3 Recession-Resistant Stocks to Buy Now
Recession resistance can come in many forms. Sometimes this advantage is derived from the industry a business operates in. Southern Company (NYSE: SO) is a regulated electric utility, and Essential Utilities (NYSE: WTRG) is a regulated water utility. Utilities benefit from higher resource consumption, which can come from economic growth and population increases. But utilities aren't nearly as vulnerable to the economic cycle as most industries.
Recession resistance can also come in the specific niche a company has in a given sector. Like utilities, healthcare is an inherently safe sector no matter the market cycle. Intuitive Surgical (NASDAQ: ISRG) takes that safety a step further with its wide moat and growth potential.
Here's why all three safe stocks are worth buying now.
Source Fool.com
