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Investor interest in the infrastructure industry is evident in the Global X U.S. Infrastructure Development ETF’s (PAVE) 7% gains over the past three months versus the SPDR S&P 500 ETF Trust’s (SPY) 4.2% returns. And infrastructure-related construction activities continue to surge with the reopening of the economy. According to a Research and Markets report, the global infrastructure construction industry is expected to witness a sharp 6.2% increase in output in 2021.
Therefore, we think it could be wise to bet now on quality infrastructure stocks Eaton Corporation plc (ETN), Tetra Tech, Inc. (TTEK), CEMEX, S.A.B. de C.V. (CX), and United States Steel Corporation (X).
