3 Recession-Resistant Stocks to Weather Any Economic Storm: July 2024

InvestorPlace07-26

Allocating some of your portfolio to recession-resistant stocks helps you silence the noise. Exxon Mobil (XOM): The oil giant is properly valued when lower interest rates increase demand for oil. ...

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iconic retailer is proving the naysayers on stock splits wrong.  \nMcDonald’s (MCD): The sell-off in MCD stock looks overdone and likely to reverse as investors seek quality.  \n\n\n\n\n\n \n\nSource: DesignRage / Shutterstock\n\n\n\nThere’s a lot of noise competing for your attention and hard-earned capital. On the one hand, many investors believe the economy is ready to take off. However, many economic indicators continue to paint a mixed picture. That’s why many prudent investors will begin to look for recession-resistant stocks. But where should you be looking? \nQuarterly earnings will provide a key clue about the health of the consumer. As will future readings on inflation and the potential for an interest rate cut, perhaps as early as September. This could make consumer staples stocks stand out.  \nAnd you can’t discount the geopolitical instability that is likely to continue. Nor can you avoid hearing the speculation surrounding the outcome of the presidential election.  \nNone of this means a recession is guaranteed, and there’s no such thing as a truly recession-resistant stock if one does occur. But investors who want some measure of safety may start looking for blue-chip stocks that are defensive in nature. Here are three recession-resistant stocks that investors may want to consider.  \nExxon Mobil (XOM) \nSource: Jonathan Weiss / Shutterstock.comExxon Mobil (NYSE:XOM) is an integrated oil and gas giant that investors should be watching if the Federal Reserve lowers interest rates. The reason is that oil prices continue to hover around $80. That price is more than enough for Exxon Mobil to be profitable. But even a quarter-point cut in interest rates will likely send crude prices higher.\nMany investors may view XOM stock to be part of a “Trump trade.” But that would be a mistake. The world is making efforts to wean itself away from crude oil. At the same time, oil will continue to be in demand for decades to come. Both statements can be true. And that’s why a stock like Exxon is agnostic to politics.  \nIt’s also why it’s one of the recession-resistant stocks to buy. While it’s true that there has been some softness on the top and bottom lines from record highs in 2022, both are well above 2019 levels. It’s also fairly valued at around 13x forward earnings.  \nPlus, XOM stock has delivered a total return of 127.16% in the last three years. That’s due, in part, to a stable dividend that offers a 3.34% yield.   \nWalmart (WMT) \nSource: Roman Tiraspolsky / Shutterstock.comWalmart (NYSE:WMT) stock is up 34% in 2024. That’s a noticeable difference from the performance of many retail stocks. This comes after the company’s 3-for-1 stock split in early January. A stock split doesn’t change a company’s valuation. However, it frequently has a positive effect on investor sentiment. \nTo that end, one reason Walmart conducted the stock split was to make shares more accessible for its employees. While it’s too soon to know if that has occurred, other investors decided that the stock was offering value that was too good to pass up.  \nAnd in the case of Walmart, it has the revenue and earnings to back it up. Despite what were expected to be tough comparisons to 2023, Walmart has posted YOY gains on the top and bottom lines in its last two quarterly earnings reports. The company’s own forecasts are for sales and operating income to be at the high end or slightly above its guidance.  \nMcDonald’s (MCD) \nSource: Tama2u / ShutterstockThere’s been a lot of news regarding McDonald’s (NYSE:MCD) in 2024, and most of it hasn’t been great. The company is dealing with a stretched and stressed consumer which makes it hard to pass along prices. And it’s yet to be seen if the company’s $5 adult Happy Meal will put a smile on investors’ faces. \nPlus, the company is on the wrong end of the weight loss trade. With GLP-1 drugs increasing in popularity, it would seem that fast-food restaurants may be on the way out. Case in point, McDonald’s isn’t a highly shorted stock, but short interest has been higher than normal in the past year. \nThat being said, McDonald’s continues to deliver YOY beats on the top and bottom lines. That suggests that the stock price slump has been more a shot at the company’s valuation. And with the stock now trading at a much more attractive 21.4x forward earnings, now may be a good time to buy the dip on MCD stock. \nOn the date of publication, Chris Markoch had a LONG position in MCD. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. \nOn the date of publication, the responsible editor did not have (either directly orindirectly) any positions in the securities mentioned in this article.\nChris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.Consumer Staples, Food, Energy, Oil, Consumer Discretionary, Retail\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/3-recession-resistant-stocks-that-can-quiet-a-noisy-market/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Economic Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454310287"}