These 3 Tech Stocks Have Survived Even the Worst Recessions. Are They Buys?
You may have heard the word "recession" more than once in your water cooler talk at work. It's not a coincidence. A January poll of economists estimated that there is a 61% chance that the United States will enter a recession in 2023. That doesn't mean it's a certainty, but it's something investors should prepare their portfolios for now.
More-speculative companies can struggle in a recession when consumers spend less and capital is harder to access, especially for technology stocks. So instead it's best to look at battle-tested businesses. Here's a look at three that have survived severe recessions already -- and whether they are worth buying today.
Amazon (NASDAQ: AMZN) has endured every significant market crash since it was founded in the late 1990s. Most people know Amazon for its massive e-commerce business -- over a third of all online shopping goes through it. But its cloud segment, Amazon Web Services, is also crucial. It's the world's largest cloud platform and generates most of the company's operating profits.
Source Fool.com
