2 Safe Stocks to Buy in This Bear Market
A bear market officially got underway this month as the S&P 500 continued to fall in value. Down by 23% since January, the index has been under consistent pressure this year as multiple factors (inflation, interest rate increases, the war in Ukraine) have been making investors nervous about the future of the economy.
Although the near term looks challenging for many businesses, there are some great stocks to buy and hold for the long term. Both drugmaker AstraZeneca (NASDAQ: AZN) and tech giant Apple (NASDAQ: AAPL) are in good shape to weather the current conditions and generate strong results for investors from here on out.
AstraZeneca is a top oncology company, and that can make it a relatively resilient business to invest in today. Cancer care is ongoing and doesn't stop for a recession or inflation.
Source Fool.com
