Bear Markets and Recessions Are No Match for These 3 Top Stocks
The S&P 500 index has been pushed into bear-market territory and now trades down roughly 21% year to date. Unfortunately, it's not just a matter of wavering investor confidence. The actual economy has weakened as well.
U.S. gross domestic product (GDP) unexpectedly fell 1.6% in this year's first quarter, and recently released data modeling from the Atlanta Federal Reserve estimates that the country's GDP contracted 1% in the recently completed second quarter. If so, that means the economy will have notched two consecutive quarters in decline and likely have entered a recession.
As such, the stock market may continue to struggle in the near term. However, a panel of Fool.com contributors has identified three investment candidates that are positioned to thrive in tough conditions. Read on to see why they think these stocks will deliver gains for your portfolio.
Source Fool.com
