1 Top Tech Stock to Buy During a Recession
In order to curb soaring inflation, the Federal Reserve embarked on an aggressive path of raising interest rates that started in early 2022. The pace of rate hikes has been the fastest in history, and some market participants are still worried that a recession could be on the horizon, despite the resilient U.S. economy.
Unemployment is still low, inflation is cooling down, and the labor market is strong. But investors shouldn't rest on their laurels. The best course of action is to prepare for a negative scenario so that your portfolio can be properly positioned.
When looking at stocks to buy during a recession, the top priority should be financial strength. That's why (NASDAQ: AAPL) is a no-brainer portfolio addition during economic downturns. Let's take a closer look at the top FAANG stock.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 147 Buy predictions and 17 Sell predictions.
With a target price of 227 € there is a slightly positive potential of 9.61% for Apple Inc. compared to the current price of 207.1 €.
