Trillion Dollar Infrastructure Program: The Top Stocks to Consider

In this Friday, Feb. 14, 2020 photo, a truck leaves the docks at PortMiami in Miami. On Thursday, Feb. 27, the Commerce Department issues the second estimate of how the U.S. economy performed in the fourth quarter. (AP Photo/Wilfredo Lee)

President Trump may be preparing a $1 trillion infrastructure proposal.  According to CNBC, reports say, “a preliminary version being prepared would set aside the majority of the money for traditional infrastructure projects such as roads and bridges, though funds would also be reserved for 5G wireless infrastructure and rural broadband.”

As we hear more on the plans, keep an eye on infrastructure stocks involved with steel, cement, and heavy equipment that’ll be needed, including:

Vulcan Materials (VMC)

Vulcan Materials produces and sells construction aggregates, asphalt mix and ready-mixed concrete primarily in the U.S. for highways, airports and government buildings.  We’d like to see a near-term test of $100 on VMC if the infrastructure plans get off the ground.

Nucor (NUE)

Nucor is the largest steel producer in the U.S., and could benefit big from an infrastructure program.  Also, Goldman Sachs just upgrade the stock to the equivalent of a buy rating. We’d like to see a test of $52 on NUE.

Caterpillar (CAT)

The world’s biggest construction equipment manufacturer should benefit from an infrastructure program, too. We’d like to see a near-term test of $140 on CAT.


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