In This Recession, These 5 Stocks Are My Highest-Conviction Holdings
Stocks may be well up from their March lows, and in many cases are trading at record highs. The fact of the matter is, however, we're in a recession. The second quarter's GDP contraction is on the order of 30%, and while unemployment has somewhat pulled back from its April surge, the nation's unemployment rate remains at an uncomfortably high 10.2%.
That doesn't necessarily mean stocks are doomed, though. It simply means investors would be wise to consider the macroeconomic environment and apply a little strategy. Some companies will hold up against the recession headwind, and others may actually thrive because of it.
Here are five stocks that are still perfectly fine to own despite the recessionary backdrop we find ourselves in right now.
Source Fool.com
