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This growing demand has propelled companies to manufacture efficient, eco-friendly, heavy construction machinery despite supply chain constraints and rising input costs. Also, the Senate’s passage of the $1 trillion bipartisan infrastructure bill will likely favor the growth of companies that manufacture heavy machinery.
So, we think it could be wise to bet on Deere & Company (DE), AGCO Corporation (AGCO), Oshkosh Corporation (OSK), Terex Corporation (TEX), and Alamo Group Inc . (ALG). They have the potential to capitalize on the industry tailwinds and deliver solid returns in the near-term. Each of these stocks is rated B (Buy) in our proprietary POWR Ratings system.
