Norma Group: Cyclical Stocks Rise - Purchasing Managers' Index Exceeds Expectations. Water Management Sale Offers Additional Upside for the 10 P/E Ratio Stock!
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The cyclicals are breaking free in the first trading minutes of January 24, 2024. Auto manufacturers like BMW, Mercedes, and Porsche are among the biggest winners, with gains exceeding 3%. The purchasing managers' index in Germany has a positive effect, coming in at 44.1 points, above the forecast of 42.7 but still below the expansion threshold of 50 points. However, as cyclicals are at a low point, they reward any glimmer of hope for the economy. This could lead to a breakout for the Norma Group (i) (A1H8BV), which provides connector products...
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