A First Peek Into 2009's Market

I like the stimulus trade a lot as well. The new administration is planning to spend money to create jobs by rebuilding the nation's infrastructure. It is said to be the largest undertaking since the interstate highway system project in the 1950s. Rebuilding the nation's electric grid, water treatment plants and delivery systems, as well as our highways and bridges, is something that needs to be done anyway, and the government spending just makes the space more attractive.

I like LB Foster(FSTR) in this area, particularly if it pulls back a little, as well as Mueller Water(MWA). Industry leaders such as Foster Wheeler(FWLT) and Fluor(FLR) are also a possibility, but I would like to see them pull back toward the lows before I get too excited about them.

That's the first part of what I see and like for 2009. I will have more thoughts and ideas on this next week. I hope everyone is having a great holiday season, and I would like to thank everyone for taking the time to read RealMoney. Keep the comments coming, especially if you disagree with me. I like hearing from you all.

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Please note that due to factors including low market capitalization and/or insufficient public float, we consider DAR and FSTR to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.

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