Jul 10, 2021 (StockMarket.com via COMTEX) -- Do You Have These Top Cyclical Stocks On Your Watchlist This Upcoming Week?
As we approach the end of the trading week, investors could be keeping a close eye on the U.S. economy. Because of this, cyclical stocks could be in focus in the stock market today. Given the noticeable dip in the 10-year treasury yield yesterday, investor concerns over the current growth trends are not unwarranted. However, the benchmark figure bounced above the 1.34% line earlier today. Some would argue that this means that cyclical-based plays could still be viable in the current market. Evidently, even Morgan Stanley's ( NYSE: MS ) Chief Investment Officer, Lisa Shalett seems to believe this. She believes that fiscal stimulus, improving demographics, and a resumption of credit growth will be key factors to consider.
Now as stocks seek to recover from yesterday's losses, investors could see plenty of names trading at more affordable valuations. On one hand, companies that stand to benefit from fiscal stimulus tailwinds would be worth watching now. In this case, you have names such as Tesla ( NASDAQ: TSLA ) and Levi's ( NYSE: LEVI ) to consider. At the same time, infrastructure stocks like Nucor ( NYSE: NUE ) and Caterpillar ( NYSE: CAT ) are also viable plays now. Given President Joe Biden's recent infrastructure bill, this could be the case. All in all, the cyclical industry seems to be an interesting long-term growth play for investors now. Should you agree with this, here are five cyclical stocks to keep an eye on in the stock market now.
Best Cyclical Stocks To Buy [Or Sell] In July 2021
General Electric Company ( NYSE: GE )
Boeing Company ( NYSE: BA )
Stamps.com Inc. ( NASDAQ: STMP )
Walt Disney Company ( NYSE: DIS )
Nio Inc. ( NYSE: NIO )
General Electric Company
GE is a multinational cyclical company that is headquartered in Boston. With over 120 years of experience, the company has invented the future of the industry and continues to innovate in the health care, power, renewable energy, additive manufacturing, and aviation industry among others. GE stock currently trades at $13.16 as of Friday's closing bell and has been up by over 90% in the last year.
On Thursday, the company announced that it has been selected by European Energy as the supplier for three additional wind farms in Lithuania. The 187 megawatts project, which will use 34 GE Cypress onshore wind turbine units, will strengthen the partnership between both companies. European Energy will operate 56 Cypress units in the country. As Lithuania is aiming to have 100% of its electricity come from renewable sources by 2050, GE could be primed for growth in the region. All things considered, will you consider buying GE stock in the stock market today ?
Boeing is a leader in the aviation, aerospace, and defense technology industries, supporting airlines and U.S. and allied government customers in more than 150 countries. Its technology and products include communication systems, satellites, defense systems, and commercial aircraft. BA stock currently trades at $239.59 as of Friday's closing bell. This past Thursday, Chinese aviation officials expressed willingness to conduct flight tests on Boeing's 737 MAX, potentially paving for the fastest-selling jet's return in China.
Deals of a validation flight are still being worked out and the company plans to send a team of pilots and engineers to meet the officials in late July. In late June, the company also announced that United Airlines ( NYSE: UAL ) ordered an additional 200 737 MAX jets. This includes 150 for the largest member of the family, the 727-10, and 50 for the airplane that serves the heart of the single-aisle market, the 737-8. Given the excitement surrounding Boeing, is BA stock worth adding to your portfolio?