2 Recession-Proof Stocks to Bolster Your Portfolio
The coronavirus outbreak has driven the S&P 500 down 13% year to date. However, two top-quality stocks -- one tech and one retail -- have held up in the face of the coronavirus-induced sell-off.
Microsoft (NASDAQ: MSFT) and Costco (NASDAQ: COST) are two companies that have held their own thanks to the importance of the products and services they provide. The former's wide offering of cloud services and productivity software, and the latter's supply of household essentials remain in demand despite the economic fallout from the pandemic. As such, they seem to be well-positioned to ride out the turmoil.
Let's look at why you should consider these recession-resilient stocks for your portfolio.
Source Fool.com
