周期股：指支付股息非常高（股价相对不会太高），并随着经济周期的盛衰而涨落的股票。这类股票多为投机性的股票。
按类别分析，机械和钢铁等周期股表现欠佳，银行股则出现获利回吐。
By sector, cyclicals such as machinery and steel underperformed while Banks met with profit taking.
我们注意到，过去的成长型股票，例如微软，成长为一只价值股的生命周期中，会失去一类投资者，转而由另一类投资者持有。
Or we note the ownership life cycle as a former growth stock such as Microsoft (MSFT, news) ages toward a value stock, losing one type of investor as it picks up another.
这个比值的范围从低于1.0的周期性股票到高于2.0的持续增长股。
This ratio ranges from less than 1.0 for cyclical stocks to above 2.0 for businesses with sustainable growth.
应用推荐