Traffic is diverted on Foothill Road as workers place K-Rail barricades along fire areas during a winter rain storm in Ventura, California on January 9, 2018.
Monica Almeida | Reuters
As President Joe Biden’s infrastructure plans grow, so does the potential for a handful of material, construction, and machinery inventories, according to Goldman Sachs analysis.
While the broker said last week that its basket of infrastructure has made sizeable returns since it became clear that Democrats would hold majorities in both chambers of Congress, Goldman’s calculations were based on the White House coming up with a $ 2 trillion plan.
With reports that the Biden economic team is working on a $ 3 trillion proposal and gradual adoption of higher tax rates in the future, Goldman’s infrastructure efforts could be geared towards profit in the coming months.