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| 8 Names to Cash in on the $1.2T Infrastructure Bill Posted: 29 Jun 2021 06:44 AM PDT If you've been following the news, then you know the White House reached an infrastructure deal between Democrats and Republicans… They keep going back and forth, as per the usual political rancor on Capitol Hill these days, but a deal is supposedly still in place. So now is a great time to look at stocks that will benefit from infrastructure spending. This is a massive spending bill totalling about $1.2 trillion dollars to help rebuild infrastructure in the U.S., including more than $500 billion in new spending. About $312 billion will go to transportation projects like roads, electric vehicles, airpots, public transit and so on. Another $266 billion will go to water, broadband and power grid projects. Stocks That Will Benefit From Infrastructure SpendingWhen it comes to stocks that will benefit from infrastructure spending, the first name I'm looking at is American Tower Corp. (NYSE: AMT). AMT is a real estate investment trust, or REIT, and it blasted off after a big pullback in March…  This is a volatile but strong stock, and what this company does is cell phone towers. They do wireless TV, radio and broadcast companies, and we have 5G coming out — basically everything that goes up in the air and transmits signals. This is an evergreen business that will be around forever, and it's just my first stock that will benefit from infrastructure spending. Check out my short video and let's dive into the other seven names. Also be sure to check your inbox each Monday for my free Alpha Intel Weekly Watchlist. I send you free trade alerts pulled from my watchlist every couple of weeks just as a thank you for being a reader. And as always, please like and subscribe to our YouTube channel and podcast, "Smart Money Circle," where I interview some of the most brilliant minds in the business. You can also follow me on Twitter, and read more of my thoughts on the market at WealthPress and on Forbes, where I'm also a contributor. This was my first time buying an AC unit to replace an old one. I got several quotes and this was among the most competitive, and the staff is nice, genuine and straight up so I went with them. Very pleased with how everything came out, definitely recommend!
P.S. Join the Next Wave of Crypto Booms I've spotted a major tipping point in cryptocurrencies… And we've all thought about the money we could've made in Bitcoin and other cryptos if we invested a decade ago. Can you imagine having bought Bitcoin 10 years ago for around $3.50 a coin?! People are now reluctant to jump into crypto after the big run up we've seen the past few years. But I believe an event is happening soon that will single-handedly launch a new wave of crypto riches! I can't believe this isn't all over the news and social media — yet! The thing is, the more people know about this, the higher prices will go. So make sure to get in… before it's too late! The post 8 Names to Cash in on the $1.2T Infrastructure Bill appeared first on Wealthpress. |
| 1 Transportation and 1 Energy Stock to Trade Before Independence Day Posted: 29 Jun 2021 06:34 AM PDT Investors should be cautious as markets are fragmented and increasingly vulnerable, and we could see a cooldown. I've singled out two opportunities bucking the trend that have upside potential in this climate — and more in today's stock market recap. But first… Stock Market RecapIn the stock market recap, global markets are mostly lower after the Nasdaq and S&P 500 hit record levels. Retail sales make up two-thirds of the gross domestic product of the U.S. The consumer confidence report came out this morning with important data in terms of discretionary spending and consumer staples. Consumer confidence increased in June and is at its highest level since March 2020. Business and personal outlooks improved and consumers are looking past inflationary cautions. The relative strength index — a technical indicator charting the historical strength of a stock or market — in the Nasdaq is at its highest level since December 2020. Only 48% of stocks are pushing the S&P 500 to record levels. Technically, the index should be trading around its 50-day moving average. These are signs of a fragmented and unstable market. Roger's Radar: 1 Pullback and 1 Breakout to Trade This WeekCryoport Inc. (Nasdaq: CYRX) is a shipping solutions provider specializing in temperature-sensitive materials. CYRX is breaking out to recent highs after a period of consolidation. It's currently trading around $67 and could test the $80 level. CYRX has a one-year return of 126.35% and a market cap of $3 billion. It's a Russell 2000 stock. Small-cap stocks making big moves go up 6.5 times on average compared to S&P 500 stocks. I've also identified an energy company reaching oversold territory. It's coming off a pullback and could break out soon. In today's video, you'll discover whether the S&P 500 is overbought… what current relative strength index levels are telling me… whether divergence is here to stay… what momentum levels are pointing to… the top sectors to buy and which ones to avoid… and the top breakout and pullback opportunities right now. P.S. Join the Next Wave of Crypto Booms Expert trader Adam Sarhan has spotted a major tipping point in cryptocurrencies… We've all thought about the money we could've made in Bitcoin and other cryptos if we invested a decade ago. Can you imagine having bought Bitcoin 10 years ago for around $3.50 a coin?! People are now reluctant to jump into crypto after the big run up we've seen the past few years. But Adam believes there's an event happening soon that will single-handedly launch a new wave of crypto riches! I can't believe this isn't all over the news and social media — yet! The thing is, the more people know about this, the higher prices will go. So make sure to get in… before it's too late! Check back each morning for Roger's Radar and the most important news and numbers in the WealthPress stock market recap. The post 1 Transportation and 1 Energy Stock to Trade Before Independence Day appeared first on Wealthpress. |
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