And that can mean only one thing…
By most agreed-upon definitions, we’ve officially entered a recession.
To help us combat the inevitable recession woes, we wanted to revisit a State of the Market in which Chief Income Strategist Marc Lichtenfeld reveals three recession-proof stocks.
These stocks will fortify your portfolio for the rough months ahead.
First, Marc is bringing to the table a nearly inescapable U.S. retailer known as much for its strange clientele as its incredibly low costs.
And this retailer’s brand is built on moments like these – when the American consumer needs to cut costs here and there to stay afloat.
Second is a defense contractor whose earnings are projected to explode over the coming years as we face increasingly belligerent international relations.
It’s safe to say that defensive missile systems and other military deterrents are looking at increasing demand.
Third, Marc has a pharma giant with name-brand medicines to treat shingles, tetanus, hepatitis and more.
This pharma company not only can rely on the fact that its customers will need their medications come rain or shine, but also is looking at the possibility of a huge tailwind.