Is UWM Holdings the Cyclical Stock for You?

Is UWM Holdings the Cyclical Stock for You?
Brent Nyitray, CFA, The Motley Fool
·4 min read

The term generally refers to companies that are highly sensitive to the economy, and it historically conjures up images of smokestack industries like steel and autos. How would this logic apply to a mortgage banker like UWM Holdings (NYSE: UWMC)? Mortgage banking is a highly cyclical business, but it isn't tied to the economy the way an industrial like Ford Motors or 3M is.