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Stocks and Funds for the Infrastructure Building Boom

The article from Kiplinger discusses the investment opportunities arising from the infrastructure boom, spurred by the Infrastructure Investment and Jobs Act signed into law by President Joe Biden. This act allocates $1.2 trillion, with $550 billion in new spending, aimed at modernizing transportation, expanding broadband, and improving water systems among other projects. The article highlights several sectors and companies likely to benefit:

Construction and Engineering: Companies like Vulcan Materials, Martin Marietta, and Jacobs Engineering are expected to see growth due to increased demand for construction materials and services.

Materials: There's a focus on steel, cement, and aggregates, with companies like Nucor and U.S. Steel potentially benefiting from the steel demand.

Technology and Equipment: Firms like Caterpillar, Deere & Co., and companies involved in electric vehicle charging infrastructure like ChargePoint Holdings are poised for growth.

Renewable Energy: With a push towards sustainability, companies in solar, wind, and energy storage like NextEra Energy, First Solar, and Tesla could see significant investments.

Broadband Expansion: Companies like Corning, which provides fiber optic cables, and telecom giants like AT&T and Verizon are expected to expand their networks.

The article also mentions ETFs like the Global X U.S. Infrastructure Development ETF (PAVE) and the iShares Global Infrastructure ETF (IGF) as ways for investors to gain exposure to this sector without picking individual stocks. It emphasizes the long-term investment potential due to the multi-year nature of infrastructure projects, suggesting that investors should consider the timing and duration of these investments for optimal returns.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks-and-funds-for-the-infrastructure-building-boom ]