2 Recession-Resilient Stocks to Drive Your Portfolio
Depending on whom you ask or what financial institution you listen to, the current odds of a U.S. recession in the near term fall roughly between 45% to 60%. The probability has been on the rise of late thanks largely to increased trade policy uncertainty and a potential slowdown in global growth due to U.S. tariffs.
That said, here are two recession-resilient stocks to keep on your radar and found in the unlikeliest of places: the auto industry.
(NYSE: RACE) is well-known for its racing heritage as well as its ultra-luxury vehicles, but it's not as well-known for its high-flying stock gains -- and that's a shame.
Source Fool.com
Ferrari NV Stock
€280.40
-2.160%
The stock is one of the favorites of our community with 25 Buy predictions and 1 Sell predictions.
As a result the target price of 475 € shows a very positive potential of 69.4% compared to the current price of 280.4 € for Ferrari NV.
