3 Infrastructure Stocks to Buy in June
Infrastructure spending has been the topic of many investment discussions recently. There is rare bipartisan agreement that there is a need to upgrade traditional infrastructure like roads, bridges, ports, and airports. But politics being what it is, the devil is in the details as to whether there will agreement on a large spending package.
But regardless of the politics, there is a need that will be addressed. States and local governments are already spending money where it's needed, and there are companies that are benefiting from those needs. North America's largest steelmaker Nucor (NYSE: NUE) is positioned to profit from infrastructure improvements, as is construction equipment supplier United Rentals (NYSE: URI).
And though there is debate on how to define infrastructure, the power grid is undoubtedly part of it. Rolling blackouts in California and the severe winter storm in Texas this year have Americans wanting security in the the power supply. Combining that desire with the growing push toward renewable energy has residential and commercial solar company SunPower (NASDAQ: SPWR) also in a good position to benefit. All three should be on investors' radar for new investments.
Source Fool.com
