U.S. engineering companies are expected to get a boost from increased spending on infrastructure, said Frank Holmes, chief executive and chief investment officer of U.S. Global Investors, on CNBC's “Morning Call.”
“We’ve been behind in keeping up with the infrastructure for the past 20 years," said Holmes.
Holmes recommended stocks such as McDermott International and Quanta Services. He expects the companies to benefit from "our own domestic infrastructure build-out."