ABBV - 2 Steady Stocks to Buy in a Recession
Many economic analysts continue to predict that a recession will hit the U.S. economy sometime in 2023. Equity markets already experienced a downturn last year due partly to economic troubles, so the possibility of a recession seems even more daunting than it otherwise would be. However, there are ways for investors to prepare.
Some corporations can perform relatively well if the economy sinks even further. Buying shares of such companies can help investors strengthen their portfolios and make them recession proof, so to speak. Let's look at two stocks to buy if a recession hits this year: AbbVie (NYSE: ABBV) and Incyte (NASDAQ: INCY) .
AbbVie is one of the largest pharmaceutical companies in the world. It markets medicines in various areas, from immunology and oncology to neuroscience and aesthetics. Most of AbbVie's products are must-haves -- that is, patients won't be inclined to stop buying them even in a recession. That is especially the case for some of its most important products.
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2 Steady Stocks to Buy in a Recession