10:25 AM EDT, 04/01/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

The sector has experienced an improvement in absolute and relative price performance due to the expectation that interest rate cuts, as well as continued progress on inventory reductions, will likely be a tailwind for capital goods orders later this year, which should benefit groups such as building products, machinery, and electrical equipment. Even though 2024 sector EPS estimates are currently below that projected for the market as a whole, according to S&P Capital IQ consensus estimates, forecasts for 2025 call for EPS growth to approximate that for the S&P 500. Finally, the rolling 10-month (200-day) relative price return has recently moved from negative to neutral.