The House has passed the $1.9 trillion stimulus plan following last minute changes added during the Senate vote. The bill now heads to President Biden, who is expected to sign it into law Friday, according to White House press secretary Jen Psaki.
The package was passed in a party line vote via budget reconciliation as Republicans questioned the need for a broad spending bill.
Among other measures, the bill includes $1,400 stimulus checks for most Americans.
But how have consumers spent previous rounds of stimulus and which stocks are benefitting?
Real Money contributor and Chief Investment Officer of Tematica Research, Chris Versace, breaks down why he's keeping a close eye on Amazon (AMZN) - Get Amazon.com, Inc. Report, Walmart (WMT) - Get Walmart Inc. Report and UPS undefined in the video above.
Versace joined Real Money’s Bob Lang and Action Alerts PLUS’s Jeff Marks as part of TheStreet's Investing in a Biden Presidency: The First 100 Days. Our premium experts break down everything investors need to know about the incoming Biden administration. Watch the full conversation here.