Title: Top 7 Recession-Resistant Stocks to Safeguard Your Portfolio in 2024
Are you worried about the current state of the stock market? With economic indicators flashing red and high-flying tech stocks taking a hit, it might be time to shift your focus to recession-resistant stocks. In this article, we’ll discuss the top seven stocks that could help protect your portfolio during uncertain times.
1. Republic Services (RSG)
Trash collection is a stable industry, making Republic Services a solid pick for recession-proof investing. With a small dividend yield and growth potential, this stock is worth considering.
2. Johnson & Johnson (JNJ)
As a healthcare giant, Johnson & Johnson offers stability and diversification. Despite some challenges, analysts remain bullish on this stock, making it a safe harbor in turbulent times.
3. Brookfield Infrastructure Partners (BIP)
Benefiting from government subsidies and infrastructure investments, BIP is positioned for growth even in a recession. With a solid dividend yield, this stock is worth holding onto.
4. J M Smucker (SJM)
With products like snacks and pet food, J M Smucker has sticky demand that is unlikely to wane during a recession. Strong financials and dividend yield make this stock a resilient pick.
5. American Water Works (AWK)
The largest water utility company in the U.S., American Water Works offers stability and dividend growth. With a track record of resilience, this stock is a safe bet for uncertain times.
6. Mondelez International (MDLZ)
Known for its snack brands, Mondelez International has loyal customers who continue to purchase during economic downturns. With a solid dividend yield, this stock is a safe investment.
7. WEC Energy (WEC)
Providing essential services like electricity and natural gas, WEC Energy is a defensive stalwart with reliable results. With a focus on low-risk projects and dividend yield, this stock is a port in the storm for 2024.
In conclusion, investing in recession-resistant stocks can help safeguard your portfolio during turbulent times. By diversifying your investments and focusing on stable industries, you can minimize risk and protect your finances in the face of economic uncertainty.