We may be closer to an infrastructure deal.
President Biden is meeting with Democrats and Republicans, as Senators say they’re closer to a deal to revamp antiquated U.S. infrastructure.
“White House senior staff had two productive meetings today with the bipartisan group of Senators who have been negotiating about infrastructure,” White House press secretary Jen Psaki said, as quoted by CNBC. “The group made progress towards an outline of a potential agreement, and the President has invited the group to come to the White House tomorrow to discuss this in-person.”
If we see progress, investors can always push into stocks such as Vulcan Materials (VMC), Fluor Corp. (FLR), United States Steel (X), Caterpillar (CAT), Nucor (NUE), and Freeport McMoRan (FCX). Another way to potentially cash in on the boom is with ETFs.
iShares Global Infrastructure Index ETF (IGF)
One of the best ways to diversify – at less cost is with an ETF, such as the iShares Global Infrastructure Index ETF (IGF). At $46 the ETF offers us exposure to Enbridge Inc., TC Energy Corp., Kinder Morgan, Duke Energy Corp., Williams Inc., and Exelon Corp.
SPDR S&P Global Infrastructure ETF (GII)
At $53, the ETF offers exposure to stocks including Enbridge Inc., TC Energy Corporation, Duke Energy Corporation, Kinder Morgan, Exelon Corporation, Xcel Energy, and Southern Company. Since bottoming out around $49 in March, the ETF ran to $55. While the GII ETF recently dipped to $53, weakness may be a great opportunity.
Global X US Infrastructure Development ETF (PAVE)
At $25.50, PAVE offers exposure to Nucor Corp., Trane Technologies, Eaton Corp., Deere & Co., Emerson Electric, Sempra Energy, and Vulcan Materials. Since bottoming out around $21 earlier this year, the ETF 4ran from $27.50. While the ETF dipped to about $25, weakness may also be an opportunity with this idea, as well.
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