What happened Shares of North American infrastructure construction company MasTec (NYSE: MTZ) spiked 14% today, in a move shared by many stocks in the sector. So what With the Georgia runoff Senate elections swept by the Democratic candidates, giving their party control of the House and Senate, investors today are swooping into sectors that may get more stimulus investment in the coming months and years. Image source: Getty Images. MasTec specializes in engineering and construction projects in energy, communication, and utility infrastructure, which could be the focus of a Biden agenda with a Democratic Congress. Now what Investors would welcome an influx of federal money to support projects in MasTec's area of expertise. Though deemed an essential business, its operations have been affected by the pandemic through "lost productivity from governmental permitting approval delays, reduced crew productivity due to social distancing, other mitigation measures, or other factors," according to the company's third-quarter earnings release. Current MasTec projects include cell tower construction, wind power generation, natural gas pipelines, and biodiesel plants. President-elect Biden has already voiced support for growing green energy, and communications projects will be expanding as 5G rolls out. This gives MasTec the potential to grow its project pipeline rather quickly, should federal bills be passed. In the quarter ended Sept. 30, even with the pandemic cutting total revenue by 16%, MasTec reported growing revenue in its clean energy and infrastructure, and electrical transmission segments. Investors today recognized that potential and piled into the stock. 10 stocks we like better than MasTecWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and MasTec wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Howard Smith has no position in any of the stocks mentioned. The Motley Fool recommends MasTec. The Motley Fool has a disclosure policy.Source