The COVID-19 pandemic has had a major impact on businesses around the world and the U.S. is no exception. In order to help businesses survive during this difficult time, the government is offering bonus depreciation, which allows companies to deduct capital investments from their taxable income more quickly, further reducing the cost of investment. This has had a major impact on businesses, spurring investment in new equipment and creating more jobs.
Last year, businesses spent nearly $21 billion in capital investments, a five-year high, and this trend is expected to continue. Vacuum and abatement equipment in the semiconductor industry alone spurred nearly $212 million in capital investments and created more than 340 jobs.
An important source of capital investments for businesses is the 13F report, which details which stocks were in a guru's equity portfolio at the end of the quarter. Investors should note that these filings are only a snapshot of the portfolio and should not be used as a sole source of investing advice.