Show Me The Money!

Hey Influence Traders,

I hope that you’re having a fantastic start to your week.

President Biden sure is after taking it on the chin last week.

Infrastructure Bill

The President is basking in the passage of the $1.2 trillion infrastructure bill which he hopes will resuscitate his flatlining approval ratings.

The bill includes nearly $600 billion in federal aid to improve highways, bridges, dams, public transit, rail, ports, airports, water quality and broadband, and it has states clamoring over where the money should be sent. 

Initial estimates indicate that $47 billion will go towards climate resilience, which is intended to help communities prepare for projected increases in extreme fires, floods, storms and droughts.

The White House is buoyed by that political win … I’m told they’ll be sending surrogates out across the country to tout it starting today, including high-ranking members of Congress.

I’ve got a man on the ground who will be attending one such meeting, so we’ll get some inside scoop.

Spending Bill

Biden was so excited about the infrastructure bill that he immediately began pressing for the passage of his boondoggle social spending bill.

But that is going through a Congressional Budget Office (CBO) review and could take some time. It also faces an uncertain future in the Senate.

Domestic Schmomestic

Biden was so giddy on Monday that he announced that his administration was considering shutting down another domestic source of oil.

The Army Corp of Engineers has been tasked with conducting an environmental impact review on a pipeline in Michigan.

Depending on the outcome of that review, Enbridge Inc.’s Line 5 pipeline, which connects Canada to Michigan, and moves about 500,000 barrels of crude oil a day, could be slated for termination.

Who wants oil independence anyway?

Return Trip: Travel is Back

Good news for international travelers to the U.S.

Fully vaccinated travelers will once again be allowed to enter the country … if they can show proof of vaccination and a negative coronavirus test taken within three calendar days of travel.

JFK has already seen an uptick in travelers coming in, which bodes well for the travel and tourism sector, particularly in large tourist areas like NYC.

Cap Gains

My week has started out hot — some of the CAPITOL GAINS trades that Andrew Giovinazzi and I have put on made #PowerMoves.

We knew the impact that the passage of the infrastructure bill would have on certain sectors, and they popped.

As we’ve discussed, coal is not going away but it needs to get cleaner.

Direct Air Capture, which siphons carbon out of the air, is an early tech, but I like it.

Most of the leading companies are still private, but Norwegian company Aker Carbon Capture (Ticker: AKCCF) is now in the Cap Gains line-up.

Captured carbon can be buried or resold for other uses like fuel, plastics and carbonated soda For instance, Coca-Cola (Ticker: KO) is a big buyer.

Coal-fired power plants would be eligible for billions of dollars in extra tax breaks under Biden’s economic legislation if they install carbon-capture systems.

The infrastructure bill also includes a ton of money to build out a nationwide system of charging stations.

Earlier this year we looked at ChargePoint (TICKER: CHPT), but were admittedly early.

However, CHPT is one of the world’s largest suppliers of EV charging stations and will benefit from infrastructure spending — EV installations are on the rise to the tune of 500,000 locations.

DC is creating ripples in the market.

Cutting Through the Noise for You.

Frank

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