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Which Stock is a Better Buy? -Breaking

by Mike Robinson

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© Reuters. Owens Corning vs. Beacon Roofing Supply : Which stock is a more profitable buy?

Owens Corning (NYSE: Beacon Roofing Supply (NASDAQ) is a leader in materials supply. We believe these Fortune 500 companies will enjoy significant growth in the long-term, thanks to the landmark infrastructure bill. Which stock is better to buy right now? Learn more. Owens Corning is a major supplier of construction and building materials based out of Toledo, Ohio. It is currently operational in 33 other countries. Beacon Roofing Supply, Inc., located in Herndon, Va., distributes roofing materials and other building products in both the United States of America and Canada. Both companies rank on the Fortune 500, with OC ranked at #413 and BECN at #420.

A landmark bill to fund infrastructure worth $1.2 trillion was passed November 15th. The bill, which contains $550 billion, is dedicated to the construction and renovation of public infrastructure across the United States. This includes roads, bridges and water systems. The infrastructure bill is hailed as a “once-in-a-lifetime” investment, with the goal of transforming the country’s existing infrastructure framework, which was recently rated C by the American Society of Civil Engineers. The demand for building materials will increase over the coming years. This means that both OC (and BECN) should experience impressive growth long-term.

BECN’s shares gained 42% over the past 12 months, while OC rose 20.6%. In terms of year-to-date performance, BECN is the clear winner, with 34.5% gains versus OC’s 18.7% returns over this period. However, BECN is down 9.5%, and OC has fallen 2.4% in the past month.

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