3 No-Brainer Stocks to Buy in a Downturn
Despite the doldrums the market has been experiencing this year, it's too early to tell if we're in a recession. Another weak quarter will help determine that outcome. In the meantime, it makes sense to be prepared for an economic downturn by buying stocks that can thrive in that environment.
Let's take a look at these three stalwarts. Healthcare giant Johnson & Johnson (NYSE: JNJ), discount merchandiser Dollar General (NYSE: DG), and storage and moving rental company Amerco (NASDAQ: UHAL) all do well in a recession because of their business structure.
Shares of Johnson & Johnson are up more than 3% over the past year, while the S&P 500 has fallen 20% in that time. The stock has proven a stalwart in tough times, because it serves the healthcare industry, which is somewhat recession proof. In addition, the company's size and diversity give it enough revenue streams so that if one area is down, another part of the business isn't.
Source Fool.com
