1.   A report from J.P. Morgan suggests that British Airways is the first stock to buy for the cyclical upturn.

2.   Significantly, the decline resists cyclical upturns around Christmas, and has been a steady drum beat since early last year.

3.   That could mean yet another round of commercial jet production cuts before the anticipated cyclical upturn kicks in.

4.   The cyclical upturn in demand has helped, but much of the improvement comes from longer-term investment in the state.

5.   An export-driven rise in manufacturing, analysts say, could spur a moderate cyclical upturn in the economy in months ahead.

6.   But hopes for a cyclical upturn in the economy offered slight support, they added.