American Factory Boom Emerges

This is a news story, published by Investor's Business Daily, that relates primarily to Argan news.

Argan news

For more Argan news, you can click here:

more Argan news

unemployment news

For more unemployment news, you can click here:

more unemployment news

Investor's Business Daily news

For more news from Investor's Business Daily, you can click here:

more news from Investor's Business Daily

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like unemployment news, you might also like this article about

recent construction boom

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Construction spending news, construction boom news, unemployment news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

federal construction projects

Investor's Business Daily

•

Heavy engineering and construction stocks surge as U.S. factory boom emerges

Summary

Nutrition label

78% Informative

A factory boom is emerging after years of structural decline.

Efforts are underway to strengthen domestic manufacturing chains and modernize public infrastructure.

Together, these trends have fueled massive gains for heavy engineering and construction stocks.

Much of the ballyhooed infrastructure spending has not yet turned into construction awards or wins.

Contractors remain extremely bullish about data centers and power plants.

Hopes are high for factories and hospitals in the private sector, but not so much for shops and offices.

Infrastructure spending has been another major growth driver for Fluor , Quanta and other heavy construction stocks.

Morningstar analyst Krzysztof Smalec expects favorable infrastructure trends to continue.

Argan is the group's highflier, riding a 12-month gain of 277% . Argan touts expertise in constructing facilities for natural gas and renewable energy.

Earnings and sales growth is mostly solid across the construction stocks group.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech