1 Recession-Resistant Stock Down 88% That Could Soar
A recession is starting to look like a possibility. Decades-high inflation is putting a strain on household budgets, housing costs are still setting records, and consumer confidence is plunging. The steep sell-off in stocks and bonds isn't helping, either.
When you think about industries that have a good chance of holding their own during a recession, apparel probably doesn't come to mind. Consumers can easily trade down for less expensive items, stretch out the lifespan of their existing wardrobe, and stick to buying only the essentials when necessary. It's easy to slash spending on apparel when times are tough.
One way a company can do well during a recession is to pitch itself as a money-saving alternative. Another way is to provide a method for consumers to generate some extra cash. Apparel resale marketplace Poshmark (NASDAQ: POSH) does both. While there are no guarantees, Poshmark may do far better during a recession than the market seems to think.
Source Fool.com
