Are you worried about a recession destroying your portfolio? In times of turmoil, people worry about their investments, money, and their financial futures.
The emergence of e-commerce has helped many industries thrive during the Covid-19 pandemic, which is something to consider with companies.
Here is a list of 13 recession-proof stocks that will keep going.
When a recession hits, Walmart tends to do better. This is because their prices are low and therefore people would prefer to shop there. It saves them money, and they leave happy to be on a budget.
Target, like Walmart, beat the recession of 2008, and now they have put in the work into their online presence as well. They invested in their online sales.
During the pandemic, one item that took off was cocktail mixers. As people were stuck at home, they no longer could go to bars. So the cocktail mixers sold by Pepsi Co. rose by 36% in 2020 alone.
Due to recessions, people are more likely to start doing more DIY projects at home. Lowes is a company that people began to flock to for doing home improvement projects.
In 2008, McDonald’s opened up 600 new restaurants. As a result, the sales of their products were higher in 2008 than they were in 2006 and 2007. This makes them a great company to hold to when things get nasty in the economy.