1 Resilient Stock to Help Bolster Your Portfolio Through Any Market
The last time the stock market posted an annual value drop two years in a row was in 2002, when it fell for the third consecutive year. Back-to-back annual losses have happened only three other times since the Great Depression in 1929, making them a real rarity.
Are we on track for that to happen again? The S&P 500 lost most of its year-to-date gains last weekend, but it's already climbing back, up 3% year-to-date as of this writing. Many individual stocks that were soaring this year have retained most of their gains. Investors are still tentatively confident.
The market experiences upheaval from time to time, and ups and downs every day, making it crucial for investors to have some stocks in their portfolios that provide resilience and security in any market. Costco Wholesale (NASDAQ: COST) is a great example.
Source Fool.com
