Q: Engineering stocks, specially WSP, have lagged the market this year, despite lot of positive news around data centres build and Canadian government spend plans on infrastructure projects. WSP actually is trading near its 52 weeks low.
Unless there is a solid catalyst to lift the stock over next 6-12 months, would it make sense to step aside and assign these funds elsewhere like financials ( Canadian banks ) or other industrials ( US aerospace) or even Tech ( CLS ), where there is better momentum and more visibility ?
Thank You
Unless there is a solid catalyst to lift the stock over next 6-12 months, would it make sense to step aside and assign these funds elsewhere like financials ( Canadian banks ) or other industrials ( US aerospace) or even Tech ( CLS ), where there is better momentum and more visibility ?
Thank You
5i Research Answer:
We are still confident in WSP's long-term potential, and its large backlog does add some...