3 Stocks for a Rainy Day
Filling your portfolio with stable, stalwart companies when the sun is shining provides a buffer against the rainy days that are sure to befall the broad market. Clorox (NYSE: CLX), Berkshire Hathaway (NYSE: BRK-A)(BRK-B), and Johnson & Johnson (NYSE: JNJ) were identified as three stocks able to provide shelter from the storms that are sure to rain down on us. Read on to find out how they form an umbrella to help us weather the downpour.
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Demitri Kalogeropoulos (Clorox): When markets are declining, it's nice to trust that your investment income is in no danger of following indexes lower. Those cash returns provide a cushion against stock-price losses, and they also allow you to accumulate more shares in a stock that's probably become cheaper -- assuming you're taking advantage of dividend reinvestment plans.
Source: Fool.com
