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The $1.2 Trillion Infrastructure Bill Could Lift These Stocks<blockquote>1.2 万亿美元的基础设施法案可能会提振这些股票</blockquote>

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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":806361923,"tweetId":"806361923","gmtCreate":1627633317162,"gmtModify":1631893835329,"author":{"id":4090668424010520,"idStr":"4090668424010520","authorId":4090668424010520,"authorIdStr":"4090668424010520","name":"AL77","avatar":"https://static.tigerbbs.com/aa073ea0f9836ca024149b3e4f97347c","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":12,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Good</body></html>","htmlText":"<html><head></head><body>Good</body></html>","text":"Good","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/806361923","repostId":1196132618,"repostType":4,"repost":{"id":"1196132618","kind":"news","pubTimestamp":1627632825,"share":"https://www.laohunote.com/m/news/1196132618?lang=zh_CN&edition=full","pubTime":"2021-07-30 16:13","market":"us","language":"en","title":"The $1.2 Trillion Infrastructure Bill Could Lift These Stocks<blockquote>1.2 万亿美元的基础设施法案可能会提振这些股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196132618","media":"Barrons","summary":"A $1.2 trillion infrastructure package is inching closer to the finish line now that the Senate has ","content":"A $1.2 trillion infrastructure package is inching closer to the finish line now that the Senate has voted to begin debating the measure.<blockquote>随着参议院投票决定开始辩论该措施，1.2万亿美元的基础设施一揽子计划正在慢慢接近终点线。</blockquote> Analysts expect the Senate to pass a bill with bipartisan support next week. The House may then take up the measure.<blockquote>分析人士预计参议院下周将在两党支持下通过一项法案。然后众议院可能会采取措施。</blockquote> The bill includes $550 billion in new spending, on top of existing programs. Highlights include $73 billion for clean-energy transmission, $110 billion for roads and bridges, and $7.5 billion for electric-vehicle charging stations. Money would also be doled out for airports, water projects, broadband internet, and initiatives to combat climate-change.<blockquote>该法案包括在现有项目之外的5500亿美元的新支出。亮点包括730亿美元用于清洁能源传输，1100亿美元用于道路和桥梁，75亿美元用于电动汽车充电站。资金还将用于机场、水利工程、宽带互联网和应对气候变化的倡议。</blockquote> Passage of a bill still faces steep political hurdles.<blockquote>该法案的通过仍然面临严峻的政治障碍。</blockquote> While Senate Minority Leader Mitch McConnell (R-Kentucky) has indicated his support, the bill could be held up by Democract demands in the House to pass a $3.5 trillion budget reconciliation bill first. That won’t be easy, especially if Democrats hope to enlist Republican Senators for $1.2 trillion in infrastructure, conditioned on passing a reconciliation bill first.<blockquote>虽然参议院少数党领袖米奇·麦康奈尔（肯塔基州共和党人）表示支持，但该法案可能会受到众议院民主党人要求首先通过3.5万亿美元预算和解法案的阻碍。这并不容易，尤其是如果民主党人希望在基础设施建设方面争取共和党参议员的支持，条件是首先通过一项和解法案。</blockquote> Still, if a bill does keep moving forward, Wall Street analysts are likely to raise revenue estimates for 2022 and beyond, anticipating a steady trickle of money from federal, state, and local governments as projects win approval.<blockquote>尽管如此，如果该法案确实继续推进，华尔街分析师可能会提高 2022 年及以后的收入预期，预计随着项目获得批准，联邦、州和地方政府将源源不断地提供资金。</blockquote> So how to play it? Four companies that stand to benefit are&nbsp;Jacobs Engineering Group(ticker: J),Hubbell(HUBB),Insteel Industries(IIIN), and&nbsp;Union Pacific(UNP), according to Andrew Little, research analyst at exchange-traded-fund sponsor Global X.<blockquote>那么怎么玩呢？交易所交易基金赞助商 Global X 的研究分析师 Andrew Little 表示，将受益的四家公司是 Jacobs Engineering Group（股票代码：J）、Hubbell（HUBB）、Insteel Industries（IIIN）和 Union Pacific（UNP）。