Fed Rate Cuts to Spur Growth in 2024; Industrial Stocks Poised to Benefit

The Fed has stabilized the U.S. economy and inflation, averting recession in 2024 but global growth is slowing.

Slashing interest rates in 2024 should boost economic prospects.

Enphase Energy stock plunged 50% in 2023 but its EPS is expected to grow nearly 11% annually over 5 years.

Prologis stock is up 17% in 2023 but its profit margins dropped last quarter due to economic headwinds.

Analysts expect Prologis's revenue and EPS to improve by 13% and 16% respectively in Q1 2024 as rates fall.