2 Surefire Stocks That Could Make You Richer
With fears of a recession heightening on Wall Street, some might think it's best to steer clear from investing in equities. But as long-term investors know, holding shares of great companies through economic and market downturns is one of the keys to earning excellent returns in the long run.
Whether or not a recession is coming, investors can still look to the stock market to increase their wealth. Two stocks that can help them do that are Sanofi (NASDAQ: SNY) and Block (NYSE: SQ). Let's consider why.
France-based biotech Sanofi has outperformed the market in the past year despite financial results that haven't always been stellar. In the second quarter, the company's revenue declined by 1.5% year over year to almost 10 billion euros ($10.6 billion). Some of the company's products are seeing their sales decline due to generic and biosimilar competition, as well as lower demand for coronavirus medicines. However, Sanofi's overall business remains strong.
Source Fool.com
