It’s no secret that a key part of President Joe Biden’s agenda calls for $550 billion in new spending that’ll be earmarked for improving the nation’s roads, bridges, waterworks and electric grid over the next five years.
But let’s not get ahead of ourselves…
The bill was just cleared by the Senate on Aug. 11, so it still has to go through a Democrat-leaning House, where some on the left aren’t too happy with the terms.
We don’t know all of the specifics, but there is one thing I know for sure:
There are going to be major infrastructure expenditures over the next five years, and some stocks are already starting to account for that in their valuations, which typically drives price.
Do you remember the old phrase “buy the rumor, sell the news?” Well, it could be a while before the bill gets ironed out. So until then, I’ve found a few infrastructure stocks set to take off…
And more than likely have profitable futures ahead of them as infrastructure talks heat up again…
2 Infrastructure Stocks Set to Take off
The first infrastructure stock set to take off is Mueller Water Products Inc. (NYSE: MWA).
MWA manufacturers and markets services used in the transmission and distribution of safe, clean drinking water and in-water treatment facilities.
In the chart below you’ll notice that the stock is congesting. However, it just broke out to its highest high ever.
That’s not even close to a coincidence!
In fact, I love it when stocks make all-time highs when they’re not parabolic, or moving straight up.
MWA is making all-time highs, but still moving sideways.
So it’s gradually moving higher and volatility isn’t increasing, which is a strong sign there’s more upside ahead.
I mean, increased volatility and trading range tend to be killers for trends, so it looks like this infrastructure stock has a lot more upside to go.
Check out my short video below to hear more about MWA and the next infrastructure stock set to take off soon.
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