It is expected that the much-anticipated bill on infrastructure will be passed. This should give an economic boost to the country and provide a catalyst for the market’s rally at the end of the year. The bill should also boost the prospects of stocks such as Reliance Steel & Aluminum Co. (RS), Olin Corporation (NYSE:), and EMCOR Group Inc. (EME).On Nov 15th, President Biden signed a bipartisan infrastructure bill for $550 billion, in addition to previously approved funds of $450 billion for five years. It is intended to modernize our national infrastructure. A bill to improve the infrastructure has been discussed for many decades. Now, it is likely that there will be many winners.

This bill would provide billions of dollars for road and bridge construction, and also upgrade passenger and freight rails. This bill should boost the U.S. economy, and it will be a major catalyst for markets. This holds true especially for the materials, utilities, and telecommunications industries. The 35% increase in the U.S. Infrastructure Development ETF’s (PAVE), this year has been a reason for investors to anticipate the bill.

There are still many upsides, as businesses can get back to work. Future earnings reports will reflect increased revenue. A search was made in our POWR Ratings Database to find stocks likely to profit from the bill. I also saw potential gains over the next few months. Based on that search, Reliance Steel & Aluminum Co. (RS), Olin Corporation (OLN), and EMCOR Group Inc. (EME) look like great options.

Continue reading on StockNews