3 Top Pharma Stocks to Buy in a Recession
We've officially been in a recession in the U.S. since February, according to the National Bureau of Economic Research. Some pundits think that the economy will rebound quickly, and many stock traders appear to be in that camp, considering how the equities market has climbed back from its steep February-March plunge over the subsequent three months. Other experts, though, are predicting that it's going to take a lot longer for the economy to recover. They anticipate lingering high unemployment rates and the real possibility that fall will bring new waves of COVID-19 outbreaks across the country.
Regardless of how long this recession lasts, investing in big pharma stocks could be a smart move. Large drugmakers typically have significant financial flexibility to weather economic storms. They sell products that people need regardless of how the economy is performing.
But which pharma stocks are the top picks to own in a recession? Here are three that especially stand out, listed in alphabetical order.
Source Fool.com
