A recent tweet from President Trump has brought infrastructure stocks back into the limelight.
Trump’s ambitious infrastructure bill has been in the waiting for years, but there’s hope his plans could finally take concrete shape now that the COVID-19 pandemic has pushed world economies, including the U.S., to the brink of a recession.
Industry experts opine that an infrastructure stimulus could spur manufacturing, trade, and commerce activity and create much-needed jobs to help the economy recover from the unprecedented coronavirus setback. It’s a valid argument that also reinforces the urgent need to invest in America’s crumbling infrastructure. When, how, or if Trump’s $2 trillion infrastructure program will materialize remains to be seen, but investors might as well take a cue and add some infrastructure stocks to their watchlist this month.
Infrastructure is a huge sector, consisting of stocks of companies ranging from builders and operators of hardcore infrastructure assets like bridges, tunnels, waterways, power and gas grids, and transit systems to manufacturers of equipment and building materials, and infrastructure and engineering service providers.
So for a broad-based idea to stay updated about the infrastructure sector, I’d watch Nucor (NYSE:NUE), Vulcan Materials (NYSE:VMC), and Caterpillar (NYSE:CAT).
Here’s why… Continue reading at The Motley Fool