5 Genius Safe Stocks to Buy for the Second Half of 2023
What a difference six months can make. As of the closing bell on June 27, 2023, the benchmark S 500 and growth-powered Nasdaq Composite were up by 14% and 29.5%, respectively, for the year. That's a far cry from the 19% and 33% losses the S 500 and Nasdaq respectively registered last year.
Although history would suggest the phenomenal start to the new year will continue, there's no shortage of economic indicators and metrics pointing to downside for the U.S. economy and/or stock market. Playing a little defense might be investors' smartest move for the second half of the year.
What follows are five genius safe stocks -- "safe" in the sense that they're profitable, time-tested, and have the ability outperform in any economic environment -- you can confidently buy for the second half of 2023.
Source Fool.com
