This story was originally published here.
U.S. infrastructure has been crumbling for quite some time.
The situation has gotten so bad, the American Society of Civil Engineers gave the country a D+ in 2017. That’s a terrible score. In fact, to get anywhere near where the country’s roads, bridges and water systems need to be, the ASCE says we need nearly $4.5 trillion by 2025.
“We’re looking at aviation, bridges, roads, transit, dams, levees, schools, parks, solid waste, drinking water, waste water,” ASCE Executive Director Tom Smith told CNBC. “Unfortunately, 12 out of 16 categories are in the ‘D’ range, which is ‘poor’ or ‘at-risk,’ which is really reflecting a lot of our infrastructure being at the end of its useful life.”
We’ve heard a lot of talk from the government on fixing the issue. However, we may actually be a step closer to a resolution.
President Donald Trump is reportedly preparing a $1 trillion infrastructure proposal.
In fact, according to CNBC, reports say, “a preliminary version being prepared would set aside the majority of the money for traditional infrastructure projects such as roads and bridges, though funds would also be reserved for 5G wireless infrastructure and rural broadband.”
The last time I wrote about top infrastructure stocks was on June 11, when I recommended three picks. Now, things are just heating up for these infrastructure stocks.
Infrastructure Stocks: Vulcan Materials (VMC)
My first pick was Vulcan Materials, which produces and sells construction aggregates, asphalt mix and ready-mixed concrete. All of those products are needed to fix miles and miles of antiquated roads and bridges.
In the original article, I said, “with new infrastructure initiatives being launched, I believe VMC stock could revisit its prior high of $148 shortly.”
That was on June 11, as VMC stock traded at $109. As of June 23, VMC is now up to $120. If Trump can successfully push the infrastructure program through, I strongly believe VMC stock could hit my initial price target of $148 a share.
After all, the U.S. will need plenty of aggregates and concrete to repair bridges and roads that are literally crumbling below our feet.
Editor's Note: Click here to keep reading.
VIDEO: The electric car battery demo breaking the Internet
Dear Reader,
A new type of battery is taking the Internet by storm.
Click here to see it in action.
When you see what it can do you might not believe what you are seeing is real.
Insiders are calling a “paradigm shift” in energy technology…
A “forever battery” that will usher in the next great energy revolution.
Even going so far as to call it the “Jesus Battery” because the properties it exhibits are so miraculous.
Forbes calls it simply, “The battery that could change the world.”
Already, the world’s biggest auto makers are inking blockbuster deals to get this new type of battery into their fleets as soon as possible—General Motors… Ford… Toyota… BMW… Volkswagen… Honda… Mitsubishi… Mercedes… Nissan… Hyundai… Audi… and Porsche…
Even leading oil corporations like BP and Exxon are bracing for the impact it’s about to have on society and are now making huge investments.
What is this new battery exactly, and what is it capable of?
Matt McCall
Editor, Matt McCall’s Investment Opportunities
P.S. Right now the world’s most influential businessmen are storming this red-hot technology right now, while it’s still in its infant stages: Microsoft Founder Bill Gates, Amazon founder Jeff Bezos, China’s richest man and Alibaba founder Jack Ma, and Facebook founders Mark Zuckerberg & Dustin Moskovitz just to name a few. Click here for the full story.
