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.