Some U.S. Stocks Jumping on Big News from China (BTU, ANR, ACI, JRCC, X, NUE, MT, AKS, STLD, CAT, JOY, DE)...
246 kilometers of subway tracks and 138 new subway stations in the city of Xiamen and a 301-kilometer 4-lane highway in Xinjiang province. Investors see projects of this kind as a boon not only to Chinese industry, but also to certain sectors of U.S. stocks. In this case, U.S. coal miners are up sharply, while steelmakers and construction and farm equipment makers also are getting a boost from the big stimulus package.
how large is the effect for those company? thanks :) |