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The market continues to sway back and forth on the TSX today. Many companies have received a boost in share price, only to fall back as investors take their earnings. Yet there is potentially one area that will continue to see a climb, and that’s industrials.
Why industrials?
Industrial stocks are some of the best investments to make during an economic downturn. Yet not every industrial stock is created equal. Some are considered quite cyclical during these times, so it’s important to consider companies that provide the perfect pairing to an economic downturn.
This would include industrial stocks with exposure to essential goods that are provided even during recessions. These would be companies such as steel companies or those that make replacement parts for machinery. These might see a dip in sales but aren’t going to experience a total collapse.
Furthermore, industrial stocks in many cases are…
