5 Best Stocks That Will Gain From Biden’s Job and Infrastructure Plan

1. AECOM (NYSE: ACM)

AECOM (NYSE: ACM) is a California-based American engineering firm. Since infrastructure spending forms the biggest chunk of the American Jobs Plan, the firm will stand to gain a lot from the multitude of new projects that will be initiated by the  US government if the plan is approved by Congress. The firm has over 80,000 employees and offers design, construction and engineering services across the country. It also operates an environmental and risk management department for big projects. 

The company has a market cap of close to $10 billion and posted more than $13 billion in earnings in September 2020. Last month, the firm was awarded a $2 billion US Air Force contract for infrastructure and facilities. The long-term outlook for the company looks great and with big government projects on the horizon, the stock prices could rise and offer handsome returns to investors. The company ranks 1st on our list of top 10 best stocks that will gain from Biden’s job and infrastructure plan. 

According to our database, the number of ACM’s long hedge funds positions decreased at the end of the fourth quarter of 2020. There were 37 hedge funds that hold a position in AECOM compared to 39 funds in the third quarter. The biggest stakeholder of the company is Jeffrey Smith’s Starboard Value LP, with 7.8 million shares, worth $386.9 million.

You can also take a peek at 10 Most Profitable Cash-Only Businesses To Avoid Taxes and Unknown Billionaire Phill Gross’ Top 10 Stock Picks.

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