Getting a C-minus grade usually isn’t good news, but it promises to be just that for investors looking to capitalize on a boom in government spending on infrastructure.
The ASCE’s low grade for the U.S. underlines so many needs , including bridge repair, road construction and maintenance, the continuing expansion and modernizing of the electric grid, and various water-quality initiatives.President Joe Biden has made it clear that once Congress passes another round of pandemic aid, he wants to move to a large infrastructure spending bill. Investors have already jumped on board, as you can see from this one-year chart comparing the performance of the Global X U.
Unlike some infrastructure exchange-traded funds, PAVE doesn’t invest in utility companies. Half of the 100 stocks held by the iShares U.S. Infrastructure ETF IFRA, +0.81%, for example, are infrastructure asset owners and operators, including 20 electric utilities and four water utilities.
Railroad stocks are the best shorts in this entire market. Way to go,
These stocks are up 40%+ over the last year. It’s already priced in.
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