3 Stocks to Buy Ahead of the Next Market Crash
This year is proving to be an unpredictable one for the markets; 2020 has featured some of the largest single-day declines investors have seen in decades, and the S&P 500 has also hit new all-time highs. That instability makes it a good idea to prepare now for a market crash, because it could happen again -- this year.
You can protect your portfolio and minimize the impact of a crash by investing in blue-chip stocks with strong business models that are trading at modest valuations. GlaxoSmithKline (NYSE: GSK), Coca-Cola (NYSE: KO), and Verizon (NYSE: VZ) are all examples of investments you can safely hang on to right now, even if we see another steep decline. And together, they can make your portfolio stronger through diversification. Here's why each stock is a good buy today.
Healthcare is a solid industry to invest in if you're looking for stability and are worried about a crash. Top drugmaker GlaxoSmithKline makes a variety of drugs to serve many different patients, and its diverse portfolio of products makes it a stable buy. Its major pharmaceutical segments include respiratory, HIV, immuno-inflammation, and oncology, and its focus on innovation is what makes it so exciting. Currently, the U.K.-based company is working on 35 medicines in its pipeline and 15 vaccines.
Source Fool.com
