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

Analysts expect NUE’s revenue to increase 1.2% for the quarter ending December, and 3.5% next year. The company’s EPS is expected to increase 100% for the current quarter ending December 2020, and 11.1% next year. In fact, NUE has an impressive earnings surprise history, with the company beating consensus EPS estimates in each of the trailing four quarters.

On November 13, the company signed a 15-year Virtual Power Purchase Agreement (VPPA) with EDF Renewables North America (EDFR) for 250 megawatts of new solar energy in Texas. NUE entered an asset purchase agreement to acquire the Precoat Metals Corporation’s paint line facility located in Armorel, Arkansas.

The company was recognized as a General Motors Company (GM) supplier of the year during a virtual ceremony held earlier this year. NUE has gained 26.4% in the last six months, but it is currently trading 4.7% below its 52-week high of $58.70.

NUE’s POWR Ratings reflect this promising outlook. It has an overall rating of “Strong Buy” with an “A” for Trade Grade, Buy & Hold Grade, and Industry Rank, and a “B” for Peer Grade. Among the 28 stocks in the Steel industry, it’s ranked #3.

Cemex, S.A.B. de C.V. (CX)

Based in Mexico, CX is an operating and holding company engaged primarily in the production, distribution, marketing, and sale of cement, ready-mix concrete, aggregates, clinker, and other construction materials. The Company operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East, and Africa.

CX’s net sales have increased 1.7% year-over-year to $3.4 billion for the third quarter ended September 2020. Gross profit increased 1.6% year-over-year to $1.2 billion. In Mexico, the company’s cement volumes increased 11% year-over-year. In the United States, its cement and aggregates volumes has increased 3% year-over-year, and 2% year-over-year, respectively. The volume increases were primarily driven by a pickup in residential activity and growth in the infrastructure sector.

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