</blockquote> Jacobs is a construction company and the lead engineer on several major projects now underway, including a $1.2 billion reconstruction of the I-270 Corridor in Denver, he notes. Jacobs is also involved in renewable-energy projects and builds data centers.<blockquote>他指出，雅各布斯是一家建筑公司，也是目前正在进行的几个重大项目的首席工程师，包括耗资 12 亿美元重建丹佛 I-270 走廊。雅各布斯还参与可再生能源项目并建设数据中心。</blockquote> Hubbell manufactures electrical equipment for industrial clients, including products to improve building energy efficiency and power transmission, helping create “smart grids.”<blockquote>Hubbell 为工业客户制造电气设备，包括提高建筑能效和电力传输的产品，帮助创建 “智能电网 ”。</blockquote> Insteel manufactures steel wiring used in construction projects and water utilities, including reinforcement of piping and irrigation projects.<blockquote>Insteel生产用于建筑项目和供水设施的钢丝，包括管道加固和灌溉工程。</blockquote> Union Pacific runs one of the largest freight-rail networks in the U.S., operating in 23 western states, and would benefit from increased volume of raw materials and industrial goods.<blockquote>联合太平洋运营着美国最大的货运铁路网络之一，在西部23个州运营，并将受益于原材料和工业品数量的增加。</blockquote> Investors may be paying a steep premium for these stocks, though.<blockquote>不过，投资者可能会为这些股票支付高昂的溢价。</blockquote> Jacobs is up 26% this year and trades at 19 times next-12-month earnings, a 19% premium to its five-year average price/earnings multiple. If there’s upside, however, it could be in infrastructure—Jacobs’ “people and places” business generates $7 billion in annual revenue through modernizing public and private projects, partly to meet higher environmental standards, the company said on a recent earnings call.<blockquote>雅各布斯今年上涨了 26%，交易价格是未来 12 个月市盈率的 19 倍，比其五年平均市盈率溢价 19%。不过，如果说有什么好处的话，那可能是在基础设施方面--雅各布斯公司在最近的财报看涨期权上表示，该公司的 “人与场所 ”业务通过对公共和私人项目进行现代化改造，每年可产生 70 亿美元的收入，部分原因是为了满足更高的环境标准。</blockquote> Hubbell is up 27% this year and goes for 21 times earnings, against a five-year P/E average of 18. The company would benefit from increased spending on renewable-energy infrastructure, including solar and wind components.<blockquote>Hubbell 今年股价上涨 27%，市盈率为 21 倍，而五年平均市盈率为 18 倍。该公司将受益于可再生能源基础设施（包括太阳能和风能组件）支出的增加。</blockquote> Insteel has gained 75% this year, though it still trades at a modest 13 times earnings. The company is facing supply constraints and logistics issues, though an infrastructure bill would be a benefit, Insteel recently told analysts.<blockquote>Insteel 今年上涨了 75%，尽管其市盈率仍为 13 倍。Insteel 最近告诉分析师，尽管基础设施法案将是一个好处，但该公司正面临供应限制和物流问题。</blockquote> Union Pacific stock is only up 5% this year and trades at 20 times earnings, above its five year P/E average of 19.<blockquote>联合太平洋公司的股价今年仅上涨了 5%，市盈率为 20 倍，高于其五年平均市盈率 19 倍。</blockquote> Freight volume has been depressed due to supply-chain disruptions, a shortage of semiconductors, and backlogs of goods waiting to be unloaded at U.S. ports.<blockquote>由于供应链中断、半导体短缺以及美国港口等待卸货的积压货物，货运量一直低迷。</blockquote> But the railroad is expecting raw materials volume to remain robust as the economy gains momentum. And Union hiked its annual dividend in May by 10% to $1.07 a share, giving it a 2% annualized yield.<blockquote>但铁路部门预计，随着经济增长势头，原材料销量将保持强劲。Union 在 5 月份将年度股息上调了 10%，至每股 1.07 美元，年化收益率为 2%。</blockquote> Other infrastructure favorites include aggregates companies&nbsp;Vulcan Materials(VMC) and&nbsp;Martin Marietta Materials(MLM), and industrial-machinery giants&nbsp;Deere(DE) and&nbsp;Caterpillar(CAT). In broadband, cell-tower companies such as&nbsp;American Tower REIT(AMT),SBA Communications(SBAC), and&nbsp;Crown Castle International(CCI) could benefit.