2 Recession-Resistant Tech Stocks to Buy Now
Concerns about a recession are top of mind for many investors, and not unreasonably so, given the macroeconomic factors at play these days. We aren't in one yet, but the National Bureau of Economic Research says a recession is a significant decline in economic activity spread across the economy, that lasts more than a few months, hits real GDP, and negatively affects income, employment, wholesale as well as retail sales, and industrial production. In 2022, the indicators are starting to line up.
For long-term investors, it's generally not useful to base an investment decision on the likelihood of a recession. Recessions happen, but they are generally short. Rather, finding companies that can thrive during good and bad economies and holding them for the long term is more in line with how they operate.
With that in mind, tech stocks like Snowflake (NYSE: SNOW) and Zscaler (NASDAQ: ZS) offer a lot of recession-resistant qualities and are worth exploring as investments. Let me explain.
Source Fool.com
