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
-
At times like this, it is tempting to jump on a bandwagon and buy up the growth stocks, aiming to capitalize on the broader trends. But is t...
-
In today’s near-zero interest rate environment, it’s been tough for investors looking for yield. There are many high-yielding dividend stock...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
Three high dividend stocks to buy now feature a business development company (BDC), a national real estate investment trust (REIT) and the o...
-
The research analysts at Wells Fargo have been searching the markets for the ‘right’ buys, and their picks bear a closer look. They’ve been ...
-
This past year has been the ultimate stress test for dividend stocks. Some companies failed miserably as they either slashed or suspended th...
-
Dividend stocks are a great choice for investors looking for a regular income stream. The best dividend stocks offer a growing payout in add...
-
The dividend-paying cleaning stocks to buy now amid the COVID-19 pandemic should benefit from heightened sanitary expectations by consumers ...
-
Rather than subject themselves to this risk, savvy investors can stabilize their portfolios by taking positions in reliable dividend growth ...
-
When a retiree decides to buy stock, they often start by looking at companies that pay the highest dividends. Unfortunately, those payouts a...

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