Up to 4 trillion dollars. It is the amount with which Joe biden plans to irrigate the US infrastructures with the help of its Build Back Better plan. In Bank of America They have been attentive and have already written a report with the values that can be rubbed more hands in the heat of this ambitious reconstruction project.
The investment bank strategists have traveled to 1986 to compile, since then, the values most sensitive to this type of stimulus on Wall Street.
The vast majority belong to the industry and materials sectors, in addition to US small-caps, whose sales are highly correlated with the spending cycles of the country's government, according to Bank of America. But in what securities do we invest within these plots?
In structures we find Kinder Morgan, Intercontinental Exchange, NOV, Nasdaq and Sales. Within the technological equipment we locate Incyte, Lam Research, Centerpoint Energy, NetApp, and Applied Materials. In investment in intellectual property, Bank of America keeps Booking Holdings, Amazon, Junpier Networks and F5 Networks.
Finally, the entity's strategists have also chosen the titles that can best capitalize on 'reshoring', that is, the relocation of companies to 'return' production to its country of origin: WestRock, those already mentioned Sales and CenterPoint Energy, SVB Financial and Duke Energy.
AND THERE ARE NO SPANISH?
Ferrovial, OHL, Acciona, Iberdrola, Gestamp and ACS. These are the values that are most "played" in the US for the exposure of your business. Despite the fact that companies such as Ferrovial have acknowledged to this media that "it is still too early to assess" the Biden plan, the truth is that they are well positioned to also make cash with their pharaonic project.