Market Overview

Jim Cramer's 2 Picks For Trump's Infrastructure Project

Share:
Jim Cramer's 2 Picks For Trump's Infrastructure Project

Despite being struck with a major defeat in healthcare, President Donald Trump remains dedicated toward overseeing a major infrastructure initiative as soon as this year. As such, investors are looking to capitalize on companies that will benefit from what could be an injection of $1 trillion in infrastructure projects over the coming decade.

CNBC's Jim Cramer offered two stocks for investors to consider during Friday's "Squawk on the Street" segment.

Marin Marietta Materials And Nucor

Shares of Martin Marietta Materials, Inc. (NYSE: MLM) were trading higher by more than 3 percent on Friday, likely as a result of Cramer naming the supplier of crushed stone, sand, and gravel as a suitable infrastructure play. Cramer's other pick, Nucor Corporation (NYSE: NUE) was trading lower by around 0.50 percent on Friday.

Cramer explained that Martin Marietta is an obvious materials & aggregate play, and many infrastructure projects would need to use the company's products.

Although not similar to Marin Marietta, Cramer emphasized the fact that Nucor invested billions of dollars in its business over the years which makes it a "very in-expensive stock to own."

Cramer also recommended investors remain cautious on Caterpillar Inc. (NYSE: CAT) after the company was subject to an accounting investigation. Also, the stock is "heavily shorted" although at the end of the day Caterpillar remains a "great American company" and has strong prospects in China.

Related Links:

Intelligent Infrastructure Index Emphasizes The Technology Side Of Connected Infrastructure Projects

Infrastructure Pro Explains What Needs To Be Fixed And How To Pay For The Project
_____
Image Credit: By White House (YouTube: 3/18/17: Weekly Address) [Public domain], via Wikimedia Commons

Posted-In: Caterpillar CNBC CNBC Donald TrumpPolitics Topics Media General

 

Related Articles (CAT + MLM)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

General Electric's Fundamentals Glass Viewed As Less Than Half Full

Mid-Afternoon Market Update: Dow Drops 50 Points; TRC Companies Shares Spike Higher