Cyclical industry

Cyclical industry:
An industry, such as automobiles, whose performance is closely tied to the condition of the general economy.
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Cyclical Industry - A type of an industry that is sensitive to the business cycle, such that revenues are generally higher in periods of economic prosperity and expansion, and lower in periods of economic downturn and contraction.

See also: Business Cycle, Cyclical Industry, Emerging Industry, Growth Industry, Industry, Industry Bet, Mature Industry, Sunrise Industry
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selling one-off items (e.g. newsstand, book and CD sales etc.). There are exceptions, for example even the subscription revenues of financial information providers such as Reuters are cyclical because they are selling to a highly cyclical industry.

widow-and-orphan stock A secure, stable stock in a non-cyclical industry, usually yielding large dividends. wildcat strike An unsanctioned stoppage of work while a labor contract is still in effect.

See also: Cyclical, Expense, Convertible security, Churn, Banks