Mar. 27, 2009 (Investor's Business Daily) -- Fresh faces continued rising into the leading industry rankings last week as the stock market continued mending.
The consumer electronics retail group jetted into the top 20 industries after a better-than-expected Q4 report from Best Buy (BBY). It was ranked No. 89 three weeks earlier.
Long-standing defense plays loosened their grip on leadership. Food-Miscellaneous Preparation and gas utilities plummeted in the rankings.
The Building-Heavy Construction group plowed into the top 20 ranks, advancing more than 6% just in Thursday's trading.
The primary boost for that group appeared to come from the Obama administration's stimulus spending program.
Economist Ken Simonson of the Associated General Contractors of America says at least $135 billion will go directly to infrastructure. That spending affects all major parts of the industry, with bridges, highways and other public works projects in the mix.
But the stocks of many of the group's most profitable companies remain deep below their 52-week highs. Those include Quanta Services (PWR), Chicago Bridge & Iron (CBI) and KBR (KBR), the former subsidiary of oil-field services heavyweight Halliburton (HAL).
Construction consultant AECOM Technology (ACM) also has a solid EPS Rating and is just below the buy point 14 a double-bottom base. That base has a red flag: extremely heavy selling action in the week ending March 6.
Government systems engineer URS (URS) is testing resistance around 43 as it works on a base within a much larger consolidation.
