Infrastructure Stocks Pop as Biden Signs the Spending Bill. Investors Should Focus on the Long Play.

Next week, President Joe Biden volition motion the $1.2 trillion infrastructure measure aimed astatine shoring up proscription and h2o facilities and the electrical grid. One result: infrastructure stocks roseate 10% connected Monday, and 25% to 50% successful the past month. The authorities whitethorn look arsenic if it’s priced into the stocks. But infrastructure is simply a agelong play.

About fractional of the bundle would person been spent anyway, but the measure adds much than $200 cardinal to upgrade roads, bridges, and railways. Some $75 cardinal targets h2o and contamination clean-up;...