If enacted, the plan would repair roads and bridges, invest in electric vehicles and charging stations, modernize the country’s electrical grid and beef up broadband internet access, among other goals. That means loads of potential for traditional infrastructure stocks, as well as for green-energy stocks and other alternative plays that will benefit from Biden’s “Build Back Better” theme. The investments that follow should bene-fit from a potential spending surge from Washington.
If you expect to see a lot of roads paved or repaired in the coming years, consider VULCAN MATERIALS (SYMBOL VMC, $173), America’s largest producer of construction aggregates (crushed stone, sand, gravel) and a major producer of asphalt and cement. Even with out a giant spending bill, Vulcan’s top line could get a meaningful boost from an expected increase in new-home construction. Similar to Vulcan, MARTIN MARIETTA MATERIALS (MLM, $346) specializes in the materials used in large construction and infrastructure projects, including sand and gravel products, concrete, and asphalt. The company also makes chemical products for industrial, agricultural and environmental applications.
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