3 No-Brainer Stocks to Buy in a Correction
While the S&P 500 has rebounded by 10% since its 2022 lows, it remains futile to predict if the market's correction is over. However, investors can take advantage of these relatively lower valuations and target "recession-proof" businesses poised to thrive regardless of economic conditions.
One way to shore up portfolios in trying times is to focus on historically strong stocks with steady sales growth and high profit margins. Today, we will look at three businesses that bring this stability to the forefront, making them three no-brainer stocks to add in a correction.
Home to what may be one of the most powerful income-creating machines investors have seen this century, Google's parent company, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), is built to thrive in nearly any economic climate. Growing 14% year over year for the second quarter, search generated over $40 billion in sales and was the driving force behind Alphabet's net income of $16 billion, giving it a profit margin of 23%.
Source Fool.com
