🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

2 Infrastructure Stocks to Buy on the Dip

Published 10/01/2021, 12:39 PM
Updated 10/01/2021, 01:31 PM
© Reuters.  2 Infrastructure Stocks to Buy on the Dip
TEX
-
CRH
-

Even though the vote on the infrastructure bill has been delayed, analysts remain optimistic about it passing. Moreover, the infrastructure sector is expected to grow significantly in upcoming months as economic activities gradually increase. So, it could be wise to bet on fundamentally sound infrastructure stocks like CRH plc (NYSE:CRH) and Terex (NYSE:TEX), which are trading below their 52-week highs but have the potential to generate significant ROI in the near term.The market reacted quite positively when the Senate passed the infrastructure bill on August 10, 2021. However, House Speaker Nancy Pelosi and her leadership team have delayed the vote on the roughly $1 trillion bipartisan infrastructure bill, as Democrats remain divided over a separate but politically linked larger spending measure. If passed, this spending will significantly boost the infrastructure sector’s growth.

On the other hand, as roads, railways and ports, and internet infrastructure need regular maintenance and development, the infrastructure sector is expected to grow in the upcoming months.

CRH plc (CRH) and Terex Corporation (TEX) are two quality infrastructure stocks trading well below their 52-week highs but have solid upsides. So, it could be wise to add these stocks to your portfolio now.

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.