Gordon Reid Jacobs Solutions J-N PAST TOP PICK Sep 17, 2024

They serve governments in construction management in consulting, so will benefit from government infrastructure spending. It relatively safe if there's an economic downturn.

They help design the advanced facilities that produce the popular weight-loss drugs, which will need to scale up to meet the huge demand for these drugs. J's life sciences unit is growing at double digits.

He bought an initial position but is not going to a full position yet. The recent earnings report was not that good. It is a provider of construction and maintenance services, engineering design, etc. There are great tailwinds with the updating of infrastructure, space exploration, supply chain investments, etc. Its focus on water and transportation is good for infrastructure spending. Good to buy for the long term.
Buy 16  Hold 3  Sell 0

He's been adding to this. The 1-year chart has been upward, though a little choppy, now at highs. Has strong upside in intelligence analytics, energy transition and space exploration. Are focused in water solutions and transportation infrastructure, so they will benefit massively from the US infrastructure bill.

They're transition from making the projects to consulting on engineering. This will see higher margins. He still likes it, because infrastructure building won't stop in the U.S.

Engineering construction. Very strong foothold in the US transportation market. The multiple's moved up a lot since September, so he doesn't see much upside in the next year. Instead, he'd look at ATRL.