MasTec: Movin' On Up

Summary:

- It was announced that MasTec was added to the S&P MidCap 400 index and the stock jumped on the news.

- MasTec is movin' on up to the MidCap index but, in my opinion, this is only one of the many reasons to stay long the stock.

- I am long MasTec and I am looking to add to my position.

MasTec's ($MTZ) stock moved higher after it was announced that the company would be included in the S&P MidCap 400 index, which added to the already impressive stock performance so far in 2018.

The inclusion in the MidCap 400 index is great news for MasTec (and its shareholders) but let's remember that there are already plenty of other reasons to stay long the stock.