The S&P 500 Industrials Sector ETF (XLI) reached 52-week lows on Friday, April 29. Brett Linzey and Steve Volkmann discuss what’s weighing on the sector and deliver their outlooks for moving forward. Jefferies’ Volkmann says he’s seen little evidence of demand destruction weighing on industrials, but companies are still reporting damages from supply chain disruptions as well as airing concerns surrounding consumer demand. Within the industrials sector, Mizuho Industrial has buy ratings for the following companies: Allegion (ALLE), Honeywell (HON), Stanley Black & Decker (SWK), and Zurn Water Solutions (ZWS).