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3 Cyclical Stocks For Your April 2023 Watchlist

Cyclical stocks to watch in the stock market now.

What Are Cyclical Stocks?

For the unaware, cyclical stocks are companies that are sensitive to the ups and downs of the business cycle. These stocks tend to perform well during periods of economic expansion when consumer spending and business investment are on the rise. However, they may also experience significant declines during economic downturns or recessions, as consumers and businesses cut back on spending.

Cyclical stocks are often found in industries such as consumer discretionary, industrials, materials, and energy. Consumer discretionary stocks include companies that provide goods and services that are considered non-essential, such as retail, entertainment, and travel. Investing in cyclical stocks can be a way for investors to take advantage of the economic cycle and potentially earn higher returns.

However, they also carry a higher risk than defensive stocks, which are companies that tend to perform well regardless of economic conditions. Investors should carefully consider their risk tolerance and investment goals before investing in cyclical stocks. Having said that, let’s dive into three cyclical stocks to watch in the stock market right now.

Cyclical Stocks To Watch Right Now

Airbnb (ABNB Stock)

Leading off, Airbnb (ABNB) is an online marketplace and hospitality service that allows individuals to rent out their homes and apartments to travelers. The company operates in over 220 countries and has over 6.6 million listings worldwide as of 2022. In addition to traditional accommodations, Airbnb also offers unique experiences and activities hosted by locals.

Back in February, Airbnb announced better-than-expected Q4 2022 earnings results. In detail, the company posted earnings of $0.48 per share, along with revenue of $1.9 billion in the 4th quarter of 2022. This is versus analysts’ consensus estimates on the quarter was an EPS of $0.27, on revenue estimates of $1.9 billion. What’s more, Airbnb also notched in a 24.1% increase in revenue versus the same period, the previous year.

Since the start of 2023, shares of ABNB stock have advanced by 34.22% year-to-date. Meanwhile, as of Thursday’s closing bell, ABNB stock closed the trading day green by 1.36% at $113.95 a share.

Source: TD Ameritrade TOS

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Uber Technologies (UBER Stock)

Next, Uber Technologies (UBER) is a technology company that operates a ride-sharing platform connecting drivers with passengers. The company has expanded into other areas including food delivery (Uber Eats) and freight logistics (Uber Freight).

Meanwhile, earlier this week, Uber announced when it will release its Q1 2023 financial and operating results. In detail, the company reported that it will release its first quarter 2023 results on Tuesday, May 2, 2023, ahead of the opening of the U.S. stock market. To briefly recap, in the previous quarter, Q4 2022, UBER reported earnings of $0.29 per share, along with revenue of $8.6 billion.

Year-to-date, Uber stock has increased by 23.97% so far. While, on Thursday, shares of UBER stock finished the day up 2.78%, at $31.44 a share.

Source: TD Ameritrade TOS

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Marriott International (MAR Stock)

Finally, Marriott International (MAR) is a multinational hospitality company that operates and franchises a broad portfolio of hotels and related lodging facilities. The company operates over 30 hotel brands across over 140 countries and territories, with over 7,800 properties and more than 1.4 million rooms. Marriott’s brands include well-known names such as Ritz-Carlton, St. Regis, and W Hotels.

On Monday of this week, Marriott International announced that it will release its first quarter 2023 earnings results on May 2, 2023, at approximately 7:00 am Eastern Time (ET). The company will also host a conference call for the investment community on the same day at 8:30 am ET. During the call, the company’s executives will discuss Marriott’s financial performance and answer questions from investors. Meanwhile, last quarter Marriott notched in earnings of $1.96 per share on revenue of $5.9 billion.

In 2023 thus far, Marriott stock has gained by 12.01% year-to-date. Additionally, on Thursday, shares of MAR stock finished the day up 2.50% at $165.50 a share.

Source: TD Ameritrade TOS

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By Brett David

Brett David is a digital marketing and finance professional for nearly 10 years now and a contributing author for StockMarket.com. His passion for digital marketing and the stock market began after graduating with a B.S.B.A in business administration and finance. After completing college, he went on to becoming an entrepreneur in the marketing and finance space, which led to becoming a contributor to outlets such as ThriveGlobal.com, MarijuanaStocks.com, MarketingAgency.com and SearchEngineWatch.com.

Brett loves the ability to deliver to his readers engaging and educational content that can be easily consumed by the reader. He enjoys writing about a wide variety of companies ranging from blue-chip stocks to the undervalued small and micro cap stocks. His favorite stock market sectors today to write about are: Tech, Cannabis, Mining, Biotech, and TMT.

Brett has worked with hundreds of publicly traded companies on increasing their digital footprint and corporate outreach since 2013.

You can find Brett most of time digging through corporate filings conducting fundamental analysis or at an industry conference looking for the next big trend or company to hit the street. His digital marketing experience gives a competitive edge over other contributing authors by allowing him to see and analyze trends faster than the next person.

Brett, a South Florida native, enjoys spending time with his wife and son outdoors, and is an avid basketball and MMA fan.

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