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3 Industry Machinery Stocks Set to Benefit if the Infrastructure Bill is Passed

The industrial machinery industry, which bore the brunt of COVID-19-pandemic-led mandatory closures, is regaining momentum on the back of favorable government policies and the...
3 Industry Machinery Stocks Set to Benefit if the Infrastructure Bill is Passed © Reuters. 3 Industry Machinery Stocks Set to Benefit if the Infrastructure Bill is Passed

The industrial machinery industry, which bore the brunt of COVID-19-pandemic-led mandatory closures, is regaining momentum on the back of favorable government policies and the resumption in economic activities. Furthermore, if the Biden Administration's $3.5 trillion reconciliation package, which is tied to the Senate-approved $1.2 trillion infrastructure bill, is passed, the industry should benefit significantly. Specifically, we think quality industrial machinery stocks Cummins Inc . (NYSE:CMI), Nordson (NASDAQ:NDSN), and Crane Co. (CR) are among companies that are well-positioned to capitalize on the industry tailwinds. Let’s discuss.The industrial machinery sector, which had been severely impacted by global lockdown measures and supply chain constraints, has been making a strong comeback over the past few months. A resumption in economic activities, rapid vaccination programs, and supportive government policies have aided the sector’s rebound. The global industrial machinery market is expected to reach $835.34 billion by 2026, registering a 3.6% CAGR.

Following the Senate's passage of a $1.2 trilling infrastructure bill last month, Democrats are pushing a $3.5 trillion budget reconciliation bill. House Speaker Nancy Pelosi has insisted that the infrastructure bill would not be voted on until the Senate passed the $3.5 trillion spending plan. If this bill is passed, the overall spending on infrastructure should propel the growth of the industrial machinery market.

So, we think it could be wise to bet on industrial machinery stocks Cummins Inc. (CMI), Nordson Corporation (NDSN), and Crane Co. (CR). These stocks are well-positioned to benefit from the approval of the infrastructure bill and deliver solid returns in the near term.

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22-09-2021 09:10:58 (UTC+7)

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EUR/USD

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AUD/USD

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US Coffee C Futures

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FTSE 100

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24,221.54

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US Small Cap 2000

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IBEX 35

8,756.00

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BASF SE NA O.N.

62.280

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Bayer AG NA

45.70

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Allianz SE VNA O.N.

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Adidas AG

281.90

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Deutsche Lufthansa AG

8.377

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Siemens AG Class N

145.32

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Deutsche Bank AG

10.095

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 EUR/USD1.1728Neutral
 GBP/USD1.3664↑ Sell
 USD/JPY109.36↑ Sell
 AUD/USD0.7249↑ Sell
 USD/CAD1.2795↑ Buy
 EUR/JPY128.25Neutral
 EUR/CHF1.0834↑ Sell
 Gold1,778.00↑ Buy
 Silver22.735↑ Buy
 Copper4.2170↑ Buy
 Crude Oil WTI71.06↑ Sell
 Brent Oil74.84↑ Sell
 Natural Gas4.829↑ Sell
 US Coffee C183.70↑ Buy
 Euro Stoxx 504,097.51↑ Buy
 S&P 5004,354.18↑ Sell
 DAX15,348.53↑ Buy
 FTSE 1006,980.98↑ Buy
 Hang Seng24,221.54Neutral
 Small Cap 20002,190.36↑ Sell
 IBEX 358,756.00Neutral
 BASF62.280↑ Sell
 Bayer45.70↑ Buy
 Allianz187.45↑ Buy
 Adidas281.90↑ Sell
 Lufthansa8.377↑ Sell
 Siemens AG145.32↑ Sell
 Deutsche Bank AG10.095Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,710
(10/ 10) # 816
SJC HCM5,650/ 5,715
(5/ 5) # 820
SJC Hanoi5,650/ 5,717
(5/ 5) # 822
SJC Danang5,650/ 5,717
(5/ 5) # 822
SJC Nhatrang5,650/ 5,717
(5/ 5) # 822
SJC Cantho5,650/ 5,717
(5/ 5) # 822
Cập nhật 22-09-2021 09:11:00
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Cập nhật lúc 09:07:46 22/09/2021
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