In the latest market close, Emcor Group (EME) reached $371.26, with a +1.97% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.45%. Elsewhere, the Dow saw a downswing of 0.23%, while the tech-heavy Nasdaq appreciated by 0.84%. Prior to today's trading, shares of the construction and maintenance company had gained 2.33% over the past month. This has outpaced the Construction sector's gain of 1.61% and lagged the S&P 500's gain of 2.54% in that time. Market participants w ...

The U.S. economy added 142,000 jobs in August 2024, more than a downwardly revised 89,000 in July but below forecasts of 160,000. Job gains occurred in construction, health care, government and social assistance. In contrast, employment declined in manufacturing (-24,000), reflecting a drop of 25,000 in the durable goods industries. Employment growth in August was in line with the average job growth in recent months but below the average monthly gain of 202,000 over the 12 prior months. Meanwhile, the figur ...

Emcor Group (EME) closed the latest trading day at $356.46, indicating a -0.61% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.16%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.3%. The construction and maintenance company's shares have seen an increase of 2.34% over the last month, surpassing the Construction sector's gain of 1.53% and falling behind the S&P 500's gain of 3.64%. The investment ...

EMCOR Group, Inc. (EME) has seen its shares rise steadily, rallying 76.8% year to date (YTD), outperforming the Zacks Building Products - Heavy Construction industry's 59.4% growth. The broader Construction sector rose 18.5% and the S&P 500 grew 17.8% in the same time frame. This Norwalk, CT-based electrical and mechanical construction and facilities services provider has been showing strengths across its business, given solid demand in key market sectors such as high-tech manufacturing, network and communi ...

For Immediate Release Chicago, IL – August 27, 2024 – Today, Zacks Equity Research discusses, EMCOR Group Inc. (EME) , MasTec, Inc. (MTZ) , Granite Construction Inc. (GVA) , Primoris Services Corp. (PRIM) and Great Lakes Dredge & Dock Corp. (GLDD) . Industry: Heavy Construction Link: https://www.zacks.com/commentary/2327084/capitalizing-on-heavy-construction-industry-boom-5- stocks-to-buy The Zacks Building Products - Heavy Construction industry is set to maintain its momentum, fueled by a significant infra ...

The Zacks Building Products - Heavy Construction industry is set to maintain its momentum, fueled by a significant infrastructure push spearheaded by the U.S. government. This initiative focuses on enhancing the nation's roads, bridges, and broadband connectivity. Industry players are benefiting from increased demand across various sectors, including communications, power transmission, and other infrastructure projects. Although the industry faces challenges such as project delays, a competitive labor marke ...

In the present edgy economic backdrop, it's important for investors to assess evolving market conditions and adopt a robust investment approach accordingly. While a stock's sales and earnings figures can influence investment decisions, this approach doesn't consistently deliver optimal returns amid complex market challenges like what we are witnessing currently. As a result, it is intriguing to pick quality stocks at the current level. Upbeat return on equity (ROE) can serve as one such quality measure. Let ...

Infrastructure stocks present a unique opportunity for investors to capitalize on the growth of the U.S. economy. With governments and the private sector investing billions in modern infrastructure expansion, there are a number of companies set to be the major beneficiaries. The largest tailwind going into the end of the decade is the Biden administration's recent bi-partisan infrastructure bill. This groundbreaking deal will rebuild and modernize America's roads, bridges, railways, networks and energy infr ...

Investing in growth stocks when the market is falling can be scary at times. Sometimes you can buy the dip, and the dip keeps dipping. This remains one of the most sound ways for investors to snap up shares at cheaper prices. Cheap can all be relative depending on the financial metrics you're evaluating. Therefore, selecting the right companies with strong business models, cash flows, and significant short and long-term growth prospects is important. The intelligent investor understands that evaluating trad ...

The US economy added 114,000 jobs in July 2024, well below a downwardly revised 179,000 in June and forecasts of 175,000. It is also the lowest level in three months, below the average monthly gain of 215,000 over the prior 12 months, indicating a cooling off in the labor market. The unemployment rate in the United States rose to 4.3% in July of 2024 from 4.1% in the previous month, the highest since October of 2021, and above market expectations that it would remain at 4.1%. In the meantime, the labor forc ...