A Game-Changing Catalyst Could Be Coming for this Industry
One of the largest spending packages the U.S. has seen in decades is primed to deliver enormous profits for savvy investors.
As members of Congress debate the merits of the proposed infrastructure spending bill – including how much should be spent, where the money should be applied, and the tax adjustments needed to fund it – Wall Street is waiting on the edge of its seat for the results.
Assuming that the proposed spending bill is signed into law, the ramifications for several industries could be absolutely outrageous.
While we’ve already seen a few stocks starting to price-in the anticipated boost from the anticipated boom in spending, there are still plenty of huge profit opportunities out there.
Take a look at where we could see the biggest impacts…
Where’s the money?
Of all of the industries that would be lifted by the infrastructure bill – and there will be quite a few – the two that I believe will see the biggest gains are materials and technology.
Among the proposed infrastructure projects are efforts to upgrade, repair, and replace roads, bridges, schools, federal buildings, airports, and much more. Thousands of Americans would be put to work on new construction projects – and the demand for the materials to complete those jobs would skyrocket.
We’re already seeing huge buying momentum on producers of steel and other construction materials like United States Steel Corporation (X) and Cleveland-Cliffs Inc. (CLF).
But my favorite stock to buy now ahead of the potential passing of the infrastructure bill is a well-known and successful tech company that is poised to get a big boost…
How do I get some?
As I mentioned, the spending package should be good for material names, and we see steel prices at all-time highs as well as demand is heating up.
Ultimately, I think one of the best names to play ahead of the spending bill is Tesla, Inc. (TSLA).
All the electric names should get a bid in the space but the best is TSLA. A big part of the proposed bill is an effort to expand infrastructure for electric vehicles – specifically the promise to install at least 500,000 EV charging stations across the U.S. by 2030.
The ability to charge electric vehicles in more places would be a huge boon to the EV industry, which has struggled to provide their customers with a sufficient amount of charging options.
Enhanced EV infrastructure could be the catalyst to convince many consumers to finally make the switch to electric vehicles.
All in all, when the government spends money it is good for the economy and the stock market. We’ll see a lot of boats lifted with the rising tide, but my bet is on Tesla being one of the big winners.
A Backdoor Play on the Long-Awaited 5G Revolution
The American economy is about to go through a projected $1.4 trillion transformation over the next couple years…
All thanks to the shift to 5G that’s been years in the making.
It’s finally hitting the mainstream this year thanks to some of the largest, most profitable corporations in America. And as this new technology makes its way across the country, it’s going to change every aspect of our day-to-day lives.
But the truth is, it’s too late to invest directly in 5G. That ship has sailed.
Yet, thanks to this new technological shift, investors could still see 1,000% gains within eight months.
Famed tech expert Michael Robinson is going to break it all down for you. Click here to get the details.
In the Spotlight: There’s still cause for concern…
Despite all of the optimism in the market right now, there’s still reason to be cautious.
With the S&P 500 hitting new highs and a record amount of money in the market, there are bound to be overbought stocks and outright bubbles to watch out for.
One catalyst to keep an eye on would be rising bond yields. If the 10-year Treasury rises to 2% or more this year, we could see a major correction.
I still believe we should be getting long in these market conditions, but proceed with caution. I’ll be keeping watch on the potential pitfalls in the market, and I’ll be sure to warn you as I see any develop. Stay tuned.