<blockquote>其他最受欢迎的基础设施公司包括骨料公司 Vulcan Materials (VMC) 和 Martin Marietta Materials (MLM)，以及工业机械巨头Deere (DE) 和卡特彼勒 (CAT)。在宽带领域，American Tower REIT (AMT)、SBA Communications (SBAC) 和 Crown Castle International (CCI) 等手机信号塔公司可能会受益。</blockquote> Investors can also gain exposure to the theme through an ETF. Top performers in clean tech this year include&nbsp;First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index(GRID),Invesco MSCI Sustainable Future(ERTH), and&nbsp;First Trust Global Wind Energy(FAN).<blockquote>投资者还可以通过 ETF 接触该主题。今年清洁技术领域表现最佳的公司包括第一信托纳斯达克清洁边缘智能电网基础设施指数 (GRID)、景顺 MSCI 可持续未来 (ERTH) 和第一信托全球风能 (FAN)。</blockquote> AsBarron’s&nbsp;has&nbsp;noted, electric-vehicle-charger component providers, including&nbsp;Amphenol&nbsp;(APH),TE Connectivity&nbsp;(TEL), and&nbsp;Sensata Technologies Holding&nbsp;(ST), could also be winners.<blockquote>作为巴伦值得注意的是，包括安费诺 (APH)、TE Connectivity (TEL) 和森萨塔科技控股公司 (ST) 在内的电动汽车充电器组件供应商也可能成为赢家。</blockquote> The&nbsp;iShares U.S. Infrastructure&nbsp;ETF (IFRA) includes a big slug of utilities at 44% of its asset base. The ETF has done well this year, gaining 20% against a 17% return for the S&amp;P 500.<blockquote>iShares 美国基础设施 ETF (IFRA) 包括大量公用事业公司，占其资产基础的 44%。该 ETF 今年表现良好，上涨了 20%，而标普500的回报率为 17%。</blockquote> There could be more gains ahead if the infrastructure train finally leaves Union Station in Washington.<blockquote>如果基础设施列车最终离开华盛顿联合车站，未来可能会有更多收获。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The $1.2 Trillion Infrastructure Bill Could Lift These Stocks<blockquote>1.2 万亿美元的基础设施法案可能会提振这些股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe $1.2 Trillion Infrastructure Bill Could Lift These Stocks<blockquote>1.2 万亿美元的基础设施法案可能会提振这些股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarrons2021-07-30 16:13\n\n</h4>\n</header>\n<article>\nA $1.2 trillion infrastructure package is inching closer to the finish line now that the Senate has voted to begin debating the measure.<blockquote>随着参议院投票决定开始辩论该措施，1.2万亿美元的基础设施一揽子计划正在慢慢接近终点线。</blockquote> Analysts expect the Senate to pass a bill with bipartisan support next week. The House may then take up the measure.<blockquote>分析人士预计参议院下周将在两党支持下通过一项法案。然后众议院可能会采取措施。</blockquote> The bill includes $550 billion in new spending, on top of existing programs. Highlights include $73 billion for clean-energy transmission, $110 billion for roads and bridges, and $7.5 billion for electric-vehicle charging stations. Money would also be doled out for airports, water projects, broadband internet, and initiatives to combat climate-change.<blockquote>该法案包括在现有项目之外的5500亿美元的新支出。亮点包括730亿美元用于清洁能源传输，1100亿美元用于道路和桥梁，75亿美元用于电动汽车充电站。资金还将用于机场、水利工程、宽带互联网和应对气候变化的倡议。</blockquote> Passage of a bill still faces steep political hurdles.<blockquote>该法案的通过仍然面临严峻的政治障碍。</blockquote> While Senate Minority Leader Mitch McConnell (R-Kentucky) has indicated his support, the bill could be held up by Democract demands in the House to pass a $3.5 trillion budget reconciliation bill first. That won’t be easy, especially if Democrats hope to enlist Republican Senators for $1.2 trillion in infrastructure, conditioned on passing a reconciliation bill first.<blockquote>虽然参议院少数党领袖米奇·麦康奈尔（肯塔基州共和党人）表示支持，但该法案可能会受到众议院民主党人要求首先通过3.5万亿美元预算和解法案的阻碍。这并不容易，尤其是如果民主党人希望在基础设施建设方面争取共和党参议员的支持，条件是首先通过一项和解法案。</blockquote> Still, if a bill does keep moving forward, Wall Street analysts are likely to raise revenue estimates for 2022 and beyond, anticipating a steady trickle of money from federal, state, and local governments as projects win approval.