Dealers said the gains in cyclicals
came at the expense of technologies, which rose sharply Monday pushing the Nasdaq composite to a record.
We don't think that you will see the traditional recovery of the cyclical
The median five-year rolling average net debt to EBITDA ratio for cyclical
companies remained unchanged at 1.
For the stocks of cyclical
companies to maintain leadership within the market, they will have to experience either an increase in unit volume or an increase in pricing for their products.
Though the anticipation of an economic upturn has caused cyclical
stock values to rise during the first two months of this year, historically, for cyclicals
to outperform growth stocks on a year-over- year basis, we have to experience rising inflation," Lewis said.
While it makes sense to have some cyclical
exposure in a portfolio, subscribers should not be too eager to take advantage of the minor pullbacks seen in many richly valued cyclicals
In a nutshell, economically sensitive cyclicals
are the barometers of business conditions.
Investors may want to get cozy with 'comfort' cyclicals
, as the tech space has endured stretched valuations.
look expensive relative to their estimated profit-growth rate, even though the average projected profit growth for the S&P 500's industrial and materials companies is 23% this year and 30% next year.
This week's shift of Wall Street's attention from growth stocks to cyclicals
signals two phenomena that all investors should note, according to Frederick R.