It's safe to say that much of the latter half 2017 has been dominated by the U.S. tax-reform bill. Almost everyday we hear a politician comment about the bill, which moves the stock market. At this stage of the game, the GOP better get this bill passed. On Wednesday, Alabama voted-in a Democrat to the U.S. Senate and that could be a problem for the GOP – if the bill does not get passed before he is sworn in. At this point, the tax bill is expected to be signed into law next week.
Post Tax Reform: Stocks To Watch In 2018
So what's next for the stock market to look forward to after tax reform? It's infrastructure, which is something the Trump administration campaigned on 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 an infrastructure bill is introduced. They are:
- Chicago Bridge & Iron Company (NYSE:CBI)
- United Rentals (NYSE:URI)
- Martin Marietta Materials (NYSE:MLM)
- Cemex SAB (NYSE:CX)
- U.S. Concrete (NASDAQ:USCR)
- Jacobs Engineering Group (NYSE:JEC)
- Fluor Corporation (NYSE:FLR)
- Vulcan Materials Company (NYSE:VMC)
- Caterpillar (NYSE:CAT)
Traders should be watching the charts of these stocks closely as they will often give us the pattern formation as the infrastructure debate takes place in the United States.