Cramer and Lang Pick Winning Infrastructure Stocks

What do tractors, trains, concrete, steel and wireless infrastructure have in common?

Companies from those sectors were recently picked by Jim Cramer and Bob Lang as winners of the $1 trillion infrastructure spending bill being pushed by Congress.

Between Lang’s favorites are Martin Marietta Materials (MLM) – Get Report, whose daily chart showed a series of higher highs and higher lows, including a bullish W pattern. The Chaikin Money Flow and Relative Strength Index both indicated the stock had more room to run.

About real money, Lang writes, “From a market perspective, there will be plenty of winners lining up for their share of the wealth.” Learn about the stocks he’s looking for, including Caterpillar (CAT) – Get Report, Deere (BY) – Get Report and 3M (MMM) – Get Report.

Martin Marietta is a supplier of aggregates and heavy construction materials, including concrete, with operations in 26 states, Canada and the Caribbean. Martin Marietta supplies materials for roads, pavements and foundations.

Long also loved Union Pacific (UNP) – Get Report, which will benefit from rail and port upgrades across the country. He noted that stocks have been trading in a box for nearly six months, making a breakout to the upside very likely. He also noted this stock’s strong MACD (Moving Average Convergence Divergence) momentum indicator.

On a recent episode of Cramer’s Mad Money TV show, he and Lang talked about which companies benefit most from the bill. Lang is founder of ExplosiveOptions.net, an options trading service.

Cramer said the bill is a big deal because it represents more than a decade of spending on roads, bridges and other highly anticipated projects. The infrastructure bill has been passed by the US Senate and must pass in the House of Representatives before President Joe Biden can sign it into law.

Nucor (naked) – Get Report is a favorite of Cramer’s and a major beneficiary of the increased demand for steel. Lang set a price target of $150 to $175 on Nucor. The company started the year in the $50 range and traded in the $125 area this week.

Get more trading strategies and investment insights from Cramer, Lang and the other real money contributors.

Lang chose American Tower Corp., (GOVERNMENT OFFICE) – Get Report a lesser-known infrastructure stock, but one that will benefit from an increase in mobile broadband access. The company makes infrastructure for wireless technology. American Tower has been on an upward trend throughout the year.

Cramer recently added Deere to his list of infrastructure picks, noting that this stock also has a bullish chart with positive CMF and RSI readings. John Deere shares started the year below $300 and have followed an upward trajectory to over $380 a share.

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