5 Infrastructure Stocks To Watch For As The $ 1 Trillion Infrastructure Bill Advances

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Are these the top infrastructure stocks to invest in today?

While investors look to another exciting week of profits on the stock market, Infrastructure stocks just got a boost. Namely, the US House of Representatives passed the highly anticipated $ 1 trillion bipartisan infrastructure bill. Such include transportation, broadband and utility financing among other related sectors. Accordingly, the bill is now being sent to President Biden’s desk as an important stimulus to the Democrats’ plans for the nation. Because of this, infrastructure companies could be in the spotlight again in the future Stock market today.

By and large, there are many infrastructure stocks that investors should consider in today’s marketplace. For example, we could look at each other United Rentals (NYSE: URI) and John Deere (NYSE: DE). Both companies are leaders in their respective industries. On the one hand, United Rentals is the largest equipment rental company in the world. Thanks to the economic reopening, the company delivered solid numbers in its most recent quarterly earnings conference call last week. United Rentals saw both net income and earnings per share increase over 96% year over year. On the other hand, John Deere remains a major player in the agribusiness. The company’s shares are currently up over 215% since the low of the Covid era.

Overall, infrastructure stocks trading now appears to be warming. With that in mind, it wouldn’t surprise me if investors search for the best infrastructure stocks in the world Stock market now. Here is a list of 5 infrastructure stocks to watch for right now.

Top infrastructure stocks to buy [Or Sell] In this week

Nucor Corporation

At the beginning we have Nucor Corporation, one of the most diversified steel and steel products companies in North America. The company, together with its subsidiaries, manufactures steel products at facilities in the USA, Canada and Mexico. In short, the product portfolio includes carbon and alloy steel in bars, sheets and plates. Nucor also brokers ferrous and non-ferrous metals and hot briquetted iron through The David J. Joseph Company. It is also North America’s largest recycler. NUE stock is currently trading at $ 116.60 at 10:03 a.m. ET.

On October 21, 2021, the company announced its financial results for the third quarter of 2021. The company reported net sales of $ 10.31 billion, up 17% year over year. This was due to a 22% increase in the average sales price per ton during the quarter. The company also said it also shipped a total of 7.17 million to outside customers this quarter. In addition, Nucor posted record quarterly earnings of $ 2.13 billion, or $ 7.28 per diluted share. All in all, is it worth adding NUE stocks to your portfolio now?

Source: TD Ameritrade TOS

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Fluor Corporation

After that we Fluor Corporation, a multinational engineering and construction company. Essentially, it is a holding company that provides services in the following areas through its subsidiaries. It also provides professional and technical solutions that enable clients around the world to carry out safe, well-executed, and capital-efficient projects. FLR stock currently trades at $ 23.44 at 10:03 a.m. ET and is up over 70% in the past year alone.

Last week, the company also released its third quarter financials. First, the company had sales of $ 3.1 billion for the quarter. Net income from continuing operations was $ 47 million, or $ 0.26 per share. Fluorine new grants totaled $ 3 billion during the quarter and ended the quarter with a consolidated backlog of $ 21 billion. Additionally, the company ended the quarter with $ 2.2 billion in cash and marketable securities. In light of that amazing quarter, the company has also raised its forecast for adjusted earnings per share for the full year. Given this news, should you consider buying FLR stock?

FLR share chartSource: TD Ameritrade TOS

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Brookfield Infrastructure Partners LP

Brookfield Infrastructure Partner (BIP) is one of the largest owners and operators of critical global infrastructure networks that facilitate the transport and storage of energy, water, freight, passengers and data. It is a purely global infrastructure vehicle that invests in world-class infrastructure assets with stable cash flows, high margins and strong growth prospects. BIP stock currently trades at $ 60.61 at 10:03 a.m. ET.

On November 3, 2021, the company also released its financial results for the third quarter. Net income for the quarter was $ 413 million compared to $ 5 million a year ago. It is benefiting from organic growth at the high end of its target range, with contributions from recently completed acquisitions and gains from the sale of its US district energy business, which closed in July this year. In detail, the successful acquisition of Inter Pipeline marked a significant milestone for the company and supported the results of this quarter with strong organic growth in the core business. With that in mind, will you jump on BIP shares?

GDP share chartSource: TD Ameritrade TOS

Caterpillar Inc.

Another important name to consider now in infrastructure stock trading would be Caterpillar. In short, it is a construction machinery and equipment company. As you can imagine, Caterpillar designs, develops, and markets machinery, engines, and related financial products. Given that it is the world’s largest construction equipment maker, CAT stock might be worth a look right now. As it stands, the company’s stock is currently trading at $ 212.50 at 10:03 a.m. ET.

Aside from the positive news about the Infrastructure Act, Caterpillar is also being received positively by analysts. In essence, financial services company Baird hailed CAT stock as a “fresh pick”. The company anticipates that Caterpillar will generate strong profits over the next several years thanks to a “strong demand environment”. All in all, would you consider CAT stock a top buy on the stock market right now?

CAT stock chartSource: TD Ameritrade TOS

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Volta Inc.

Next, let’s look at Volta. In short, it is a trade-oriented manufacturer of electric vehicle (EV) chargers. Today, through its EV charging network, the company serves a growing number of consumers owned by EV owners in the United States. Now, thanks to the inclusion of EV charging infrastructure in the Democrats’ latest bill, Volta could be the center of attention. Obviously, VLTA stock is now trading at $ 10.24 at 10:03 PM ET, having risen over 8% since today’s opening bell.

All in all, the current performance of the company’s shares is likely to be due to the industry’s tailwind. After all, under current law, a whopping $ 7.5 billion could be invested nationwide in the development of EV chargers over the next five years. Not to mention, Volta remains a unique choice among its fellow EV charging colleagues. Because the company’s EV chargers also offer brands and companies commercial advertising space. As if that weren’t enough, Volta also recently hit a milestone, delivering 100 million electric miles to EV drivers in the US. Given all of this, are you going to be investing in VLTA stocks today?

VLTA share chartSource: TD Ameritrade TOS

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.


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