If you mean to make an investment and you would like to know more about the best airport and infrastructure stocks to buy under President Trump, keep reading with us.
In any case, if Trump and his team come up with a clear plan regarding infrastructure, they can get the legislation passed, especially since Democrats might be willing to vote in favor. U.S infrastructure is in a critical state, with a lot of investment required. In 2015, it was found out that 10% of the some 609,500 bridges in the U.S were structurally deficient and required repairs. In addition, nearly 2,000 state-regulated high-hazard dams needed repair in 2015 and there are constant reports of major issues like the contamination of the water supply in Flint, Michigan and sinkholes.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked two stocks from their list.
The first one is United States Steel Corporation (NYSE:X). Aside from concrete and other building materials, another prime material needed for infrastructure is steel. Steel companies like United States Steel Corporation (NYSE:X) were also highlighted during Trump’s presidential campaign, as he promised to target cheap Chinese steel and impose tariffs on imports in order to provide a demand boost for U.S steel. United States Steel Corporation (NYSE:X) stands to benefit from protectionist tariffs, especially since Trump also wants to build pipelines and the Wall, all using U.S steel. Teh second stock is Caterpillar Inc. (NYSE:CAT). With materials figured out, infrastructure construction and repair will also require equipment. Again, assuming that Trump’s “America First” campaign promise is kept, U.S construction equipment manufacturers should see increased demand. In this way, Caterpillar Inc. (NYSE:CAT)‘s stock has gone up by 27% since the election, having also registered a jump at the end of April on the back of strong first-quarter results. The company reported EPS of $1.28, clobbering the consensus estimate of $0.62, while revenue of $9.80 billion was $550 million higher than expected. Caterpillar Inc. (NYSE:CAT) also raised its 2017 guidance, with it now expecting EPS of $3.75 and revenue in the range of $38 billion to $41 billion, versus the previous forecasts of $2.90 in EPS and revenue of between $36 billion and $39 billion. During the first quarter, the number of funds from our database long Caterpillar Inc. (NYSE:CAT) increased by four to 38, while the total value of their positions surged to $2.10 billion from $1.60 billion.
For any further interesting information read Insider Monkey’s article about 5 best airport and infrastructure stocks to buy under President Trump.
