3 Dirt-Cheap Industrial Stocks to Catapult Higher on Lower Interest Rates
GTLSChart(GTLS) The Motley Fool·2024-08-27 16:28

Industrials have largely been hurt by higher rates, but with rate cuts are on the horizon, these three leaders should rise again.On Friday, Fed Chair Jay Powell gave a highly dovish speech at the Jackson Hole symposium, indicating the U.S. will see its first interest rate cuts since the onset of the COVID-19 pandemic in September.The fastest-ever increase in the federal funds rate has helped to bring inflation down, but it has come at a cost. Cyclical sectors such as industrial equipment stocks have taken i ...