- The $1 trillion package intends to invest in refurbishing roads, bridges, ports, water pipes, and the power grid while simultaneously focusing on supply chain issues, internet access, and climate change.
- As the world's leading manufacturer of construction equipment, Caterpillar will potentially experience immense tailwinds from this spending package.
- With valuation multiples relaxing from being near all-time highs earlier this year, Caterpillar could potentially be an alpha-rich investment as this new spending package unfolds.
For further details see:
Caterpillar: Potential Tailwinds From New Infrastructure Bill