President Trump tweeted about a massive infrastructure bill today. This is a no brainer when we emerge from COVID-19 lockdown. It is something the country desperately needs and will put millions of people back to work. The government is willing to print trillions of Dollars and this is probably the best way to kill two birds with one stone; get people to work and fix a major issue in this country.
The top play for me is United States Steel Corp. (X). This stock is trading around $6.26, down from its 52 week high of over $20.00. When Trump imposed the tariffs on China a few years back, United States Steel Corp. was trading near $50.00. While many companies could be the recipient of business from a stimulus bill directed at infrastructure, US Steel likely has the most upside. 200% upside just gets it back near its 52 week high. Keep a close eye on out for more news on an infrastructure bill. But my guess is it will be the final stimulus at the end of this pandemic. I am a buyer/holder of US Steel.
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