Martin Marietta Materials (MLM): In the construction aggregates business

Martin Marietta Materials is in the construction aggregates business; if you want sand, gravel, stone, lime or cement, they can help. And business prospects are bright, given the many state and federal projects that are already baked in the cake and the accelerating economy (the Economic Cycle Research Institute (ECRI) Weekly Leading Index is growing at its fastest rate since 2010!).

MLM has been hovering between 215 and 235 since its post-election bump, which is normal and potentially constructive action. And given that the price and relative performance line both hit decisive new peaks in November, the odds favor this tight consolidation resolving to the upside as long as the market remains in a bullish mode.

MLM was originally recommended by Mike Cintolo in Cabot Growth Investor. You can learn more about it here.

Read More

Stock Chart