non-cyclical stock

non-cyclical stock definition - finance
A stock whose performance is minimally affected by upward or downward movements in the economy. Companies whose stocks fall into the non-cyclical category produce, for example, food and pharmaceuticals. These are goods that people must continue purchasing, even if the economy is not doing well. See also cyclical stock.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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