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2 Recession-Resilient Stocks to Drive Your Portfolio
Depending on whom you ask or what financial institution you listen to, the current odds of a U.S. recession in the near term fall roughly between 45% to 60%. The probability has been on the rise of late thanks largely to increased trade policy uncertainty and a potential slowdown in global growth due to U.S. tariffs.That said, here are two recession-resilient stocks to keep on your radar and found in the unlikeliest of places: the auto industry.Ferrari (NYSE: RACE) is well-known for its racing heritage as well as its ultra-luxury vehicles, but it's not as well-known for its high-flying stock gains -- and that's a shame.Continue reading
Depending on whom you ask or what financial institution you listen to, the current odds of a U.S. recession in the near term fall roughly between 45% to 60%. The probability has been on the rise of late thanks largely to increased trade policy uncertainty and a potential slowdown in global growth due to U.S. tariffs.
That said, here are two recession-resilient stocks to keep on your radar and found in the unlikeliest of places: the auto industry.
Ferrari (NYSE: RACE) is well-known for its racing heritage as well as its ultra-luxury vehicles, but it's not as well-known for its high-flying stock gains -- and that's a shame.
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