3 Stalwart Stocks That Could Be Safer Than Amazon
Amazon (NASDAQ: AMZN) may be one of the world's largest and most diversified companies, but shareholders have taken a beating in the current bear market, which has sent its shares sliding over 30% so far this year. And with inflation and fears of a recession clearly in view as strong headwinds to many consumer-oriented businesses, investors seeking shelter from the storm may need to rotate their portfolios into safer stocks if they haven't already.
In that vein, below is a trio of companies whose business models are likely to make them more resilient against the toxic cocktail of economic forces at play. What's more, all three have outperformed the market -- and Amazon -- over the past 12 months, so let's take a closer look.
Steris (NYSE: STE) makes and distributes the disinfection equipment and sterilization goods that hospitals worldwide use to protect patients from contagion, and it's a safer stock than Amazon as a result. Unlike the random knickknacks you can get delivered to your door via Amazon Prime, Steris' customers simply can't function without its products. Imagine a hospital trying to provide care without a vast supply of sterile wipes and recently disinfected instruments.
Source Fool.com
