This Stock Is the Surprising Winner of the Midterm Elections

Original post

Tuesday’s midterm elections failed to deliver the “Blue Wave” the media had hyped for months.

But it could revive balance between the Republicans and Democrats in Washington, D.C.

midterm elections
Two possible doors of bipartisan success have reopened today (Nov. 7). The first is marijuana reform, which will require a bipartisan approach in Congress and the removal of Attorney General Jeff Sessions.

The second could come sooner.

U.S. President Donald Trump has long advocated for infrastructure spending of $1 trillion to $1.5 trillion. It’s one of the few issues Democrats agree with him on, making it a potentially massive catalyst for the construction industry.

And it’s making one little-known stock a must-buy right now…

Infrastructure Stocks Are Primed for Huge Gains

Representative Steny Hoyer, a loyal lieutenant to Nancy Pelosi, told The New York Times today that infrastructure is a major priority for Democrats in the first few months back in control of the House.

That’s why shares of construction stocks are moving higher today. Shares of Caterpillar Inc. (NYSE: CAT) climbed 3% today in the wake of Democrats’ victory in the House of Representatives.

Democrats have already outlined a more liberal approach to funding $1 trillion in infrastructure spending, which Republicans would likely oppose. Hoyer said that House Democrats would rely on President Trump to bridge the gap and push through a platform.

In an odd echo of bipartisan spirit, Hoyer’s statements mirrored those of Vice President Mike Pence, who said before the election that infrastructure was a top priority for the Trump administration right after the new Congress is sworn in.

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Pence said that the bill would rebuild not just roads and bridges, but also “highways and byways, and ports and airports.”

As we’ve seen with Caterpillar, industrial stocks are already taking off on speculations about the future of U.S. infrastructure.

But how do you know which is the best infrastructure stock to buy right now?

I have you covered.

In the next 12 months alone, this surprising winner from the 2018 midterm elections could nearly double in price…

This Winner from the 2018 Midterm Elections Is a Must-Buy Stock

Tutor Perini Corp. (NYSE: TPC) is a construction powerhouse with $8 billion in backlog contracts waiting to be completed.

The firm currently has projects to expand Newark Liberty International Airport, build a light rail system in Minneapolis, and help with the high-speed rail system in California.

And it’s trading at a bargain price.

This stock opened on Wednesday morning with a price to tangible book value under 0.9.

That means you could liquidate the company, and it would be worth more than the market capitalization of the firm.

The company has a Pitroiski Score of 7, signally strong cash flow that will likely improve if and when the federal and state governments begin turning on the infrastructure taps.

The Tutor Perini Corp. stock price opened today at $18.36 per share.

However, analysts from DA Davidson forecast shares to rise to $29, an 88% gain from today’s share price.

That might be on the low side too.

Not only are we talking about a $1 trillion injection of cash into the construction market, but TPC has a perfect Money Morning Stock VQScore™ of 4. That puts it squarely in our “Buy Zone.”

Ignore the noise in Washington and make money from this top infrastructure stock.

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