<blockquote>尽管如此，如果该法案确实继续推进，华尔街分析师可能会提高 2022 年及以后的收入预期，预计随着项目获得批准，联邦、州和地方政府将源源不断地提供资金。</blockquote> So how to play it? Four companies that stand to benefit are&nbsp;Jacobs Engineering Group(ticker: J),Hubbell(HUBB),Insteel Industries(IIIN), and&nbsp;Union Pacific(UNP), according to Andrew Little, research analyst at exchange-traded-fund sponsor Global X.<blockquote>那么怎么玩呢？交易所交易基金赞助商 Global X 的研究分析师 Andrew Little 表示，将受益的四家公司是 Jacobs Engineering Group（股票代码：J）、Hubbell（HUBB）、Insteel Industries（IIIN）和 Union Pacific（UNP）。</blockquote> Jacobs is a construction company and the lead engineer on several major projects now underway, including a $1.2 billion reconstruction of the I-270 Corridor in Denver, he notes. Jacobs is also involved in renewable-energy projects and builds data centers.<blockquote>他指出，雅各布斯是一家建筑公司，也是目前正在进行的几个重大项目的首席工程师，包括耗资 12 亿美元重建丹佛 I-270 走廊。雅各布斯还参与可再生能源项目并建设数据中心。</blockquote> Hubbell manufactures electrical equipment for industrial clients, including products to improve building energy efficiency and power transmission, helping create “smart grids.”<blockquote>Hubbell 为工业客户制造电气设备，包括提高建筑能效和电力传输的产品，帮助创建 “智能电网 ”。</blockquote> Insteel manufactures steel wiring used in construction projects and water utilities, including reinforcement of piping and irrigation projects.<blockquote>Insteel生产用于建筑项目和供水设施的钢丝，包括管道加固和灌溉工程。</blockquote> Union Pacific runs one of the largest freight-rail networks in the U.S., operating in 23 western states, and would benefit from increased volume of raw materials and industrial goods.<blockquote>联合太平洋运营着美国最大的货运铁路网络之一，在西部23个州运营，并将受益于原材料和工业品数量的增加。</blockquote> Investors may be paying a steep premium for these stocks, though.<blockquote>不过，投资者可能会为这些股票支付高昂的溢价。</blockquote> Jacobs is up 26% this year and trades at 19 times next-12-month earnings, a 19% premium to its five-year average price/earnings multiple. If there’s upside, however, it could be in infrastructure—Jacobs’ “people and places” business generates $7 billion in annual revenue through modernizing public and private projects, partly to meet higher environmental standards, the company said on a recent earnings call.<blockquote>雅各布斯今年上涨了 26%，交易价格是未来 12 个月市盈率的 19 倍，比其五年平均市盈率溢价 19%。不过，如果说有什么好处的话，那可能是在基础设施方面--雅各布斯公司在最近的财报看涨期权上表示，该公司的 “人与场所 ”业务通过对公共和私人项目进行现代化改造，每年可产生 70 亿美元的收入，部分原因是为了满足更高的环境标准。</blockquote> Hubbell is up 27% this year and goes for 21 times earnings, against a five-year P/E average of 18. The company would benefit from increased spending on renewable-energy infrastructure, including solar and wind components.<blockquote>Hubbell 今年股价上涨 27%，市盈率为 21 倍，而五年平均市盈率为 18 倍。该公司将受益于可再生能源基础设施（包括太阳能和风能组件）支出的增加。</blockquote> Insteel has gained 75% this year, though it still trades at a modest 13 times earnings. The company is facing supply constraints and logistics issues, though an infrastructure bill would be a benefit, Insteel recently told analysts.<blockquote>Insteel 今年上涨了 75%，尽管其市盈率仍为 13 倍。Insteel 最近告诉分析师，尽管基础设施法案将是一个好处，但该公司正面临供应限制和物流问题。</blockquote> Union Pacific stock is only up 5% this year and trades at 20 times earnings, above its five year P/E average of 19.<blockquote>联合太平洋公司的股价今年仅上涨了 5%，市盈率为 20 倍，高于其五年平均市盈率 19 倍。</blockquote> Freight volume has been depressed due to supply-chain disruptions, a shortage of semiconductors, and backlogs of goods waiting to be unloaded at U.S. ports.<blockquote>由于供应链中断、半导体短缺以及美国港口等待卸货的积压货物，货运量一直低迷。</blockquote> But the railroad is expecting raw materials volume to remain robust as the economy gains momentum. And Union hiked its annual dividend in May by 10% to $1.07 a share, giving it a 2% annualized yield.