Are There Any Safe Stocks to Buy?

International efforts to thwart the coronavirus pandemic are expected to push the global economy into a recession. The world is going to look a lot different on the other side.

Demand for petroleum products has fallen at least 30% from pre-pandemic levels, while prices have also been pressured by a price war between Saudi Arabia and Russia. Many global supply chains are likely to leave China for good, especially as the country struggles to restart its factories. The European Union as an entity is unlikely to survive the fiscal catastrophe wrought by the pandemic. The United States won't be spared entirely, but capital flight to the world's largest consumer-driven economy -- backed by a relatively healthy demographic profile among industrialized nations -- is sure to cushion the blow.  

While the worst is yet to come for the stock market (as earnings trickle in during the next two months) and the American economy (as government data are collected, compiled, and released in the time to come), investors with a long-term mindset can still find safe stocks to buy. For example, animal-health leader Zoetis (NYSE: ZTS) is relatively well-positioned to endure a prolonged period of uncertainty. Here's why the dividend stock is worth a closer look. 

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Source Fool.com