Heading into 2019, one thing was clear – boring stocks were finally taking flight. Thanks to a growing economy, increased global demand and lower taxes, cyclical stocks had the wind at their backs. A variety of manufacturing and economically sensitive names became star winners as the market rebounded during the first quarter.
And while lately, the markets seem to be losing steam, there’s still a chance for the cyclical manufacturing names to keep chugging along. All it may take is doing the status quo to get the job done.
For investors, the high-yielding manufacturers and other cyclical stocks could still be a big-time buy heading into the back half of the year.
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