<blockquote>但铁路部门预计，随着经济增长势头，原材料销量将保持强劲。Union 在 5 月份将年度股息上调了 10%，至每股 1.07 美元，年化收益率为 2%。</blockquote> Other infrastructure favorites include aggregates companies&nbsp;Vulcan Materials(VMC) and&nbsp;Martin Marietta Materials(MLM), and industrial-machinery giants&nbsp;Deere(DE) and&nbsp;Caterpillar(CAT). In broadband, cell-tower companies such as&nbsp;American Tower REIT(AMT),SBA Communications(SBAC), and&nbsp;Crown Castle International(CCI) could benefit.<blockquote>其他最受欢迎的基础设施公司包括骨料公司 Vulcan Materials (VMC) 和 Martin Marietta Materials (MLM)，以及工业机械巨头Deere (DE) 和卡特彼勒 (CAT)。在宽带领域，American Tower REIT (AMT)、SBA Communications (SBAC) 和 Crown Castle International (CCI) 等手机信号塔公司可能会受益。</blockquote> Investors can also gain exposure to the theme through an ETF. Top performers in clean tech this year include&nbsp;First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index(GRID),Invesco MSCI Sustainable Future(ERTH), and&nbsp;First Trust Global Wind Energy(FAN).<blockquote>投资者还可以通过 ETF 接触该主题。今年清洁技术领域表现最佳的公司包括第一信托纳斯达克清洁边缘智能电网基础设施指数 (GRID)、景顺 MSCI 可持续未来 (ERTH) 和第一信托全球风能 (FAN)。</blockquote> AsBarron’s&nbsp;has&nbsp;noted, electric-vehicle-charger component providers, including&nbsp;Amphenol&nbsp;(APH),TE Connectivity&nbsp;(TEL), and&nbsp;Sensata Technologies Holding&nbsp;(ST), could also be winners.<blockquote>作为巴伦值得注意的是，包括安费诺 (APH)、TE Connectivity (TEL) 和森萨塔科技控股公司 (ST) 在内的电动汽车充电器组件供应商也可能成为赢家。</blockquote> The&nbsp;iShares U.S. Infrastructure&nbsp;ETF (IFRA) includes a big slug of utilities at 44% of its asset base. The ETF has done well this year, gaining 20% against a 17% return for the S&amp;P 500.<blockquote>iShares 美国基础设施 ETF (IFRA) 包括大量公用事业公司，占其资产基础的 44%。该 ETF 今年表现良好，上涨了 20%，而标普500的回报率为 17%。</blockquote> There could be more gains ahead if the infrastructure train finally leaves Union Station in Washington.<blockquote>如果基础设施列车最终离开华盛顿联合车站，未来可能会有更多收获。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/infrastructure-bill-could-lift-these-stocks-51627593447?mod=hp_LATEST\">Barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/infrastructure-bill-could-lift-these-stocks-51627593447?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196132618","content_text":"A $1.2 trillion infrastructure package is inching closer to the finish line now that the Senate has voted to begin debating the measure.\nAnalysts expect the Senate to pass a bill with bipartisan support next week. The House may then take up the measure.\nThe bill includes $550 billion in new spending, on top of existing programs. Highlights include $73 billion for clean-energy transmission, $110 billion for roads and bridges, and $7.5 billion for electric-vehicle charging stations. Money would also be doled out for airports, water projects, broadband internet, and initiatives to combat climate-change.\nPassage of a bill still faces steep political hurdles.\nWhile Senate Minority Leader Mitch McConnell (R-Kentucky) has indicated his support, the bill could be held up by Democract demands in the House to pass a $3.5 trillion budget reconciliation bill first. That won’t be easy, especially if Democrats hope to enlist Republican Senators for $1.2 trillion in infrastructure, conditioned on passing a reconciliation bill first.\nStill, if a bill does keep moving forward, Wall Street analysts are likely to raise revenue estimates for 2022 and beyond, anticipating a steady trickle of money from federal, state, and local governments as projects win approval.