Considering these uncertain and volatile conditions, investors should look for stocks that pay a healthy dividend while operating a stable business that is proven to navigate recessions. The following three stocks would deliver returns even in a down market, thus reducing the likelihood that investors will be forced to sell a down position. Moreover, non-cyclical stocks such as these three tend to hold up better during recessions because their operational fundamentals are more stable.
Duke Energy (NYSE:DUK) owns and operates a utility infrastructure with 7.7 million retail energy customers and 1.6 million natural gas customers in six states. The stock outperformed the S&P 500 meaningfully in the 2008-09 Great Recession. Costco (NASDAQ:COST) is a warehouse discount retailer with a membership model that has performed well in prior recessions while offering some upside in good times. Costco's sales only declined by 1.5% in fiscal 2009, and the company was able to limit its layoffs. AbbVie (NYSE:ABBV) owns several massive-selling pharmaceutical drugs, including Humira, Botox, Venclexta, and Imbruvica. The company's heavy sales concentration in a small number of drugs is a concern, especially with Humira sales declining due to generic competition.
Source: Motley Fool
Related Articles:
3 Recession Proof Stocks to Buy Now
Posted by D4L | Monday, November 30, 2020 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
All seven equities on this list have dividend yields above 13%, but the highest one yields nearly 27%! In addition, each equity has a positi...
-
Dividend safety is especially important when stock prices are falling. Many companies cut their dividend payouts in 2020 during the coronavi...
-
Investors in retirement may desire additional income. Those who don’t have a pension are likely relying on Social Security, and their retire...
-
Dividend Aristocrats have a massive fan following among income investors, and for good reason: These are the only 65 stocks to have increase...
-
Investing in dividend-paying stocks is a good way to generate fairly reliable income. However, that strategy doesn't necessarily mean yo...
-
The four dividend-paying retail technology stocks to buy towered over the rest at a BoA Global Research Consumer & Retail Technology C...
-
Sometimes, stocks are a bargain because the company's prospects are being overlooked, and sometimes, it's just the result of a broad...
-
High yields are often found in sectors that are out of favor, which is why you can get some pretty impressive dividends from the energy sect...
-
Chasing growth is usually the right move for younger investors, but it can be a risky strategy for retirees. Generally speaking, retirees sh...
-
Of all the places to invest, there may not be a more recession-proof sector than water stocks. Consumers need access to clean water for drin...

0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.