2 Extremely Safe Stocks to Buy in 2023
According to a Bloomberg poll conducted in December, 70% of surveyed economists predicted the U.S. could enter a recession in 2023. While this forecast is far from a guarantee, it does highlight some of the near-term risks investors face from a macroeconomic perspective -- and the need to find solid investments.
That said, Dollar General (NYSE: DG) and Phillip Morris International (NYSE: PM) could thrive even in a downturn, and their safe business models could richly reward long-term investors.
Investors in search of recession-proof stocks need look no further than the tobacco industry. Because nicotine is addictive, its consumers will generally keep buying it even in a bad economy. Phillip Morris's international footprint and its pivot toward reduced-risk nicotine products give it another long-term edge.
Source Fool.com
