In February, President Donald Trump unveiled his $1.5 trillion infrastructure spending plan. It wasn't quite what many had expected, with only $200 billion in direct federal spending going toward toward fixing roads, bridges, and other initiatives, with the rest of the funding expected to come from state and local governments. And with the departure of the administration's top infrastructure advisor earlier this week, the plan will likely remain in limbo until after the midterm elections.
In any case, at some point, more money will be spent on upgrading America's aging infrastructure. Naturally, that's good news for engineering and construction companies, which will surely enjoy an earnings boost if more money starts coming their way.
Bryan Borzykowski does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.