The industrial sector has been stuck in a well-defined consolidation since May, says Dan Russo of Potomac. Much of the weakness has been isolated to the transportation portion of the sector, he adds. CFRA expects the federal infrastructure spending to be a strong growth catalyst, says Elizabeth Vermillion of CFRA Research. She likes Quanta Services (PWR) with a strong buy and a price target of $142 from CFRA. She gives two more of their picks, tune in for the full discussion.
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