So since we’re in a recession it’s only right we talk about the best stocks to buy in a recession and some recession-proof stocks that I’m looking at right now. Let’s talk.
Recession-Proof Stocks to Buy
First of all, we have to look at companies that sell products that are essentials, that we need whether we’re in a recession or not, right?
Companies like Procter & Gamble (NYSE:PG). This company sells a bunch of household products like detergent, paper towels, you name it, toothpaste, things like that.
Discount stores are great too to look at, Dollar Tree (NASDAQ:DLTR), Dollar General (NYSE:DG), Ross Stores (NASDAQ:ROST), all the companies under the TJX umbrella.
These are companies that do well. Think of healthcare. Think of pharmaceutical companies. People are going to need these products whether or not we’re in a recession.
Another strong company worth looking at is McDonald’s (NYSE:MCD). I’m not sure if you guys knew this, but back in the 2008 great financial crisis McDonald’s held up pretty well when the S&P 500 dropped I think over 40%.
So what do you guys think? Let me know your thoughts. Make sure to follow along for more.