9 Recession-Proof Stocks

cheryl

I started this.
Staff member
9 Recession-Proof Stocks - Motley Fool

I'll be frank: Right now is a terrible time to let yourself get psyched out of the market, particularly out of high-quality businesses. Short-sighted, panicky investors are practically tripping all over themselves to sell shares of outstanding businesses: names like Paychex, UPS, and American Express. They are selling. You should be buying.
 

moreluck

golden ticket member
Here's what was mentioned in the article.......

"I'll be frank: Right now is a terrible time to let yourself get psyched out of the market, particularly out of high-quality businesses. Short-sighted, panicky investors are practically tripping all over themselves to sell shares of outstanding businesses: names like Paychex (Nasdaq: PAYX), UPS (NYSE: UPS), and American Express (NYSE: AXP). They are selling. You should be buying."
 
G

Greed

Guest
Blah...nothing is recession proof. We've had recessions based on a multitude of variables. Right now it's the sub-prime mess coupled with the housing bubble bursting and $144/barrel oil.

I do agree that some stocks have been beaten up a bit too much. If you look at "beta"/risk or a comparison between S&P500 dropping 13% YTD there are some good bargains out there for high quality stocks. At $58 a share, I'd say UPS is a pretty safe bet or even moreso...GE. GE has been obliterated and is down to $26 a share and could easily pop to $40+ in the next year (which would yield you a 54% return + a 4.5% div yield for a total return of 58.5%)

Just some food for thought.....however....the fed was thinking the recession would subside by Q3 & Q4 of this year...now it's looking like early to mid 2009 things may turn around.

Not a good time to sell, but a good time to buy....selectively. You should all be dollar-cost averaging!! Buy shares low now...and get more shares for your $.
 
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