(U.S. Concrete) Craig Hodges, Hodges Capital Management, shared U.S. Concrete and JC Penny as two small cap stocks that are worth the investment. U.S. Concrete's stock, Hodges insinuates, is potentially undervalued given the industry and the current state of the market. U.S. Concrete's stock, meanwhile, has been on an uptick since the election of Donald Trump, increasing the chances for widespread government spending on domestic infrastructure projects.
Even through some of the poltical tumult of Trump's first 100 days in office, U.S. Concrete has been labeled as a strong buy by Zacks Investment Research. Much of this has little to do with what has happened in Washington D.C. and much more to do with what areas of the country in which U.S. Concrete has a foothold. One of these areas is the Dallas-Fort Worth metropolitan area, which has deemed the second-fastest growing metropolitan area in the country.
Combined with future move of the Toyota headquarters to Dallas, the construction of a Facebook data center and the booming telecommunications industry presence in the area, it's no surprise that the influx of business is immediately helping U.S. Concrete's business prospects.
According to American Banking News, Zacks Investment Research upgraded U.S. Concrete from "hold" after a strong first quarter performance.
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