Infrastructure stocks on watch after bill passes Congress. Four under-the-hood ways to play it

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Infrastructure stocks on watch after bill passes Congress. Four under-the-hood ways to play it (via TradingNation)

"Parker-Hannifin ... jumped last week post-earnings, that strength marking a breakaway from six months of consolidation. I think that is a breakout to buy in. That one goes higher," he said.Shares have jumped this month, rising by 11%. The broad-based S&P 500, by comparison, is up just 1%.

Nancy Tengler, chief investment officer at Laffer Tengler Investments, prefers to play the group through individual stocks rather than the PAVE ETF. She picked out three names she believes have upside potential.is a beneficiary of the $55 billion water spend that's been allocated in the bill," she said in the same interview. "This is significant spending for water. The state appropriation bills are somewhere in the $2 [billion] to $2.5 billion range annually.

 

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