FAST - PAVE: Infrastructure Stocks Pave The Way To New Market Highs

2024-03-27 16:20:18 ET

Summary

• Oppenheimer predicts a 5% increase in the S&P 500 by the end of the year.
• Infrastructure stocks, such as the Global X U.S. Infrastructure Development ETF, present a buying opportunity.
• Several Texas-based companies, including Sterling Infrastructure and Powell Industries, have seen significant stock price increases due to infrastructure investments.
• US infrastructure spending is still in early innings and PAVE offers potential growth and a strong total return for the next decade.

Here we are entering Spring in late March 2024 and the stock market indexes are making new all-time highs. Yet several Wall Street investment strategists see even higher highs by the end of the year. One of those companies that has a price target for the S&P 500 that is 5% higher than the closing price of 5,225 as of Friday March 22 is Oppenheimer....

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