According to superior analysts, good companies are not necessarily the best investments. This is because the stocks of good companies may be under- or overpriced for a certain period of investment. In order to choose the best stocks for investment, it is worthwhile for the investors to consider either growth, defensive, cyclical or speculative companies.

Required:

Evaluate the following concepts in detail:

1. Growth companies and growth stocks. (5 marks)

2. Defensive companies and defensive stocks. (8 marks)

3. Cyclical companies and cyclical stocks. (6 marks)

d. Speculative companies and speculative stocks. (6 marks)

Please do it as soon as possible,thanks!!!