Defensive Stocks Poised to Outperform in an Uncertain Economy
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Dollar General (DG) could benefit from consumers trading down to discount stores during an economic downturn. The stock has already fallen 33% over the past year.
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Casella Waste Systems (CWST) is in the essential waste management industry and likely to keep growing as society produces more waste.
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Sempra (SRE) and its San Diego utility has made huge profits while residents struggle with bills, but people will pay the “sunshine tax” to stay there.
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Pfizer (PFE) is well positioned with its COVID vaccine profits to develop new therapeutics, though the stock has already corrected significantly.
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Gold miner Newmont (NEM) could get a boost from the “fear trade” that lifts gold in uncertain times, while shares are already down 24% in 2022.