2 Best Defensive Stocks to Buy in March
Although U.S. equity markets have been ticking higher in 2023, the central bank's aggressive rate hiking policy may trigger another sharp correction in stocks. Keeping with this theme, Federal Reserve Chair Jerome Powell said Tuesday that the bank is considering raising interest rates faster and farther than previously anticipated in order to tamp down inflation.
How should stock investors prepare for a possible marketwide downturn? Defensive stocks could be a good way to protect your portfolio from downside risk. During market-wide pullbacks, companies with stable and growing free cash flows, economically insensitive business models, and rock solid balance sheets tend to outperform other asset classes.
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Source Fool.com
