3 Stocks To Benefit From Infrastructure Package

On CNBC’s "Trading Nation," Nancy Tengler of Laffer Tengler Investments said she would like to pick individual stocks over Global X U.S. Infrastructure Development ETF PAVE, which are likely to benefit from the passage of a massive infrastructure bill.

The House of Representatives late Friday night passed a $1.2 trillion infrastructure bill in a 228-206 vote, sending the legislation to President Joe Biden for his signature.

Xylem Inc. XYL is one of the major beneficiaries of the $55 billion water spending bill, which is significant spending for water according to Tengler.

Jacobs Engineering Group Inc. J is going to benefit from the $40 billion amount that will be spent on bridges.

She also expects the infrastructure bill to benefit Martin Marietta Materials, Inc. MLM.

None of the three stocks are in the list of top 10 percentage holdings in the Infrastructure Development ETF, she added.

Price Action: Xylem shares rose 1.6% to close at $133.07 on Monday, while shares of Jacobs Engineering gained 1.7% at $144.99. Martin Marietta Materials stock climbed 3.1% to settle at $425.