In the days leading up to last year's Presidential election there were many predictions on what stocks would benefit from either candidate.
In the case of a Donald Trump victory, it was thought that construction and cement companies would benefit from plans for increased infrastructure spending and building a wall along the Mexican border. Here are the European "Trump Trade" stocks that fared the best:
Ashtead Group plc
Construction equipment rental business Ashtead (ASHTY) , which makes over 80% of its revenues stateside, saw it biggest gain of the year on Nov. 9, 2016, gaining more that 11%. Shares in the company are up 57% since Trump was elected, against a 9.7% advance for the FTSE 100. The U.K.-based company is also benefiting from the weaker pound.
CRH Group plc
Construction firm CRH (CRH) was also seen as a likely beneficiary of Trump's infrastructure spending as the British company derives most of its revenues from the U.S. The company saw its biggest one day rise on Nov. 9 of last year, gaining 6%. CRH further expanded into the U.S. buying Ash Grove Cement for $3.5 billion, making it one of the top three cement producers in North America and reducing its group's dependence on third-party suppliers. Shares however have only gained 3.25% over the year.
LafargeHolcim (LFRGY) , the U.S.'s largest cement supplier, just after the election promised that it would see significant opportunities from a Trump presidency. CEO at the time Eric Olsen at the time told investors that Trump's infrastructure investment would be a "significant positive" for the company.
"It is clear that years of under-investment in infrastructure (in the U.S.) needs to be addressed. It is also clear that an ambitious plan is now on the table," said the CEO. "We are ideally placed to benefit." However, since then the company has lowered full-year profit forecasts and announced a strategy reboot.
Lafargeholcim share have gained just 3.97% over the past year against a 19% rise for the benchmark SMI index in Zurich.