3 Resilient Stocks to Help Solidify Your Portfolio
The current stock market sell-off has been difficult to stomach. The S&P 500 is approaching bear market territory, tumbling almost 20% from its recent peak. Meanwhile, the tech-heavy NASDAQ Composite has experienced an even more ferocious downdraft of nearly 30%. There's a lot of concern that there might be more downside ahead if inflation-driven interest-rate increases plunge the economy into a recession.
Given the current market environment, many investors are looking for ways to solidify their portfolios by adding more durable businesses to the mix. Three companies that operate resilient businesses are utility Duke Energy (NYSE: DUK), real estate investment trust (REIT) Realty Income (NYSE: O), and collections company WM (NYSE: WM).
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Source Fool.com
