Worried About Another Crash? Buy This Stock
Every portfolio should be balanced and diversified to withstand different types of market environments. Since the start of 2020, for example, the Nasdaq Composite index has gained 47% in value, while the S&P 500 increased only 21%. After this outperformance in technology and high-growth stocks, a rotation to value and cyclical names has begun to take shape in the past month or so.
Investors can be prepared for these changing investment scenarios by holding a mix of stocks in different sectors, with different types of businesses. Such an approach can also help a company navigate through different economic cycles.
One company that is prepared to weather different economic environments is spice and seasonings producer McCormick (NYSE: MKC), and that's what makes it a good stock holding for investors worried about the next crash.
Source Fool.com
