The infrastructure industry is gaining traction as construction activities are rising with the reopening of the economy. Infrastructure stocks CEMEX (CX) and Vulcan (VMC) should benefit from reopening infrastructure activities. But which of these two stocks is a better buy now? Read more to find out.Infrastructural activities almost came to a standstill last year due to the COVID-19 pandemic-related restrictions. However, the sector is witnessing a solid recovery with infrastructure-related activities such as repairing roads, bridges, and ports increasing significantly with the reopening of the economy, driving the near-term growth for companies in this space.
This recovery should continue in 2022, in large part due to President Joe Biden signing a bipartisan infrastructure bill worth $550 billion on November 15th. This has many investors looking to invest in infrastructure stocks.
Two that stand to benefit are CEMEX, S.A.B. de C.V. (CX) and Vulcan Materials Company (NYSE:VMC). Headquartered in Mexico, CX produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, and clinker worldwide. VMC primarily produces and supplies construction aggregates in the U.S. It operates through four segments: Aggregates; Asphalt; Concrete; and Calcium. Today’s I’ll analyze both stocks to determine which stock is currently a better buy.