3 Great Stocks to Buy If a Recession Is On the Way

Is a recession coming? Ark Invest CEO Cathie Wood thinks that one has already arrived. Economists surveyed by The Wall Street Journal put the odds of a recession over the next 12 months at 44%. Federal Reserve chairman Jerome Powell recently said that a recession is "a possibility," although the Fed is trying to avoid causing one with its interest rate hikes.

Perhaps the best answer as to whether or not a recession is coming is... definitely maybe. The good news is that investors can be prepared. Here are three great stocks to buy if a recession is on the way (listed in alphabetical order).

What kinds of stocks hold up well during a recession? You can put those with steady and dependable revenue high on the list. Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) is such a stock.

Source Fool.com