These 3 Stocks Could Be Lifelines for Your Portfolio in a Recession
There's been a fair amount of chatter lately among pundits and experts that the global economy may be on course to sidestep the recession some had feared would result from central banks' inflation-fighting efforts, and instead make the "soft landing" those institutions had been aiming for. The stock market is reflecting this growing optimism. The S 500 is now up 10% from last month's low and is back to 26% above last October's bottom. We may be OK after all.
It would be unwise, however, to completely dismiss the possibility of a recession, and to fail to plan for the market bearishness such events can cause. Typically, recessions are trouble for stocks -- but this trio of tickers could actually thrive on economic weakness.
Unlike most other retailers, (NYSE: WMT) isn't vulnerable to the crimped consumer spending that typically accompanies a recession. That's because more than half of its revenue comes from the sale of groceries, which people are going to purchase regardless of the economic environment.
Source Fool.com
Walmart Inc. Stock
With 52 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
Based on the current price of 54.99 € the target price of 164 € shows a potential of 198.24% for Walmart Inc. which would more than double the current price.
