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A New $1T US Infrastructure Bill on the Way? ETF & Stock Picks
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The Trump administration is reportedly preparing a nearly $1 trillion infrastructure proposal as part of its efforts to bolster the American economy. The Department of Transportation's preliminary version takes care of most of the funding for projects such as roads and bridges, but also kept money for 5G wireless infrastructure and rural broadband.
The present U.S. infrastructure funding law, known as the FAST Act, permits $305 billion over five years. The limit expires on Sep 30. Lawmakers will either extend it or bring about with it a long-term replacement. The White House, which has made similar proposals in recent years, is aiming to unveil its latest effort in July, per one of the sources. News of the likely increment in stimulus was first reported by Bloomberg.
The new authorization will likely be for 10 more years. If enacted, this would be the longest-ever surface transportation bill. The White House is reportedly set to release its proposal as early as next week. The full House is expected to vote on the proposal in early July. The new bill is in line with Trump’s 2016 campaign pledge.
The fund offers exposure to U.S. infrastructure companies that could benefit from a potential increase in domestic infrastructure activities. The 135-stock fund charges 40 bps in fees.
Invesco Dynamic Building & Construction ETF (PKB - Free Report)
The underlying Dynamic Building & Construction Intellidex Index comprises stocks of U.S. building and construction companies. The fund charges 60 bps in fees.
ProShares DJ Brookfield Global Infrastructure ETF (TOLZ - Free Report)
The fund offers access to an asset class with growing global demand, increasing opportunities for private investment, and high barriers to entry that limit competition. The United States accounts for about 51% of the 123-stock fund. The fund charges 46 bps in fees.
The Zacks Rank #3 (Hold) company is engaged in the production, distribution and sale of construction aggregates and other construction materials in the United States and Mexico.It comes from the Building Products - Concrete and Aggregates industry which has a favorable Zacks industry rank (placed at the top 16% of total 250+ industries in the Zacks universe).
It is a construction material company. The company supplies aggregates, cement, ready-mix concrete and asphalt primarily in the United States and western Canada. It has a Zacks Rank #3.It too comes from Building Products - Concrete and Aggregates.
The Zacks Rank #3 company is one of the nation's largest infrastructure contractors and construction materials producers. It belongs to the Building Products - Heavy Construction industry, which has a favorable Zacks Rank (top 38%).
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A New $1T US Infrastructure Bill on the Way? ETF & Stock Picks
The Trump administration is reportedly preparing a nearly $1 trillion infrastructure proposal as part of its efforts to bolster the American economy. The Department of Transportation's preliminary version takes care of most of the funding for projects such as roads and bridges, but also kept money for 5G wireless infrastructure and rural broadband.
The present U.S. infrastructure funding law, known as the FAST Act, permits $305 billion over five years. The limit expires on Sep 30. Lawmakers will either extend it or bring about with it a long-term replacement. The White House, which has made similar proposals in recent years, is aiming to unveil its latest effort in July, per one of the sources. News of the likely increment in stimulus was first reported by Bloomberg.
The new authorization will likely be for 10 more years. If enacted, this would be the longest-ever surface transportation bill. The White House is reportedly set to release its proposal as early as next week. The full House is expected to vote on the proposal in early July. The new bill is in line with Trump’s 2016 campaign pledge.
U.S. equities have benefited since the release of the news. However, the direct beneficiaries of the move will likely be the below-mentioned ETFs and stocks (read: Don't "Bet Against the American Economy:" ETF Areas to Win).
ETF Picks
iShares U.S. Infrastructure ETF (IFRA - Free Report)
The fund offers exposure to U.S. infrastructure companies that could benefit from a potential increase in domestic infrastructure activities. The 135-stock fund charges 40 bps in fees.
Invesco Dynamic Building & Construction ETF (PKB - Free Report)
The underlying Dynamic Building & Construction Intellidex Index comprises stocks of U.S. building and construction companies. The fund charges 60 bps in fees.
ProShares DJ Brookfield Global Infrastructure ETF (TOLZ - Free Report)
The fund offers access to an asset class with growing global demand, increasing opportunities for private investment, and high barriers to entry that limit competition. The United States accounts for about 51% of the 123-stock fund. The fund charges 46 bps in fees.
Stock Picks
Vulcan Materials Co (VMC - Free Report)
The Zacks Rank #3 (Hold) company is engaged in the production, distribution and sale of construction aggregates and other construction materials in the United States and Mexico.It comes from the Building Products - Concrete and Aggregates industry which has a favorable Zacks industry rank (placed at the top 16% of total 250+ industries in the Zacks universe).
Summit Materials Inc (SUM - Free Report)
It is a construction material company. The company supplies aggregates, cement, ready-mix concrete and asphalt primarily in the United States and western Canada. It has a Zacks Rank #3.It too comes from Building Products - Concrete and Aggregates.
Granite Construction Inc (GVA - Free Report)
The Zacks Rank #3 company is one of the nation's largest infrastructure contractors and construction materials producers. It belongs to the Building Products - Heavy Construction industry, which has a favorable Zacks Rank (top 38%).
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>