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Infrastructure Plan Stocks$115.66
1.91%4:00PM 11/23/2020
As a presidential candidate in 2016, Donald Trump promised a $1 trillion infrastructure plan that would use tax incentives to spur private investment in public works projects.
Latest intraday update before market close @ 19:45:00 PM 11/23/2020
Summary :
Average return is up 1.7%
Median return is up 1.3%
22 out of 28 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information

Summary:

  • Infrastructure Plan stocks up 1.9% on average while median return up 1.4% in a day
  • Infrastructure Plan stocks up 1.4% on average while median return up 0.6% in a week
  • Infrastructure Plan stocks up 10.7% on average while median return up 7.7% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies
  • 1M winners are : Winners for past month are $ATI 52.0%, $AA 45.0%, $FLR 38.5%, $MTW 30.9%, $GVA 26.5%
  • 1M losers are : Losers for past month are $DUK -0.6%, $STRL -2.4%, $SUM -2.5%, $VMC -4.1%, $AGEN -12.3%
  • 1W winners are : Winners for past week are $FLR 16.8%, $AA 12.2%, $CLF 10.3%, $GVA 8.7%, $ATI 8.0%
  • 1W losers are : Losers for past week are $POR -3.3%, $SJW -4.0%, $CWT -5.6%, $AWK -6.2%, $AGEN -7.7%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 55.2%, for the past 3 months is 48.2%

In the past month for a 5 days rolling window, the highest corrrelation is 71.9%, the lowest correlation is 18.1%, the latest correlation is 41.8%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 99.3% between GII and IGF

The lowest correlation is -8.7% between GVA and IDE

Stock news

    11/23/2020YORW
    The York Water Company Declares 600th Dividend – Rings Nasdaq Closing Bell

    YORK, Pa., Nov. 23, 2020 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President and CEO, JT Hand, announced today that the Board of Directors declared a quarterly dividend of $0.1874 per share, a 4% increase, at their November meeting held earlier today. The dividend is payable January 15, 2021 to shareholders as of record date December 31, 2020. This is the 600th consecutive dividend to be paid by The York Water Company and is the twenty-fourth consecutive year that the Company h...

    11/23/2020ACM
    AECOM awarded design contract to modernize U.S. Air Force Academy’s historic Sijan Hall

    AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, today announced that the U.S. Army Corps of Engineers (USACE), Omaha District selected the firm to design the renovation of the U.S. Air Force Academy’s 700,000-square-foot Sijan Hall, which is located just north of Colorado Springs, CO. The dormitory is situated in the campus’s Cadet Area, which is a National Historic Landmark District. This will be the first modernization project at Sijan Hall since it was built in 1968, wit...

    11/20/2020URI
    3 Infrastructure Stocks Building to the Upside

    Prior to the U.S. presidential election, both presidential candidates debated their differences as well as potential approaches to fiscal and health measures. However, one common point stood out in their policy views: President Donald Trump and now President-elect Joe Biden both said they would spend on infrastructure projects across the country. Therefore, today, we will discuss three infrastructure stocks building to the upside. Recent research published by the Levy Economics Institute of Bard...

    11/20/2020AWK
    7 Infrastructure Stocks to Buy for Coast-to-Coast Improvements

    Eventually, once Donald Trump finally concedes he lost the election, Joe Biden and his transition team can get to work implementing an infrastructure plan that would see the federal government invest $1.3 trillion over the next decade. It’s a plan that will help infrastructure stocks across this country.  Now before you get all excited that the country’s crumbling infrastructure is going to get a facelift, Donald Trump supposedly had a plan. He wanted to spend $1 trillion on infrastructure durin...

    11/20/2020URI
    BofA Upgrades United Rentals, Says COVID Vaccine A Potential 'Cure' For Industry

    A potential vaccine against COVID-19 is a potential "cure" for non-residential equipment rental companies like United Rentals, Inc. (NYSE: URI), according to BofA Securities.The United Rentals Analyst: Ross Gilardi upgraded United Rentals' stock from Neutral to Buy with a price target lifted from $209 to $275.The United Rentals Thesis: Gilardi said United Rentals' direct exposure to construction and industrial customers, utilities and municipalities bode well ahead of a potential COVID-19 vaccin...

    11/20/2020POR
    4 Reasons to Add Otter Tail (OTTR) to Your Portfolio Now

    Otter Tail (OTTR) makes a strong case for investment, given its two-platform business model and regular investments to strengthen infrastructure.

    11/20/2020AWK
    American Water's Unit to Invest $0.7M to Replace Water Mains

    American Water Works' (AWK) arm New Jersey American Water continues infrastructure upgrade work with an objective of providing efficient services to customers.

    11/16/2020ACM
    Recap: AECOM Q4 Earnings

    Shares of AECOM (NYSE:ACM) fell 0.5% in pre-market trading after the company reported Q4 results.Quarterly Results Earnings per share decreased 24.05% over the past year to $0.60, which beat the estimate of $0.57.Revenue of $3,569,000,000 decreased by 30.24% year over year, which beat the estimate of $3,360,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.AECOM hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Nov 16...

    11/16/2020ACM
    AECOM launches its Think and Act Globally strategy and increases Board repurchase authorization to $1 billion

    AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, today announced Think and Act Globally, a comprehensive strategy to set the new standard of excellence in the Professional Services industry. This strategy is focused on extending the Company’s industry-leading, global expertise to each of its projects around the world, transforming the way it delivers work through technology and digital platforms, and enhancing its position as a leading Environment, Social & Governance (ESG) ...