Here's One Company That Hopes Trump Succeeds

Throughout the campaign and during his speech to Congress last week, President Donald Trump promised $1 trillion for road, bridge, tunnel and airport repairs as well as new construction that could employ millions of Americans. There is no pending legislation for such an initiative and it may be years before any of his proposed big digs begin. But infrastructure already is the stock market’s favorite holding since Trump won the White House.

Shares of Los Angeles-based AECOM, an engineering giant with the ambition to become the largest infrastructure company, gained 44 percent in the month after Trump was elected on Nov. 8 and retained most of its record advance in 2017. That’s more than double the 11 percent for the Russell 1000 Index the past four months and substantially better than the 23 percent for Russell 1000 Engineering & Contracting Services Index. The Dow Jones Industrial Average and S&P 500 have returned 15 percent and 11 percent, respectively, since the election.