Trade Alert – More Infrastructure Upside

by | Jun 17, 2020 | Daily Trade Alert

Infrastructure stocks are set to rally again this morning.

Just yesterday, we highlighted three infrastructure opportunities on news President Trump noted he was 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.”

With that, we highlighted opportunity in Vulcan Materials (VMC), which opened at $125 yesterday. It’s set to open at $125.15.

We also highlighted Nucor (NUE) at $43.82. It’s now up to $44.58. And we highlighted Caterpillar (CAT) at $129.91. It’s now up to $131 in pre-market, and is set to run higher, as well. Should we see an infrastructure program, all of these stocks could explode to higher highs.

Continuing with the infrastructure theme, other top trades to consider are steel stocks, including United States Steel Corporation (X), Cemex (CX), and cement trades such as U.S. Concrete (USCR).

While there is some opposition to the proposal in Congress, there’s hope it will see the light of day. After all, the U.S. desperately needs a monumental overhaul to just about everything having to do with infrastructure.

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

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