These Stock Picks Will Benefit From More U.S. Jobs, Investments
Companies have more incentives to bring jobs back to the U.S., leading to a rise in “reshoring” announcements. The trend is likely to gain steam because of the new climate and healthcare act that President Biden signed on Tuesday, as well as the Chips Act that incentivizes domestic semiconductor production. Companies need to make more products in the U.S. to qualify for subsidies. That money adds to a list of reasons companies are bringing jobs back. Global supply-chain problems, trade wars and security concerns have made reshoring popular again. The long trend toward globalization has reversed.
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