CARR - Best stocks for Biden's infrastructure plan from KeyBanc: Alpha Tactics Part 1
The White House unveiled details of its $2T infrastructure and jobs plan this past week, with heavy spending in diverse areas.Just how much of an infrastructure bill could actually pass into law is unsurprisingly unclear at the early stage, but Republicans are already standing firm again the Democrats' plan to pay for the plan with tax increases.Still, many agree and the U.S. is overdue for infrastructure investment and KeyBanc Capital Markets is out with their take on the stock poised to benefit most.KBCM doesn't comment on the chances of the plan's approval, but does note "it is important to acknowledge that funding in the form of tax reform could offset benefits, in many cases, as companies’ bottom lines are impacted by higher effective tax rates."Machinery & Equipment Rental. Analysts Steve Barger and Ken Newman see "particular upside potential for our construction machinery OEMs, equipment rental companies, and rail transportation manufacturers."Oshkosh (OSK) and
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Best stocks for Biden's infrastructure plan from KeyBanc: Alpha Tactics Part 1