Accessible version Capital Goods Compelling opportunities into H2 Industry Overview We identify four most interesting sub-sectors into 2H26 Cap Goods Q2 earnings were almost universally strong, making it hard for investors to choose between sub-sectors. We review sector EPS revisions & re/de-rating so far this year, and conclude there are four especially compelling sub-sectors for H2: (1) Electricals incl. cables (second best sub-sector YTD, but further positive revisions ahead); (2) Power (highest YTD EPS ...