This post was originally published on this site
However, President Biden and his Democratic caucus intend to wrap up negotiations and pass the bipartisan infrastructure bill and a larger “Build Back Better” package (an ambitious plan to fund meaningful climate action and achieve a carbon-zero electric grid by 2035, create jobs, cut taxes, and lower costs for working families) by the end of the month. When passed, the bill should stimulate growth in the U.S. infrastructure sector.
The potential infrastructure spending opens an attractive opportunity to invest in quality infrastructure stocks, which could generate substantial returns over an extended term, bolstered by the massive government spending. Given this backdrop, we think Dover Corporation (NYSE:DOV), Regal Rexnord Corporation (RRX), and Crane Co. (CR) could be attractive additions to one’s portfolio, based on their immense growth potential.
