3 “Strong Buy” Infrastructure Stocks Ready To Run In 2021

Earlier this month, it was reported that BHP’s South Flank iron ore’s construction project is now more than 85% complete. It is BHP’s biggest construction project. The company partnered with the Town of Port Hedland and the Pilbara Ports Authority to improve the aesthetics and amenities of the West End of Port Hedland.

The company has signed a memorandum of understanding (MOU) with China Baowu, a world leading steel producer, to share technical knowledge in the pursuit of technical knowledge regarding the need to reduce global gas emissions facing the global steel industry, .BHP has gained 15.3% year-to-date and is currently trading just 1.2% below its 52-week high.

How does BHP stack up for the POWR Ratings?

  • A for Trade Grade.
  • A for Buy & Hold Grade.
  • A for Peer Grade.
  • A for Industry Rank.
  • A for Overall POWR Rating.

The stock is also ranked #1 out of 33 stocks in the Industrial – Metals industry. BHP shares were trading at $62.93 per share on Tuesday afternoon, up $0.40 (+0.64%). Year-to-date, BHP has gained 20.74%, versus a 16.49% rise in the benchmark S&P 500 index during the same period.

Nucor Corporation (NUE)

NUE is North America’s most diversified steel and steel products company. NEU operates through three segments — steel mills, steel products, and raw materials. The steel mills segment produces and distributes sheet steel, plate steel, structural steel, and bar steel. NUE’s products are used in automotive, energy, agricultural, heavy equipment, and transportation sectors.

The company’s consolidated net sales increased 13.9% sequentially to $4.93 billion for the third quarter ended September 2020. Total steel mill shipments have increased 18% sequentially to 5,626 metric tons (in thousands). Bar steel mills total shipments have increased 4.4% year-over-year to 2,119 metric tons (in thousands), and steel mill shipments to internal customers represented 21% of total steel mill shipments. EPS increased 75.7% sequentially to $0.65.

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