\nSo how to play it? Four companies that stand to benefit are Jacobs Engineering Group(ticker: J),Hubbell(HUBB),Insteel Industries(IIIN), and Union Pacific(UNP), according to Andrew Little, research analyst at exchange-traded-fund sponsor Global X.\nJacobs is a construction company and the lead engineer on several major projects now underway, including a $1.2 billion reconstruction of the I-270 Corridor in Denver, he notes. Jacobs is also involved in renewable-energy projects and builds data centers.\nHubbell manufactures electrical equipment for industrial clients, including products to improve building energy efficiency and power transmission, helping create “smart grids.”\nInsteel manufactures steel wiring used in construction projects and water utilities, including reinforcement of piping and irrigation projects.\nUnion Pacific runs one of the largest freight-rail networks in the U.S., operating in 23 western states, and would benefit from increased volume of raw materials and industrial goods.\nInvestors may be paying a steep premium for these stocks, though.\nJacobs is up 26% this year and trades at 19 times next-12-month earnings, a 19% premium to its five-year average price/earnings multiple. If there’s upside, however, it could be in infrastructure—Jacobs’ “people and places” business generates $7 billion in annual revenue through modernizing public and private projects, partly to meet higher environmental standards, the company said on a recent earnings call.\nHubbell is up 27% this year and goes for 21 times earnings, against a five-year P/E average of 18. The company would benefit from increased spending on renewable-energy infrastructure, including solar and wind components.\nInsteel has gained 75% this year, though it still trades at a modest 13 times earnings. The company is facing supply constraints and logistics issues, though an infrastructure bill would be a benefit, Insteel recently told analysts.\nUnion Pacific stock is only up 5% this year and trades at 20 times earnings, above its five year P/E average of 19.\nFreight volume has been depressed due to supply-chain disruptions, a shortage of semiconductors, and backlogs of goods waiting to be unloaded at U.S. ports.\nBut the railroad is expecting raw materials volume to remain robust as the economy gains momentum. And Union hiked its annual dividend in May by 10% to $1.07 a share, giving it a 2% annualized yield.\nOther infrastructure favorites include aggregates companies Vulcan Materials(VMC) and Martin Marietta Materials(MLM), and industrial-machinery giants Deere(DE) and Caterpillar(CAT). In broadband, cell-tower companies such as American Tower REIT(AMT),SBA Communications(SBAC), and Crown Castle International(CCI) could benefit.\nInvestors can also gain exposure to the theme through an ETF. Top performers in clean tech this year include First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index(GRID),Invesco MSCI Sustainable Future(ERTH), and First Trust Global Wind Energy(FAN).\nAsBarron’s has noted, electric-vehicle-charger component providers, including Amphenol (APH),TE Connectivity (TEL), and Sensata Technologies Holding (ST), could also be winners.\nThe iShares U.S. Infrastructure ETF (IFRA) includes a big slug of utilities at 44% of its asset base. The ETF has done well this year, gaining 20% against a 17% return for the S&P 500.\nThere could be more gains ahead if the infrastructure train finally leaves Union Station in Washington.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":707,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/806361923"}