$1 Trillion Infrastructure Bill Passed

The $1 trillion infrastructure bill just passed. This will benefit commodities like copper.

—$40b bridges

—$70b roads
—$11b safety
—$39b transit
—$66b Amtrak/rail
—$7.5b e-vehicle chargers
—$5b clean buses
—$17b ports
—$25b airports
—$50b water resilience
—$55b drinking water
—$65b broadband

—$65b electric grid
—$21b enviro remediation
—$73b power/clean energy

Roads and bridges: Headlining the 2,702-page bill's spending, roughly $110 billion of new funds would go toward improving the nation's roads and bridges, and investments in other major transportation programs.

Public transit: The package also includes the largest-ever federal investment in public transit, allotting $39 billion to modernize systems, improve access for the elderly and people with disabilities, and repair more than 24,000 buses, 5,000 rail cars and thousands of miles of train tracks.

Amtrak: The legislation marks the largest investment in passenger rail since the creation of Amtrak 50 years ago, with $66 billion earmarked for high-speed rail, safety improvements, Amtrak grants and to modernize the rail route connecting Washington, D.C., to Boston.

Broadband internet: Tacking on to billions authorized by last year's American Rescue Plan, the infrastructure bill includes $65 billion to bolster the country's broadband infrastructure and help ensure every American has access to high-speed internet, with one in four households expected to be eligible for a $30-per-month subsidy to pay for internet.

Electric grid: Though many clean-energy measures were cut from the bill to satisfy spending-weary lawmakers, a $65 billion investment will help upgrade the nation's electricity grid, with thousands of miles of new transmission lines and funds for environmentally friendly smart-grid technology.

Electric cars, buses and ferries: In addition to $7.5 billion for the nation's first network of electric-vehicle chargers along highway corridors, lawmakers have shored up $5 billion for zero-emission buses (including thousands of electric school buses) and $2.5 billion for ferries.

Clean drinking water: Following high-profile water-supply crises plaguing cities like Flint, Michigan, the legislation includes a provision for $55 billion to replace all the nation's lead pipes and service lines, representing the largest investment in clean drinking water ever.

Great rivers and lakes: Among the bill's $48 billion for water infrastructure improvements, about $1 billion is slated to go toward the Great Lakes Restoration Initiative, a sweeping clean-up measure targeting toxic hot spots—or areas of heavy industrial pollution—around the Great Lakes region.

Airports: More than $25 billion has been allocated to help modernize America's airports—funds the Airports Council International says will help tackle more than $115 billion worth of project backlogs.

Road safety: The deal invests $11 billion in transportation safety programs, including a new program to help states and localities reduce crashes and fatalities in their communities, particularly among cyclists and pedestrians.

Infrastructure Bill Deficits

A visualization of deficits to come. Could boost copper in 2023.

Stock Screener: Take Four: Tortoise Energy Infrastructure Corp. (TYG)

Remember my post on KYN, my post on SIMO and my post on TAICY? All have been moving higher in double digits.

Track record 3-0.Time to move on.

If I don't have any ideas anymore what to buy, I use the stock screener.

What you want to do is filter on 4 attributes: market cap, P/E, dividend yield and percentage change.

1) Market Cap: do not choose small companies as they are mostly fraudulent or don't have sustainable earnings. Don't choose big companies because these are not volatile enough to get fast profits from. I'd filter between 200 million and 4 billion.

2) P/E ratio: choose the companies with the lowest P/E ratio, these companies are dirt cheap while still having earnings. Cheap is below P/E of 5. But do not choose below P/E of 2 because those are mostly companies that are going bankrupt or have bad growth.

3) Dividend yield: always choose companies that have dividends, because these companies have real earnings and can prove they have sustainable earnings to reward investors. The higher the better of course, but don't push it above 7% as those companies probably don't have the money to pay out dividends on a regular basis. I'd go for companies with dividends between 3% and 7%.

4) Volatility: don't choose companies that are so volatile. Maximum year over year change should be between the 20% range.


We use the exact same parameters as above.

And we find that there are some candidates in the energy sector.Tortoise Energy Infrastructure Corp. (TYG) seems to be the only candidate worthy enough to buy. It has a P/E of 4.5, which means its share price will grow at least 23% per annum. With dividends of 5% I expect the share price to at least appreciate in the 10% per annum. This is not much, but I don't see any other stocks worthy to buy at this moment. The stock market is overextended in bubble territory. America is now in an oil and gas boom, so infrastructure on petroleum should be ok to invest in.

Let's keep this stock screener thing going and see if this isn't the easiest way to make money! (without even knowing what the company is doing)

I'm wondering when our gold and silver mines are going to pop up on the stock screener. But it's too early, today none are even making money yet...