3 Recession-Proof Stocks to Buy Right Now
On June 8, 2020, the National Bureau of Economic Research determined that the United States economy entered a recession in February 2020. This poses a unique risk for investors, because a weak economy means lower consumer spending and fewer profits for companies to return to their shareholders in the form of dividends and capital appreciation.
The good news is that some companies can thrive in this uncertain environment because of their consumer staple business models. Here are three such companies to buy right now.
The first pick is Dollar Tree (NASDAQ: DLTR), a discount variety store operator that serves lower-income customers. Next up is Altria (NYSE: MO), a cigarette manufacturer with resilient sales because of the habit-forming nature of its products. And finally, we have Hormel Foods (NYSE: HRL), a meat processor that can survive in good and bad times because, well, people need to eat.
Source Fool.com
