EXCLUSIVE: Expert Predicts 'Double-Digit Growth' In 2 Sectors Thanks To Major Federal Investments (CORRECTED)
Portfolio Pulse from Surbhi Jain
Michael Sayers, CFA at Rockland Trust, predicts double-digit growth in infrastructure and technology sectors due to the CHIPS Act, IRA Act, and Infrastructure Act, allocating approximately $1 trillion over the next decade. Sayers highlights significant investment opportunities in semiconductor, clean energy, and electric vehicle sectors, benefiting ETFs like SOXX, ICLN, TAN, DRIV, IDRV, KARS, and the Russell Global Infrastructure Fund (RGISX). Additionally, infrastructure and manufacturing ETFs such as PAVE, IGF, IFRA, XLI, and ITA are poised for growth, offering investors diversified exposure to these expanding sectors.
April 16, 2024 | 1:25 pm
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POSITIVE IMPACT
DRIV benefits from $150 billion allocated to EV and EV batteries, indicating a positive impact on electric vehicle investments.
The allocation for EV and EV batteries directly supports the electric vehicle sector, likely boosting the performance of companies within the DRIV ETF.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
ICLN benefits from $250 billion allocated to clean energy, indicating a positive outlook for clean energy investments.
The allocation to clean energy and power sectors suggests a significant push towards sustainable energy, positively impacting companies within the ICLN ETF.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
IDRV, focusing on self-driving and electric vehicles, is set to benefit from legislative allocations, supporting growth in the EV sector.
The focus on electric vehicles and related technologies, supported by legislative funding, positions IDRV for potential growth.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
KARS ETF is likely to see positive impacts from the $150 billion investment in EV and EV batteries, enhancing its growth prospects.
Investments in EV and EV batteries underpin the growth in the electric vehicle market, likely benefiting companies within the KARS ETF.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
SOXX, the iShares Semiconductor ETF, is positioned to benefit from the $250 billion allocation to semiconductors, indicating potential for growth.
The direct allocation of $250 billion to semiconductors underlines a strong support for the sector, likely leading to increased investments and growth in semiconductor companies included in SOXX.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
TAN, the Invesco Solar ETF, is set to gain from the $250 billion investment in clean energy, highlighting a strong growth trajectory.
Given the focus on clean energy, TAN is likely to experience growth as investments flow into solar energy, part of the broader clean energy sector.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90