Published on 29 Apr 2024 on Insider Monkey via Yahoo Finance
10 Best Construction Materials Stocks To Invest In Right Now
In this article, we discuss the 10 best construction materials stocks to invest in right now. To skip our detailed analysis, go directly to the 5 Best Construction Materials Stocks To Invest In Right Now.
After a long rally since the October lows, the market experienced a pullback in April as the S&P 500 went on a downward trajectory between April 11 and 19, declining around 4.5%. However, analysts and experts had been expecting a correction in the market after such a strong performance by the S&P for several months. On April 24, Raymond James' chief market strategist, Matt Orton told CNBC that the earnings reports from US equities are quite positive and the firm sees a broadening in the market. The analyst is optimistic about the strength of the market and believes that cyclicals provide substantial opportunities for investors.
What Does It Mean for the Materials Sector?