President-elect Donald Trump is already naming names…
Over the past few days, Trump has started filling out his cabinet. We’ve seen some controversial choices, and unsurprisingly the media is in a tizzy debating the potential outcome for each pick.
I won’t be talking about any of that here in Market Insights. But I do want to highlight one aspect of Trump’s latest win that might offer good news for a specific sector…
The Biden administration passed a few infrastructure-related bills that are set to unleash more than $1 trillion to upgrade our failing infrastructure system. I would not be surprised if Trump was prepared to allocate even more funds to the sector.
As a result, I’ve taken a deeper look into which stocks could be the biggest winners as government and private money flow into everything from engineering firms to materials and construction machinery manufacturers.
When you factor in the “Electrification of Everything” megatrend already reshaping the economy, I anticipate trillions of dollars in opportunities unfolding over the next decade and beyond.
Here are some stocks worth keeping an eye on in the coming years…
CRH PLC (CRH) is an Ireland-based company with the largest asphalt paving business in North America. Its products are used in everything from highways to airport runways. The stock is currently trading near an all-time high and up 45% year to date.
The U.S. is in serious need of better (and more) roads. As the biggest player in this space, I expect the stock will continue to outperform.
Caterpillar (CAT) – the largest manufacturer of heavy machinery and equipment – is one of the most well-recognized brands in the world. It produces the equipment that will be used for future infrastructure projects – including bridges, power plants, roads, and more. The stock recently pulled back from an all-time high, but that makes it all the more attractive at current levels.
Finally, Sterling Infrastructure (STRL) is a construction firm that builds roads, bridges, airports, and even data centers. It’s comprised of three divisions – transportation solutions, building solutions, and E-infrastructure solutions. The latter is responsible for the majority of revenue as the artificial intelligence (AI) boom increases demand for data centers.
Of course, none of these companies are official recommendations today. But they’re three companies (among many) that could be worth looking into further.
Here’s to the future,
Matt McCallEditor, Market Insights
The post Prep Your Portfolio for the Coming Infrastructure Boom appeared first on Centurion Publishing.
