Stocks were looking for a rebound this morning after yesterday’s plunge as investors buy the dip on big tech. The dow suffered its worst losses since January in yesterday’s session, dropping 681 points, nearly 2%. The S&P lost 2% and the tech-heavy Nasdaq sank 2.6%. Only time will tell where today’s session will lead.
Yesterday’s losses may have been discouraging to some, but it’s also created buying opportunities in some attractive stocks, like the one we are featuring in today’s trade alert. Continue reading to find out which ticker we are eyeing for it’s long term winning potential.
Teeka: “Buy this ticker ASAP!”
Experts projecting gains as high as 1,530% by the end of 2021! [Get the name and ticker symbol here.]
Martin Marietta Materials (MLM) is engaged principally in the building materials business, including aggregates, cement, ready mixed concrete and asphalt and paving product lines. The aggregates product line is sold and shipped from a network of more than 270 quarries and distribution facilities in 26 states, Canada, the Bahamas and the Caribbean Islands. The cement, ready mixed concrete and asphalt and paving product lines are located in strategic, vertically integrated markets, predominantly Texas and Colorado.
Building materials are used for construction of highways and other infrastructure projects, and in the non-residential and residential construction industries. Aggregates and cement products are also used in the railroad, agricultural, utility and environmental industries. The Company also has a Magnesia Specialties business that manufactures and markets magnesia-based chemical products used in industrial, agricultural, and environmental applications, and dolomitic lime.
On Apr 30, MLM acquired Minnesota-based Tiller Corporation (“Tiller”), which will be integrated into the Central Division. Tiller is the leading aggregates and FOB hot mix asphalt supplier in the Minneapolis/St. Paul region. This strategic and value-enhancing acquisition will enhance Martin Marietta’s high-margin, upstream materials business in one of the largest as well as fastest growing mid-western metropolitan areas. It expects this strategic and value-enhancing acquisition to be immediately accretive to earnings and cash flow as well as contribute $170 million of product revenues and $60 million of adjusted EBITDA in 2021.
The company blew past analyst expectations when it reported earnings for first-quarter 2021. Its earnings and revenues were up year-over-year, backed by improved pricing in upstream aggregates and cement businesses as well as disciplined cost management.
Ward Nye, Chairman and CEO of Martin Marietta, said, “Our record-setting first-quarter results underpin our confidence in Martin Marietta’s ability to continue delivering sustainable growth and superior shareholder value creation in 2021 and beyond. The Company’s unrivaled growth opportunities and steadfast commitment to disciplined pricing and operational excellence, combined with emerging demand tailwinds that are expected to support construction activity over the long term, firmly and uniquely position Martin Marietta to SOAR to a Sustainable Future.”
MLM stock is up 117% for the past year and is outperforming its sector YTD. So far this year the construction and materials sector is up 17.89% versus MLM’s rise of more than 30% in the same time period. Going forward, MLM will be looking to continue its solid performance and will likely get a boost along with increased infrastructure spending.
Where to invest $1,000 right now...
Before you consider buying Martin Marietta, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Martin Marietta.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Matt’s #1 pick for 2021 [Buy Alert]
He’s pinpointed over 200 stocks that ALL went on to jump 100% or more. Plus 16 more recommendations that skyrocketed over 1,000%.
Today, he’s doing it all over again. [Full Story…]