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The trillion-dollar infrastructure spending should have a bolstering effect on the industrial sector. Moreover, the Senate intends to pass the Build Back Better Act by Christmas. The lawmakers have designed the spending strategically for the country to gain an edge against other countries. The global industrial services market is expected to reach $41.05 billion by 2028, growing at a CAGR of 5.12%.
Given the solid growth prospects, industrial stocks EMCOR Group, Inc. (EME), Ryder System, Inc. (NYSE:R), IES Holdings, Inc. (IESC), and Heritage-Crystal Clean, Inc (NASDAQ:HCCI) might be the best buys, considering their fundamental strength. These stocks have an overall A (Strong Buy) rating in our proprietary POWR Ratings system.
