to this article.
Still unanswered is how fast the stimulus program can be put in place and how much of it will be devoted to construction, JP Morgan analysts wrote in an investor note. That means the impact on companies such as construction firms, heavy machinery makers and building suppliers may not be as immediate as many investors expect.
I have to agree that the money won't be there right away but you have to admit that billions in state spending is going to funnel into these stocks. I mean the states have to get someone to build these roads and Fluor will get quite a few new projects. The analyst picks the aggregate makers as the first movers in getting the Obama money.
JP Morgan estimated the companies that will be most directly affected are construction aggregate and cement makers such as Vulcan Materials Co. and Cemex. A stimulus could also speed up a recovery for construction firms to the early part of 2010.
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