3 Recession-Ready Stocks to Buy in April
The economic disaster being brought on by the COVID-19 pandemic continues. Initial jobless claims surged to over 6.6 million on a seasonally-adjusted basis in the last week of March, and shelter-in-place orders remain in effect to combat the further spread of the contagion. The S&P 500 front-ran the pain with a 20% decline during the first quarter of 2020, and it's possible the fallout isn't finished yet.
Thus, loading up on recession-ready stocks -- those that will stay strong during economic contraction and rebound quickly once the world starts to mend -- still isn't a bad idea. For the month of April, I'm eyeing Verizon (NYSE: VZ), Microsoft (NASDAQ: MSFT), and Alibaba (NYSE: BABA).
It goes without saying that the coronavirus outbreak will hurt most businesses, but some industries and companies were better prepared than others to handle it. Verizon could be one of those companies.
Source Fool.com
