2 Stocks to Own Even With a Possible Recession Looming
Depending on who you ask, or where you read your financial news, the chances of a recession in the U.S. during 2025 sits between 45% and 60%. Obviously, this will change how some people invest, at least temporarily. But here are two stocks that could be buying opportunities even in the face of a potential recession: Ferrari (NYSE: RACE) and BYD (OTC: BYDDY).Little did foreign automakers know decades ago, when they were forced to team up with domestic Chinese automakers to enter the market, that they would eventually be creating a monster. With foreign automakers to learn from, and a government subsidizing automakers with a focus on developing electric vehicle (EV) technology, Chinese automakers slowly but surely became arguably the most advanced and most affordable EVs on the planet -- and one auto shines above the rest, BYD.BYD already dominates China's new energy-vehicle (NEV) market, which includes hybrids as well as full battery-electric vehicles. It had nearly 30% market share in March, with the next closest competitor checking in at 11.2%. BYD is finding success beyond its home market, even without entering the U.S. market. In fact, BYD expects to double international sales in 2025 to roughly 800,000. Continue reading
Depending on who you ask, or where you read your financial news, the chances of a recession in the U.S. during 2025 sits between 45% and 60%. Obviously, this will change how some people invest, at least temporarily. But here are two stocks that could be buying opportunities even in the face of a potential recession: Ferrari (NYSE: RACE) and BYD (OTC: BYDDY).
Little did foreign automakers know decades ago, when they were forced to team up with domestic Chinese automakers to enter the market, that they would eventually be creating a monster. With foreign automakers to learn from, and a government subsidizing automakers with a focus on developing electric vehicle (EV) technology, Chinese automakers slowly but surely became arguably the most advanced and most affordable EVs on the planet -- and one auto shines above the rest, BYD.
BYD already dominates China's new energy-vehicle (NEV) market, which includes hybrids as well as full battery-electric vehicles. It had nearly 30% market share in March, with the next closest competitor checking in at 11.2%. BYD is finding success beyond its home market, even without entering the U.S. market. In fact, BYD expects to double international sales in 2025 to roughly 800,000.
