The rally in infrastructure stocks has stalled (VMC, MLM, GVA, X)

pulse

April 12, 2017 6:01 PM

The rally in infrastructure stocks has stalled. US Steel, MLM, VMC, GVA.

One of the hallmarks of President Donald Trumps campaign was rebuilding Americas crumbling infrastructure. So much so that Trump promised

When Trump won the election, infrastructure stocks soared, with the S&P 500 Materials sector gaining nearly 13% before topping out at the beginning of March.

Standout infrastructure stocks like Martin Marietta Materials and Vulcan Materials popped almost 18% in the days following the election, and US Steel saw its share price double by February.

However, the rally did not last long. All of these stock have given up a portion of their post-election gains. If you missed the initial rally and bought any of these stocks after November 23, in anticipation of President Donald Trump's, "yuge" infrastructure plan, you have lost money.

US steel has been particularly volatile with massive initial gains, yet the stock has gone down 23% since its February 21 high of $41.57. On Wednesday, US Steel is down more than 8% to $31.85 amid investor concerns that Trump's infrastructure spending could be put on the back-burner until healthcare is solved.

Click here for a real-time Martin Marietta Materials chart.

Click here for a real-time Vulcan Materials chart.

Click here for a real-time US steel chart.

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