3 Top Stocks to Recession-Proof Your Portfolio
When investors worry about a possible recession, they will often rotate out of economically sensitive stocks into sectors that are less affected by weakness. This would mean selling shares of manufacturers, banks, and luxury retailers and rotating into defensive sectors like utilities, grocery stores, and consumer nondiscretionary.
That said, defensive stocks don't necessarily have to mean stodgy consumer-products companies. Sometimes you can find opportunities in sectors generally not considered defensive, and sometimes you can find fast growers in historically defensive sectors. Here are three examples.
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Source Fool.com
