Peter Lynch is a legend in himself and if one goes by his advise than one should classify the stock picks in categories such as laggards (slow growers), stalwarts (he medium growers), fast growers, cyclicals, turnarounds and asset plays.

As per his advice cyclicals make sense for investment as one gets an to make decent returns; however one has to be attuned to the market. One has to go an extra mile to perform the homework. Do stay away from those stocks which are subject to a number of cycles. We can understand above fact with an example that an industry is subject to a number of cycles which can range from cyclical movements in crude oil, differentials between light and heavy crude, natural gas, refining margins of various oil products and petrochemical margins.
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