Promising Construction Stocks to Follow in February 2023

International Paper, United States Steel, and Berkshire Hathaway are three noteworthy construction stocks to observe this February, as indicated by the stock screener tool. Construction stocks include shares of companies directly involved in building, engineering, and various infrastructure projects. Investors often focus on companies that produce essential materials, equipment, or services tied to construction and development. Factors such as shifts in the real estate market, government spending on infrastructure, and general economic conditions can greatly impact the performance of these stocks. Recently, these companies achieved the highest trading volumes among construction stocks.

International Paper (IP)

International Paper Company specializes in the production and sale of renewable, fiber-based packaging and pulp products across North America, Latin America, Europe, and North Africa. This company functions through two primary segments: Industrial Packaging and Global Cellulose Fibers. International Paper offers products like linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft paper. They also manufacture pulp for various applications, including personal care products such as diapers, towels, tissues, and other specialty pulps used in textiles and construction materials.

United States Steel (X)

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily for North America and Europe. The company operates through several segments, including North American Flat-Rolled, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled segment sells slabs, strip mill plates, sheets, and various tin mill products, alongside iron ore and coke. This company is crucial in supplying the construction industry with the steel used for various projects.

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc. is a multinational holding company involved in diverse areas such as insurance, freight rail transportation, and utility operations around the globe. Its insurance subsidiaries provide a wide array of coverages, including property, casualty, life, and health insurance. Furthermore, Berkshire Hathaway operates multiple railroad systems in North America and engages in electricity generation and distribution from various sources, including natural gas and renewable energy.

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