Cyclical stock. A cyclical stock's performance typically tracks fluctuations in the economy. Machine tool manufacturers, construction companies, as well as firms in the transportation and energy industries, are a few examples of cyclical stocks.
Because they don't follow the economic cycles, defensive stocks are also frequently referred to as non-cyclical equities. In fact, they frequently perform worse while the market is rising. Contrarily, cyclical equities tend to perform strongly when the economy is performing well. Think about upscale products and services.
An aggressive stock is a more risky investment that has the potential to yield greater returns than more cautious equities, but also greater downside risk.
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