1 Stock That Crushed the Market During the Last Recession
The COVID-19 outbreak is already having a significant impact on the economy. As most U.S. states have implemented social distancing measures to curb the spread of the disease, many businesses are struggling to stay afloat. As a result, unemployment has soared, and many experts are already saying we've reached a full-blown recession.
For investors looking to navigate the current uncertainty -- and buy shares of companies that will help them get through these tough times -- it may be helpful to look back at which industries and which companies performed well during the last recession, which happened between December 2007 and June 2009. One such company is biotech giant Amgen (NASDAQ: AMGN).
During the heart of the last recession in 2008 -- as the stock market was sliding -- Amgen's stock was moving in the opposite direction.
Source Fool.com
