Build it Out

U.S. Concrete, Inc., a firm which provides ready-mixed concrete as well as crushed stone, sand, and gravel, looks to be in prime position to benefit from any further growth in both public and private major construction projects--Be it "The Wall" or various other projects reflecting confidence in the economy and to take risk on breaking new ground. 

On the USCR daily chart, zoomed-out and updated below, we can see the potential to disrupt many bearish macro theses out there right now regarding the economy slowing down considerably. 

In fact, after a putrid performance in 2018 the stock has bounced back impressively this year. And as long as the broad market does not deteriorate considerably in the coming weeks and months it is likely correct to ignore macro noise regarding the economy. 

What I am getting at is that infrastructure stocks are notorious for being uniquely poor performers during times of market distress due to how capital intensive these businesses are, with many running up high debt levels to boot.

But during bull markets they can thrive. 

And before this one is all said and done it sure looks like the USCR chart has turned the corner and is poised for a run back into the $60s over the coming months.