Generally plowing into infrastructure related stocks doesn't appear to be a winning strategy in the short to medium term.llpresident wrote: ↑Aug 31st, 2017 1:30 amThinking Harvey trade. Is there a good ETF tracking US building material stocks? XLB and similar won't work because they are weighted mostly towards chemical manufacturing. I'm looking specifically for building materials that would be used in home construction. And not something like Home Depot because, while not a terrible pick, the big companies and insurers likely skip the middle man.
If you remember the fire in Fort Mcmurray everyone was crowning construction and engineering firms and it didn't really pan out. When Trump/Trudeau were pushing their national infrastructure initiatives, the stocks got a slight boost but fizzled out in a few months.
Just target solid companies with good growth prospects and a relatively clean balance sheet.