Wall Street’s focus as of late has been President Joe Biden’s proposed $2.3 trillion infrastructure package, which could change our transportation system in a big way — to the tune of $620 billion.
That’s a lot of change, folks…
Another part of Biden’s plan is to spend $300 billion on manufacturing, including affordable housing.
So while the overall stock market appears to be slightly overbought and pulling back, I see strong opportunities in low-risk industrial stocks that have been rising since Biden first announced his plan.
And I think this pullback opportunity is a good time to jump on these industrial plays…
While the companies I discuss in today’s video aren’t high-flying tech stocks like Amazon, they do offer far less volatility and risk during periods when the market is looking for directional bias, or trying to find its way back to non-fragmented value.
So again, these low-risk industrial stocks aren’t the most sexy or exciting names. But they happen to be in the right place for extended growth at the right time.
The first low-risk industrial stock to target is Cleveland-Cliffs Inc. (NYSE: CLF).
CLF is the largest flat-rolled steel maker in America. The company specializes in the mining, separating and molding of iron ore, along with steelmaking, including stamping and tooling.
And Biden’s infrastructure plan will considerably increase demand for commodities like steel and iron ore. That’s CLF’s specialty!
Its one-year return is almost 350%. And it trades on the Russell 2000 so it has a ton of upside potential left because the company is only worth $8 billion.
But CLF isn’t the only low-risk industrial stock that has me excited…
You’re going to want to check out today’s short video because the next low-risk industrial stock is actually one I mentioned in this video. I have a price target of $340 per share over the next quarter if momentum continues.
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