3 Top Stocks to Recession-Proof Your Portfolio
Over the course of the past year, Americans have dealt with a seismic shift in their everyday lives, donning masks before leaving their homes -- or simply not leaving at all. The rising number of Americans who have received the vaccine inspire hope that the worst is behind us, but there seem to be plenty of challenges that remain.
With the unemployment rate hovering around 6% and the emergence and spread of COVID-19 variants, many people are concerned that a recession is on the horizon. Savvy investors recognize, however, that during a recession, smart investing moves can lay the foundation for impressive gains over the long term, so let's take a look at several stocks that can fortify portfolios during an economic downturn: American Water Works (NYSE: AWK), Brookfield Renewable (NYSE: BEP) (NYSE: BEPC), and Franco-Nevada (NYSE: FNV).
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Source Fool.com
