3 Dirt-Cheap Industrial Stocks to Catapult Higher on Lower Interest Rates

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 ...