If There's Such a Thing as a Recession-Resistant Stock, This Is It
When the economy stalls, this road-ready retailer can show up for investors with jumper cables and a quart of motor oil.
Since the dawn of the financial markets, investors have been on a mythical quest for a stock that can weather any storm, delivering solid returns in boom times and busts.
If such a stock exists, you won't find it in some high-flying tech portfolio. The ultimate recession-resistant stock might be this blue-collar overachiever that keeps grinding out strong results in good times, bad times, and every pit stop in between.
You don't have to be a car enthusiast to hear the phrase "get in the zone" and complete it in your head. AutoZone (NYSE: AZO) -- a leading national auto parts retailer -- enjoys strong brand recognition thanks partly to its catchy, ubiquitous jingle. But among automotive repair technicians and DIYers, AutoZone is best-known as a trusted source of replacement parts and advice.
