S Indexing Infrastructure Bill Beneficiaries - We Track 10 Companies' Performance

The passage of the $1.2T infrastructure bill should benefit the following 10 companies considerably and the performance of these companies are now being tracked in munKNEE's new Infrastructure Bill Beneficiaries Index.

The Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act) was passed by Congress on November 6th and signed into law by President Biden on November 15th with the objective of:

  • easing inflationary pressures and strengthening supply chains by making long overdue improvements to U.S.’s ports, airports, rail, and roads
  • expanding access to clean drinking water,
  • ensuring every American has access to high-speed internet,
  • tackling the climate crisis,
  • advancing environmental justice, 
  • investing in communities that have too often been left behind,
  • driving the creation of good-paying union jobs and
  • growing the economy sustainably and equitably so that everyone gets ahead for decades to come.

Below is a list of 10 companies that we believe will reap major benefits from the passage of the Infrastructure bill for years to come as the program unfolds. Their individual stock performances since the end of November are noted below in descending order with any major developments duly noted:

  1. Brookfield Infrastructure Corporation (BIPC): +13.6%
    • with operations spanning utilities, transportation, energy, and even data infrastructure, BIPC should benefit enormously from business generated by the infrastructure bill.
  2. Freeport-McMoRan (FCX): +10.9%
    • given that 43% of all copper mined is used in building construction, with another 20% used in transportation equipment, FCX, as one of the world's largest and best-run copper miners, should be a major benefactor.
  3. Crown Castle International (CCI): +10.6%
    • as one of America's leading wireless tower real estate investment trusts (REITs), CCI should benefit from the expansion of mobile data usage.
  4. Martin Marietta Materials (MLM): +8.3%
    • as the producer of crushed sand and gravel products, ready-mixed concrete and asphalt, and paving products and services, magnesia-based chemical products for industrial, agricultural and environmental applications, dolomitic lime for the steel and mining industries, and chemical products for use in flame retardants, wastewater treatment and assorted environmental applications, MLM should benefit considerably from the implementation of the infrastructure bill.
  5. Vulcan Materials (VMC): +7.7%
    •  as America's largest producer of construction aggregates such as crushed stone, sand and gravel, and as a major producer of asphalt and cement VMC should benefit from the passage of the infrastructure bill.
  6. Nucor (NUE): +7.5%
    • as the largest domestic steelmaker in North America, the pent-up demand from automakers and other industrial buyers and the passage of the infrastructure bill should benefit NUE considerably going forward.
  7. Caterpillar (CAT): +6.6%
    •  as the manufacturer of asphalt pavers, compactors, excavators, pipe layers, backhoes CAT will benefit from future major infrastructure projects.
  8. Eaton (ETN): +3.7%
    • as a major supplier of electrical components and systems Eaton should benefit from the integration of wind and solar farms into the national grid.
  9. Oshkosh (OSK): +2.4%
    • builds specialty trucks used in heavy construction projects as well as cement mixers, truck mounted cranes, "cherry pickers" and other hydraulic lifting systems and is well placed to meet the demand for the electrification of the federal vehicle fleet having recently won the contract to produce 165,000 new mail trucks.
  10. Deere (DE): +1.1%
    • as a major producer of earthmoving and roadbuilding and forestry equipment, DE should see an increased demand for its machinery.

On average, the 10 constituents in the munKNEE Infrastructure Bill Beneficiaries Index have appreciated by +6.3% MTD.


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