Economists continue to signal that a recession might be on the way. We don't seem to be there yet, but high inflation and interest rates are slowing down the economy. Whether or not a technical recession happens, it's important to have a diversified portfolio with some recession-proof stocks so you're ready for any economic outcome.

If you're looking for some shares to beef up your holdings now -- ones that you can hold on to for long-term benefit -- consider buying Costco Wholesale (NASDAQ: COST) and TJX Companies (NYSE: TJX).

When the economy is tight and shoppers are watching their wallets, Costco's prices become a shopping magnet. In any environment, Costco's model revolves around offering low prices, with just a slight markup to cover product costs and expenses, while taking in profits from membership fees.

Continue reading

Source Fool.com