Trade Alert – Infrastructure Plays

by | Jun 16, 2020 | Daily Trade Alert

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.

Tech Stocks to Drop 92%?? (stunning prediction)

The firm that called the EXACT PEAK of the Dot-Com boom has just issued another major prediction.

If you’ve got money invested in the market – and especially in popular tech stocks – this is critical information for the days ahead…

Watch the Video

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