3 Recession-Proof Stocks to Buy Now
There's a 100% chance the U.S. is heading into a recession within the next 12 months, according to Bloomberg's recession probability model. There's some merit in the projection, what with a whopping 30.3 million Americans filing for first-time unemployment claims since mid-March as of this writing, the majority of business institutions shut because of the COVID-19 pandemic lockdown, and oil prices crashing to historic lows.
For investors in stocks, a looming recession is a scary thought, as the stock market can fall sharply during a downturn. One way to prepare for a recession is to add some recession-proof stocks to your portfolio, or simply stocks that have the wherewithal to stand the storm. Here are three such stocks you might want to consider now.
Recession or boom, we don't usually give a second thought to the amount of trash we generate. That means any company that's into solid waste management, like Waste Connections (NYSE: WCN), is busy collecting, disposing of, and recycling waste even during a downturn.
Source Fool.com
