Quanta Services (NYSE:) and EMCOR Group (EME) are two of the top engineering stocks. Both sectors are poised to benefit from the infrastructure bill as well as the coming CAPEX cycle. Patrick Ryan breaks down which stock is the better buy.The House recently voted to advance President Biden’s infrastructure plans. The bipartisan bill will pour more than a trillion dollars into our nation’s infrastructure. Engineering and construction stocks will benefit as this infusion of cash circulates throughout the building/construction industry and subsequently moves through the rest of the economy.
When all is said and done, Biden’s infrastructure spending will likely prove mutually beneficial for engineering/construction stocks as well as the greater good of the United States. Though investors will certainly benefit from more reliable and safer public transportation systems, they can also use Uncle Sam’s impending spending spree as a way to expand their nest egg.
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