“During times of inflation, utility stocks become a great investment option,” Riggs Eckelberry, the founder and CEO of Florida-based OriginClear, told The Post.STRANGER THINGS. “Just make sure you scale in little by little and don’t fire all your ammo at once,” he said. Investors are also encouraged to “buy the dip” on tech stocks like Airbnb. He mentioned Airbnb, Netflix, and the pharmaceutical research firm AbbVie. Josh Answers, the host of the online show The Trading Fraternity, told The Post that he favors “blue chip tech stocks that are offering some great discounts right now.” Netflix, Airbnb and pharma That’s why he is recommending defensive firms such as Procter & Gamble - the maker of Tide and Pampers - as well as Kraft Heinz, United Health Group, Coca Cola, and CVS Health. “People need to eat, brush their teeth, and heat their homes whether the economy is strong or weak.” Kraft Heinz, the maker of Heinz ketchup, is also an attractive stock to some.
“Food and beverages, household and personal care products, energy, and utilities are noncyclical or defensive in nature,” Johnson told The Post. Johnson, the CEO of New York City-based Economic Index Associates, thinks investors should opt for “defensive sectors whose firms are less dependent upon the business cycle.” Shares of Netflix could be bought for bargain basement rates, according to analysts. In the summer of 2017, it traded at an all-time high of more than $76 per share. Galstyan said that Altria is an attractive option because it has “continually increased its pricing, cut costs, and repurchased shares to increase its earnings per share.”Īltria closed at $43.86 per share on Friday. “Altria is the perfect stock to hold throughout a recession due to its stability,” he said. Galstyan also recommends Marlboro’s parent company, Altria, which is a surprise in light of statistics which show that fewer Americans are smoking. “And whether they’re visiting the store or shopping on Walmart’s developing e-commerce website, they might also purchase some additional luxuries.” One expert told The Post that investors should look into “defensive stocks” like Coca Cola. “People frequently need to buy things like bread, toothpaste, pet food, and other basics,” he said. Galstyan said that rising inflation will deter people from shopping at high-end stores, but Walmart is an attractive option because there will always be demand for bare necessities. “That’s because the focus of its businesses is on providing consumers with affordable access to necessities like food and personal care products.”
“Walmart may be the most recession-proof company ever,” Levon Galstyan, an accountant with the Jersey City-based law firm Oak View Law Group, told The Post. The US economy may be in a recession, but experts told The Post that those looking to invest can still turn a profit with low-risk assets.īut which stocks should investors look into during an economic downturn?Īnalysts told The Post that blue-chip stocks could be had at a relative bargain. Nearly 20% of Congress trades stocks that present conflicts of interest: report MSNBC’s Stephanie Ruhle slams Pelosi over stalled Congress stock trading ban: ‘You can’t blame Republicans’ ‘Hard to be celebratory’: CNN cuts away from Biden inflation reduction party as stocks plunge This is how many billions Jeff Bezos, Elon Musk and Mark Zuckerberg lost after market rout
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