These Energy Stocks Will Thrive During a Recession
If you're invested in energy stocks but are worried about how they may affect your portfolio returns if a recession were to hit the economy, you might want to look at stocks that can not only keep their heads above water but also succeed despite a recession.
That's not to claim such energy stocks won't pull back during a recession, but the idea is to invest in stocks that could still outperform the broader market during a recession and bounce back faster afterwards. Here are three such energy stocks that fit the bill.
Companies that generate and distribute electricity and natural gas have steady, resilient, and predictable sources of cash flow, which is why they make for perfect stocks to own during a recession. Among the many publicly listed utilities, one reason I like Duke Energy (NYSE: DUK) is its dividend growth potential and a strong yield of 3.9%, which can come in really handy for investors in terms of generating passive income during a down cycle.
Source Fool.com
