Machinery and Engineering Could Benefit For Irene

The Heavy Equipment/Machinery maker and rental companies could benefit from the reconstruction affer Irene,

U.S. industrial shares were higher in the first trading day after Hurricane Irene passed over the northeastern United States, outperforming the broader stock market.

He said makers of electrical distribution transformers will be winners as power lines are restored, naming Cooper Industries.

For engineering and construction companies, such as Quanta Services Inc and Pike Electric, the boost to demand will depend in large measure on their geographic mix. Some are more exposed to parts of the United States that were not affected by Irene.