Today we are going to learn about the best infrastructure stocks to buy now, based on Insider Monkey’s latest article. What is infrastructure? Well, it comprises communication, networks, transportation, water, electric systems, among others. It’s the connection among households to higher jobs, education, health care, and so on. It’s essential for everyone to be able to live a higher quality of life, and also inevitable for the economy’s growth since economy needs a stable infrastructure to maintain business strong and efficient.
According to Insider Monkey’s research, that investing in infrastructure helps creating new jobs, and the economy will swing up. Unsurprisingly, among the largest infrastructure investors, China is the largest mammoth across the world. It invested an average of 8.5 percent of GDP between 1992 to 2011 on road and rail development, and power and water installations. As of 2020, China concentrates on digital infrastructure due to the COVID-19 pandemic. This year has resulted its special and sorrowful verdict. Industries were enforced to lock down, and millions of people lost their jobs. People had to say at home under self-isolation, and digital networks were extremely overloaded. Countries, governments and companies concluded that developing and investing in digital infrastructure are essential.
And which are the best infrastructure stocks currently? Come with us, and let’s check it out together. We have picked up two companies from Insider Monkey’s list, as usual. At first, here’s Rockwell Automation, Inc (NYSE:ROK) with 44 hedge funds and the total value of hedge fund holdings is $521 million. The company operates in industrial automation and information technology. Its sales were $1,394.0 million in the second quarter of 2020, actually down 16.3 percent from $1,655.1million in the third quarter of fiscal 2019. On the third spot, Kansas City Southern (NYSE:KSU) can be found with 53 hedge funds and a total value of hedge funds of $1 billion. Kansas City Southern is headquartered in Delaware, and operates in transportation with railroad investments in the United States, Panama, and Mexico. During the second quarter of 2020, the company reported a revenue of $547.9 million. For more arresting information, please jump to the best infrastructure stocks to buy now.