Stock Market Sell-Off: 2 Stocks to Buy as We Potentially Head Towards a Recession
The stock market has been selling off, and there is an increasing chance that the U.S. economy could be headed toward a recession. In fact, the Atlanta Federal Reserve is now predicting that Q1 gross domestic product (GDP) will decline by 2.1% after predicting a more than 2% gain in late February. Against that backdrop, let's look at two defensive stocks that could outperform the market in a recession.When it comes to buying stocks ahead of a recession, Walmart (NYSE: WMT) has proven to be at the top of the list. During the unusual Covid recession, when consumers were sheltering in place, the stock gained 2% compared to a 25% loss for the S&P 500 index. During the Great Recession back in 2008 to 2009, the stock rose 12%.Continue reading
The stock market has been selling off, and there is an increasing chance that the U.S. economy could be headed toward a recession. In fact, the Atlanta Federal Reserve is now predicting that Q1 gross domestic product (GDP) will decline by 2.1% after predicting a more than 2% gain in late February.
Against that backdrop, let's look at two defensive stocks that could outperform the market in a recession.
When it comes to buying stocks ahead of a recession, Walmart (NYSE: WMT) has proven to be at the top of the list. During the unusual Covid recession, when consumers were sheltering in place, the stock gained 2% compared to a 25% loss for the S&P 500 index. During the Great Recession back in 2008 to 2009, the stock rose 12%.
