5 Best Cyclical Stocks to Buy Now

In this piece, we will take a look at the five best cyclical stocks to buy now. For more stocks, head on over to 15 Best Cyclical Stocks to Buy Now.

5. General Motors Company (NYSE:GM)

Number of Hedge Fund Investors In Q4 2022: 80

General Motors Company (NYSE:GM) is one the largest automakers in the world. The firm is headquartered in Detroit, Michigan and it makes and sells a variety of vehicles such as cars and sports utility vehicles. General Motors Company (NYSE:GM) is also one of the oldest carmakers in the world since it was set up in 1908.

Insider Monkey profiled 943 hedge fund portfolios and found out that 80 had bought the company’s shares in Q4 2022. Diamond Hill Capital mentioned the firm in its Q3 2022 investor letter as it shared that:

Most recently, we initiated a position in General Motors Company (NYSE:GM), one of the largest automakers in the United States. Over the past several years, GM has taken the steps necessary to focus the company on the most profitable segments and move into a position to compete in an electrified and autonomous world. With the recent rise in interest rates, there was a meaningful selloff in the auto industry, which presented us an attractive entry point to a name we know well.