ab 29 January 2026 Global Research HOLT Materials Could 2026 Be a Turning Point for the Sector? Sector Overview (Pages 2-8) The Materials sector has lagged the broader market on price performance in the trailing 5 years (+60% vs +85%), driven by its weak fundamentals. However, signs of a potential recovery are emerging: CFROI revisions have turned positive, with CFROI revisions breadth now at approximately 50%, showing signs of early stabilization. Valuations remain compelling, with the sector still trading ...