Worried About a Recession? Buy This Stock.
After the coronavirus first hit the U.S. in the spring of 2020, sending the stock market into a tailspin, the Federal Reserve implemented major stimulus efforts to boost the economy. Although it worked, we're now seeing skyrocketing inflation that needs to be tamed. The planned solution, raising interest rates during the course of 2022, can seriously slow down economic growth and potentially put the U.S. in a recession.
If this scenario scares you, you might want to look at this unstoppable brick-and-mortar retail stock to protect your portfolio and peace of mind. Its share price has increased 134% over the past five years.
Selling car batteries, brakes, and windshield wipers, among a broad assortment of other products, is what O'Reilly Automotive (NASDAQ: ORLY) does exceptionally well. The business is able to serve both do-it-yourself mechanics and professionals with its domestic footprint of 5,811 stores. While the company might seem boring, it can be a solid addition to your portfolio in uncertain times like these.
Source Fool.com
