The Biden administration is preparing to unveil this week details of a massive infrastructure package that is expected to cost in the neighborhood of $3 trillion.
So if you’re an investor, you should be looking for stocks to trade the infrastructure bill.
The spending package is expected to include money to improve the country’s aging highways, bridges and rail lines, which will boost the economy by providing jobs.
There will also be money carved out to install thousands of electric vehicle charging stations, build more energy-efficient homes, and to construct new power lines.
So there are a lot of opportunities for you, the savvy trader, to make money based on what is coming out of Washington.
There are two major areas that will benefit from President Joe Biden’s infrastructure plan, and the first is fairly obvious: steel stocks.
In fact, my Alpha Trade Alerts service members just cashed in a big 72% winner — overnight — from an option play on United States Steel Corp. (NYSE: X). We bought this call option Thursday and sold it Friday for a huge gain — it doesn’t get much better than that!
The stock crossed my Alpha Line, it shot up and BOOM, we locked in the gain and walked away.
So U.S Steel is a name you can look at as a steel play. But there’s also the VanEck Vectors Steel ETF (NYSEArca: SLX) if you’re looking for broad exposure with an exchange-traded fund. Reliance Steel & Aluminum Co. (NYSE: RS) is another name that’s been on a tear this year.
There’s another area that will see big growth with the coming bill, so be sure to check out my short video for more stocks to trade the infrastructure bill.
Also be sure to check out my Alpha Trade Alerts for more trade ideas like the one above. We’ve cashed out seven straight winning trades!
And as always, please like and subscribe to our YouTube channel and podcast, “Smart Money Circle,” where I interview some of the most brilliant minds in the business. You can also follow me on Twitter, and read more of my thoughts on the market at WealthPress and on Forbes, where I’m also a contributor.
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