Displaying items by tag: HRI
It is not even close to approved yet, but the Biden infrastructure deal has been making serious waves. The implications of the deal are large and would send trillions of government dollars flowing into the private sector. With that in mind, here are four stocks that look like big winners from the package: Eaton Corporation (ETN), Jacobs Engineering Group (J), Herc Holdings (HRI), Mastec (MTZ). Three of these companies (other than HRI) are engineering/construction oriented, which makes sense. Herc Holdings is a rental company that leases vehicles (yes, the Hertz that went bankrupt last year).
FINSUM: Herc is interesting to us because they rent construction and earth-moving equipment. This injection of government dollars would flow through to them and provide a nice hedge against the headwind of the pandemic, which has slowed down retail car rental.