1 Infrastructure Stock You Can Buy and Hold for the Next Decade
The need to spend more on infrastructure has been at the forefront recently with a bipartisan bill slowly making its way through Congress. But even if that bill is rejected, there are many infrastructure needs that will have to be addressed. Spending for improvements and upgrades will continue as needed on the local level with or without federal support.
A federal spending bill would accelerate the process, but North America's leading steel and steel products company doesn't need that approval to continue to thrive. Nucor (NYSE: NUE) has been breaking earnings records all year, achieving a new annual earnings record after just the first six months of 2021. The company believes the strength in the business will continue for the foreseeable future and recently showed that confidence by announcing its largest new single project ever.
Nucor's Gallatin, Kentucky, steel mill continues with expansion plans. Image source: Nucor.
Source Fool.com
