KEY POINTS
  • Several Wall Street economists think Biden's Build Back Better bill, which includes hundreds of billions of dollars in funds to fight climate change, will be a big deal for infrastructure companies.
  • "Nothing in DC is 100% sure, but I think the odds are very high, I'd say 80-90% that we get some sort of BBB," said Mike Feroli, chief U.S. economist at J.P. Morgan.
  • That could spell a banner year ahead for stocks like steelmaker Nucor or gravel maker Vulcan Materials, both of which are expected to see an uptick in sales thanks to investment in infrastructure.

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President Joe Biden makes remarks during a press conference on the grounds of National Renewable Energy Laboratory (NREL) on September 14, 2021 in Arvada, Colorado.

Wall Street economists believe some version of President Joe Biden's nearly $2 trillion Build Back Better plan will become law.

And they also think the measure, which includes hundreds of billions of dollars in funds to fight climate change, will be another big deal for the infrastructure industry on the heels of a separate, $1 trillion public works law the president signed earlier this fall.

In this article