On CNBC "Fast Money," traders spoke about stocks that could make a move on reports that the Trump administration is considering a new $1 trillion infrastructure bill.

Karen Finerman is a buyer of United Rentals, Inc. (NYSE:URI). She liked it before this news and she likes it even more now.

Tim Seymour wants to buy BHP Group (NYSE:BHP) and Rio Tinto plc ADR (NYSE:RIO). He is also a buyer of United States Steel Corporation (NYSE:X), which has a terrible balance sheet and it is a leveraged story, but it could do well in a world where the Fed is there to protect almost everybody.

Analyst: Vulcan, Martin Marietta Could Be $1T Infrastructure Spending Winners

Guy Adami thinks the infrastructure bill won't pass. He would be a seller of Caterpillar Inc. (NYSE:CAT).

Steve Grasso believes United Rentals and Caterpillar are not overbought. He also likes Terex Corporation (NYSE:TEX), but he doesn't think the bill is going to get done.