2 Coronavirus-Proof Blue Chip Stocks To Watch
According to the National Bureau of Economic Research, the United States economy entered a recession in February, and many health experts fear that the coronavirus pandemic could resurge as the economy reopens. Investors can help protect their portfolios by investing in coronavirus-resistant blue-chip companies that have a track record of performing well even in uncertain times.
These two stocks that have shown themselves to be resistant to the harsh effects of a coronavirus-related economic downturn have relied on some similar qualities to maintain their growth. The first is Clorox (NYSE: CLX), a cleaning supplies manufacturer that will benefit from the increasing demand for sanitation during the pandemic. The second is Hormel Foods (NYSE: HRL), a consumer staple meat processor with a recession-proof business model.
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Source Fool.com