MILLBURN, N.J. ( Stockpickr) -- Since the Great Recession of 2008-2009, Americas have worked very hard to pay down their consumer debt levels and improve their personal balances sheets. This all occurred against a backdrop of declining employment and housing woes. Americans have in some way become frugal as well, opting to defer certain expenditures until the economy improves.
The economy has slowly begun to emerge from its static funk of the past few years. Payrolls are on the rise, and this trend is likely to continue for the next few years.
Now we could begin to see Americans making purchases that they had delayed for several years. This will create opportunities for many industrial and retail companies that will benefit from what is likely to be the next upgrade and replacement cycle.With that in mind, here are several stocks for the coming upgrade and replacement cycle.