Switch into cyclical stocks

Investors should snap up bargains in the forgotten cyclical sectors, says professional stock picker Duncan Stratford. Here, he tips three such shares to buy now.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: Duncan Stratford, investment director, Canaccord Genuity Wealth Management.

Until recently, investors had been stampeding towards the higher-yielding areas of the stock market, pursuing both the attractive income on offer and the perceived lower risk. But that is changing. Investors would fare better in the under-appreciated cyclical sectors, including technology, industrials and consumer services, which have been rather left behind in the stock market rally.

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Duncan Stratford is investment director at Canaccord Genuity Wealth Management.