Stocks described as countercyclical tend to continue to maintain their value and provide regular income when the economy is slowing down or staying flat.
Companies whose stocks fit into this category are those whose products are always in demand, such as food or utilities. They may also be companies whose services reduce the expenses of other companies, such as providers of temporary office help.
Or they could be financial services companies that specialize in cash equivalent or other stable value investments. By including some countercyclical stocks in your equity portfolio, you can balance the potential volatility of cyclical investments.