With uncertain times ahead, a move to defensive companies is the way to go from here. Companies that are defensive in nature are necessities regardless of where the economy is going. People need them no matter what is happening. Therefore, the share price of the company would continue to do well even in uncertain times like now.
For example, companies like Proctor and Gamble(PG), Johnson and Johnson (J&J) and Coca Cola (KO), all have been steadily going up these past few weeks. Why is that the case? It is because these companies provide goods and services that people need regardless of whether there is a recession or an inflationary period.
So, although the mega cap stocks like those in the technology sector falling from the all time highs, there are gems in this current market situation that are shining even during a recession or economic downturn.
What are some companies that you are keeping your eye on?
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