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. 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 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. 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. 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 3/ [Public domain], via Wikimedia Commons
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