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Recession-Proof Stocks: Weekly Stock Chart Challenge (July 15-17)
According to MorningStar, Recession-resistant stocks are stocks of companies whose products and services consumers will continue to purchase no matter the economic climate. In a slowing economy, consumers will generally still fill their prescriptions, seek medical care, practice good hygiene, and enjoy their favorite beverages and snacks. They’ll also continue to pay for running water, electricity, and gas to heat their homes.
The company was founded in 1886 and is headquartered all over the world. It has more than 200 master brands and an extensive global distribution system. Its products account for more than 40% of the U.S. market and are considered addictive by its consumers. The company planned price hikes as inflation went on, and the demand was still stable in Q1.
The company is the world's largest tobacco company. Throughout the past decades, tobacco stocks were among the best return on invested capital, benefiting from an addictive, above-average profit margin, recession-proof product, but facing continuous ethical and regulatory headwinds. The company is building its future by replacing cigarettes with smoke-free products.
The company is the world's largest healthcare and consumer care products company. It has offices in more than 60 countries and has been ranked among the top 10 most admired companies in the U.S. It has partnered with BARDA to develop the covid-19 vaccine.
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