This Overlooked Stock Can Thrive in Any Economy
Nobody likes a recession, but it happens, and one could be coming. The Federal Reserve is raising the federal funds rate to combat inflation and forecasting slowing economic growth and rising unemployment over the coming months.
Alcohol giant Diageo (NYSE: DEO) can be an excellent haven for investors looking for companies built to withstand tough times. Here is what makes Diageo such a durable business and what investors can expect from this overlooked giant moving forward.
Diageo is a conglomerate, so consumers might not be familiar with the company. However, they likely know many of the 200 alcohol brands it owns, including Captain Morgan, Smirnoff, Johnnie Walker, Crown Royal, Guinness, Bailey's, and many others.
Source Fool.com
