(U.S. Concrete) Power Lunch hosts Melissa Lee and Brian Sullivan look at 5 stocks with analyst recommendations, including U.S. Concrete's stock, NASDAQ:USCR. On the news of SunTrust Bank's analyst covering USCR, CNBC's Power Lunch crew called USCR an "under the radar stock." Citing analysts comments that USCR is "rock solid", the Power Lunch team confirms the quality of the stock.
Indeed, the U.S. Concrete stock has been on an upward trend for some time now and was one of the strongest local stocks for the Dallas-Fort Worth metropolitan area following the downturn of the energy industry. U.S. Concrete is situated in three booming metropolitan areas — Dallas, New York City, San Francisco — with a strong projection for infrastructure growth. All three areas have a significant barrier of entry, giving the foothold in these areas even more value.
Considering that the demand for infrastructure spending won't be declining any time soon, U.S. Concrete should stay a strong buy for the years to come barring a sudden shift in the marketplace. The Dallas area, where U.S. Concrete sees the majority of its business, is the second-fastest growing metropolitan area following Houston. In this case, growth is reflected by the increase in the population, which is generally a sign of a booming local economy.
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