Is Hilton Stock Recession-Proof?
Unfortunately, the U.S. and other countries are in the midst of a recession. Of course, this entails job losses, with the weekly data showing more than 1 million people filing new unemployment claims for the past several months.
With COVID-19 forcing state and local governments to put restrictions in place, including on travel, this also isn't a typical recession. The second-quarter GDP reading confirms the severity, contracting nearly 33% on an annualized basis.
There are some companies whose results and stock prices can withstand or even do well in a weak economy. So, how can investors expect to fare by owning Hilton Hotels (NYSE: HLT) shares during the recession?
Source Fool.com
