It is safe to say that most of 2017 has been dominated by the U.S. tax reform bill. Almost everyday we hear a politician comment about the bill that moves the stock market. At this stage of the game, the GOP better get this bill passed. Yesterday, Alabama voted in a Democratic to the U.S. Senate and this could be a problem for the GOP if this bill does not get passed before he is sworn in. At this time, the tax reform bill is expected to be signed into law next week.
So what is next for the stock market to look forward to after tax reform? It is infrastructure, this has been promised by the administration and will likely be the next big task that is taken on by the GOP in 2018. Here is a list of possible stocks that could be in play next year if there is an infrastructure bill introduced. They are Chicago Bridge & Iron Company (NYSE:CBI), United Rentals, Inc (NYSE:URI), Martin Marietta Materials (NYSE:MLM), Cemex SAB de CV (NYSE:CX), U.S. Concrete Inc (NASDAQ:USCR), Jacobs Engineering Group Inc (NYSE:JEC), Fluor Corporation (NYSE:FLR), Vulcan Materials Company (NYSE:VMC) and Caterpillar Inc (NYSE:CAT). Traders should be watching the charts of these stocks closely as they will often give us the pattern formation when the infrastructure debate will take place in the United States.
Nicholas Santiago
InTheMoneyStocks
