What a wild couple of weeks the market has seen since the war in the Middle East reaccelerated, and it’s all happened after major fears over AI, jobs, and CapEx spending in 2026. As a result, the S&P 500 (I write about stocks I’m personally interested in adding to my portfolio. I’m not a professional advisor, but I study business and economics and analyze markets full-time. My writing is meant for both complete beginners — I avoid unnecessary complexity — and advanced readers, as I always aim to offer a dis ...

Financial Performance - Profits jumped 30%, largely driven by the highways business, especially in North America [1] - Tollways in the US experienced an EBITDA growth of 14% in the first half of the year [2] - The construction business maintains a long-term average EBIT margin of 35% [2][3] Strategic Initiatives & Infrastructure Development - The company is making 72% physical progress on a project slated to open next year [2] - Increased Tifia funding, moving eligible CapEx from 33% to 49%, is viewed as positive for large infrastructure projects in the US [4] - Streamlining environmental regulations and permits is expected to reduce project timing and costs [4][5] - The company invested over 1 billion in building a new world-class terminal at JFK airport, expected to open next year [8] Market Trends & Opportunities - Traffic growth is historically above GDP, and this trend is expected to continue [7] - There is a need for airport expansion in the US, presenting opportunities for private partners [9] - The company sees positive developments from the current administration's actions [4] External Factors - The exchange rate affects the dividends given in euros, but the company is mitigated by its US assets [10][11]