3 Recession-Ready Stocks to Buy Right Now
On Monday, all three major stock indices declined more than 1.5% to mark one of the biggest losses in the last two months. Fears over a shaky U.S. economy, an uncertain election, stalemated stimulus negotiations, and a new one-day record high number of U.S. COVID-19 cases on Friday are putting pressure on the markets. Although the stock market can go down in the short term, sometimes significantly, long-term investors who are net buyers of stocks can benefit from a sell-off.
Recession-ready companies can provide a risk-averse way of investing when others are fearful. Although not completely immune to a recession, Clorox (NYSE: CLX), Adobe Systems (NASDAQ: ADBE), and Waste Management (NYSE: WM) have strong demand for their products and services, allowing them to perform well even during a recession. Here's how.
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Source Fool.com