Cyclical Stocks: What Goes Around Comes Around
Book: Beating the Street by Peter Lynch with John Rothchild | ISBN: 978-0-671-75915-5
Cyclical stocks are the ones that rise and fall with the economy. Aluminum, steel, paper, autos, chemicals, airlines. When business is booming, these companies print money. When the economy tanks, they get crushed. Back and forth, reliable as the seasons.