Donald Trump’s Infrastructure Plan Just Gave This Stock a $2 Billion Boost

President Donald Trump Signs Executive Orders

WASHINGTON, DC - JANUARY 23: (AFP OUT) U.S. President Donald Trump signs the first of three Executive Orders in the Oval Office of the White House in Washington, DC on Monday, January 23, 2017. They concerned the withdrawal of the United States from the Trans-Pacific Partnership (TPP), a US Government hiring freeze for all departments but the military, and "Mexico City" which bans federal funding of abortions overseas. Standing behind the President, from left to right: US Vice President Mike Pence; White House Chief of Staff Reince Preibus; Peter Navarro, Director of the National Trade Council; Jared Kushner, Senior Advisor to the President; Steven Miller, Senior Advisor to the President; unknown; and Steve Bannon, White House Chief Strategist. (Photo by Ron Sachs - Pool/Getty Images)

Photograph by Pool—Getty Images

U.S. President Donald Trump helped send shares of Freeport McMoRan soaring Tuesday after he signed an executive order putting his infrastructure spending plan into action.

Shares of the metals and mining company jumped 8.27% Tuesday as investors anticipated higher sales for Freeport under the infrastructure-focused and energy-friendly Trump administration. The stock also received a bump as investors looked forward to the company’s fourth quarter earnings report Wednesday morning.

That boosted Freeport’s market capitalization by $2.1 billion, making the company worth $23.5 billion.

Trump’s plan to increase infrastructure spending has sent metals and mining stocks on a wining streak since his election on Nov. 8. The S&P 500 Metals and Mining Select Industry Sector Index rose 3.2% in Tuesday trading, though it has risen nearly 28% since the elections.

Shares of Freeport McMoran have risen nearly 41% since Nov. 8 — meaning investors had decided that the company is roughly $12 billion more valuable with Trump sitting in the White House than not.