These 2 Infrastructure Stocks Should Thrive After the Election
When a cyclical industry goes through a downturn, many companies hunker down and just try and hold on through the hard times. Some of the strongest companies, however, use the opportunity to make investments and grow stronger.
Two of those such companies in the steel industry are Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD). Supported by strong balance sheets, low-cost operations, and unique work cultures, both continued on with growth projects that have them set up to take advantage of a recovering economy. Any infrastructure investments that may materialize with the next administration and Congress would only add to the already strong level of bookings.
Image source: Getty Images.
Source Fool.com
