3 Recession-Proof Stocks to Buy Now
The recent stock market meltdown, driven by the coronavirus, has fueled fears of a recession. That's not surprising, given that we've had one full decade of an incredible bull run ever since the last U.S. recession. Yet there's no knowing what can drag the U.S. economy into a downturn and, most importantly, when.
The best you can do as an investor is prepare for a recession. One way is to invest in some stocks that are recession proof, or simply strong enough to hold their footing during tough times. Three such top recession-proof stocks to consider now are Waste Connections (NYSE: WCN), NextEra Energy (NYSE: NEE), and Johnson & Johnson (NYSE: JNJ).
A solid-waste management company, Waste Connections is a solid (pardon the pun) stock to own through a recession, given that the amount of waste we generate doesn't depend on economic cycles. I believe Waste Connections is a hugely underrated company, given its phenomenal performance over the years.
Source Fool.com
