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What Are Mario Gabelli’s Top Infrastructure Plays?

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Nov. 22 2019, Updated 6:13 a.m. ET

Mario Gabelli is positive on infrastructure

Billionaire Mario Gabelli isn’t among those who are surprised that Donald Trump won the election. He had, in fact, predicted it, earlier this year. He’s bullish on the economy and sees interest rates going up.

In light of a Trump presidency, Gabelli advises investors to bet on infrastructure plays such as Mueller Industries (MLI), Vulcan Materials (VMC), United Rentals (URI), HERC Holdings (HRI), and Astec Industries (ASTE). With the US economy’s increasing need for infrastructure spending, the industrial sector should get a big boost. Investors in ETFs might want to keep a close eye on the Industrial Select Sector SPDR ETF (XLI) and the SPDR Dow Jones Industrial Average ETF (DIA). The Vanguard Industrials ETF (VIS) and the iShares Transportation Average ETF (IYT) also stand to gain.

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Gabelli expects companies associated with building roads, bridges, and inland waterways such as Mueller Industries (MLI) and Vulcan Materials (VMC) to do well in the light of the anticipated rise in infrastructure spending and construction. Consequently, companies associated with equipment rentals such as United Rentals (URI), HERC Holdings (HRI), and Astec Industries (ASTE) should see good business ahead too.

Currently, Gabelli is personally invested in MLI, VMC, and HRI. His firm is invested in all of the above-mentioned stocks. Let’s look at another sector that holds great promise according to Gabelli.

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