3 Overlooked Infrastructure Stocks
These stocks stand to benefit from higher infrastructure spending in the years to come.
Kristoffer Inton: Infrastructure was one of few topics to receive bipartisan applause during President Trump’s State of the Union address, suggesting hope for increased U.S. infrastructure funding. However, current market valuations of heavy building materials companies imply that more money may not be coming. In our view, this outlook is short-sighted and overlooks a few important factors.
In the short term, the FAST Act, which was passed in 2015 under President Obama, should continue to pay for very large infrastructure spending outlays over the next few fiscal years.
Kristoffer Inton does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.