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Based on current market trends, what is a good stock investment during a recession

Some good stock investments during a recession may include companies in essential industries such as healthcare, groceries, and utilities. Additionally, companies with strong financials and a history of stability may also be good choices. Some specific examples may include:

Procter & Gamble: This consumer goods company produces essential products such as hygiene and cleaning products, which tend to be in high demand during a recession.

Johnson & Johnson: This healthcare company produces a wide range of products including pharmaceuticals, medical devices, and consumer products. It has a strong financial position and a long history of stability.

Walmart: This retail giant has a strong track record of stability and is essential for many consumers during a recession as it offers low prices on a wide range of products.

Utility companies: Companies that provide essential services such as electricity, gas, and water tend to perform well during a recession as they provide necessary services that people cannot do without.

It is important to do thorough research and due diligence before investing in any stock, especially during a recession. It may also be wise to diversify your portfolio and consult with a financial advisor.

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Posted 2 years ago
Edited 2 years ago
Rish
430 × 6 Administrator
  
  

Concidering ChatGPT is trained wih ata lasting upto 2021 it will probably never give an accurate current advice.

Peter Lunk   2 years ago Report
  
  

Interesting in that you even got it to answer.

Sima Zhou   2 years ago Report
  
  

@Lunk true about accurate current advice but if the market is cyclical...

Sima Zhou   2 years ago Report
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