FCX - 3 Infrastructure Stocks to Buy Hand Over Fist in March
2024-03-09 05:05:00 ET
A combination of the $1 trillion infrastructure bill in the U.S. and the global need to maintain and upgrade infrastructure in developed countries while investing in new projects to support growth in emerging countries means there will be ongoing spending on infrastructure. That's great news for companies with exposure to it, and I think investors should look closely at Trimble (NASDAQ: TRMB) , Freeport-McMoRan (NYSE: FCX) and Atkore (NYSE: ATKR) to play this theme. Here's why.
Trimble provides positioning and workflow technology that helps construction and geospatial companies with their daily operations. Its origins lie in precise positioning hardware. But its future lies in increasingly augmenting that hardware with software and services -- including advanced analytics -- to enable customers to make more-informed decisions and produce better outcomes.
With Trimble, for example, infrastructure projects can be precisely managed with a significant reduction in waste and the kind of cost overruns the industry is famous for. It's a key player in digitally transforming how infrastructure is built and maintained.
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3 Infrastructure Stocks to Buy Hand Over Fist in March