2 Stocks Continously Show They Are Safe Bets
Are you looking for a safe place to invest right now? A good strategy for investors is to buy shares of large businesses that provide customers with essential products and services. These are the types of businesses that can prove to be solid investments even amid inflation and a possible recession.
Both UnitedHealth Group (NYSE: UNH) and PepsiCo (NASDAQ: PEP) fall into those categories. And their resilience is evident in their recently released quarterly reports.
Earlier this month, UnitedHealth released its second-quarter earnings. For the period ended June 30, the company's revenue totaled $80.3 billion and rose 13% year over year. Analysts were expecting $79.7 billion in sales. On the bottom line, the beat was even better; UnitedHealth's profit of just under $5.1 billion was better than Wall Street estimates of $4.27 billion.
Source Fool.com
