Why This Cheap High-Yield Stock Is a Top Recession Pick
Recessions are never ideal, but they've happened repeatedly and will likely continue. As investors, you shouldn't necessarily change your investment strategy, but you can be mindful of which companies are more sensitive to economic turbulence than others.
If we see a recession in 2023 (some may argue we're already in one), tobacco staple Altria Group (NYSE: MO) could provide the stability you crave when times get tough. The company's business model, financials, and valuation make it a stock that might not only hold its own, but could even outrun the broader market.
Altria makes and sells smokeable tobacco products like cigarettes and cigars and oral products like chewing tobacco and nicotine pouches. The addictive properties of nicotine have made Altria a controversial but consistent company.
Source Fool.com
