2 Magnificent Dividend Stocks to Buy Before the Next Recession
Fears of a coming recession are probably about as high right now as they have been over the past year. That's because the U.S. Federal Reserve recently predicted an economic downturn would descend upon us later in 2023. However, this is nothing investors focused on the long game should be worried about. There have been recessions before; when the market is affected, it always recovers.
That's why instead of panicking, investors should seek to strengthen their portfolios with shares of companies that can perform relatively well in a recession and beyond. Dividend-paying stocks are excellent options in downturns since their regular payouts can help smooth out market losses.
Let's look at two great dividend stocks to consider buying before the economy worsens: Gilead Sciences (NASDAQ: GILD) and (NASDAQ: AMGN).
Source Fool.com
Amgen Inc. Stock
With 25 Buy predictions and not a single Sell prediction Amgen Inc. is an absolute favorite of our community.
However, we have a potential of -1.28% for Amgen Inc. as the target price of 304 € is below the current price of 307.95 €.
