Obama’s Infrastructure Investment Statements Fueling ADSK Stock Surge?

Back on December 6th, President-elect Barack Obama made a statement that to help "jump start" the economy and stem job losses that he would make an investment in infrastructure. Some have called it an "Eisenhower-like" project similar to the development of the interstate highway system in the 1950’s under then president Dwight Eisenhower for the construction of new roads, repair of aging bridges and making public buildings more energy efficient. Bloomberg News reported on December 8th that the total stimulus package might be in the range of $500 to $700 billion.

These statements sent shares of construction manufacturers and engineering firms up solidly. The impact has been felt in the geospatial technology sector as well. Since early December, Autodesk’s (ADSK) stock as risen from around $16 per share to nearly $21 per share as of yesterday’s close or about 30%.