In an article published on 2 May, I named Bodycote (LSE: BOY) as my top growth stock pick for May. Since then, the industrial services provider has been shooting up. The share price chart shows the stock has risen by around 10% and now changes hands in the ballpark of 767p (20 May). However, for investors working on a time horizon longer than a mere two or three weeks, I reckon there may be much more business progress to come. My hope is the share price will reflect strong operational gains in the coming months and years to drive a decent investment return for shareholders. One of the main reasons for my optimism about Bodycote’s prospects is that I’m bullish about the outlook for economies around the world and the UK’s in particularly. Bodycote looks well placed to benefit from resurgent industry around the world as economies recover. The firm provides thermal processing and heat treatment services for the energy, automotive, defence, aerospace and industrial sectors. However, the need for recovery follows a decline, and such cyclicality is one of the biggest long-term risks for Bodycote shareholders. Scoping back on the chart, it’s clear the stock has moved essentially sideways...