3 Stocks to Add to Your Portfolio in the Market Downturn
When the stock market sinks, not all stocks sink with it. Some manage to do quite well during a downturn, whether it be because they cater to cost-conscious consumers, such as Dollar Tree (NASDAQ: DLTR), or because they operate in the recession-resistant healthcare industry, such as McKesson (NYSE: MCK). It could also be because they have built-in diversification that insulates them from a downturn, such as industrial supplier Carlisle Companies (NYSE: CSL).
All three of these companies are easily beating the S&P 500 index, which has declined roughly 25% so far this year.
Dollar Tree operates 16,231 bargain stores in 48 states and Canada under the names Dollar Tree, Family Dollar, and Dollar Tree Canada. As the name implies, it sells much of its merchandise for $1, though it has raised prices in the past year. The company's stores are meant for bargain seekers, and the company has thrived in the past during economic downturns.
Source Fool.com
