AXSM - 3 High-Flying Stocks to Buy and Hold If a Recession Is on the Way
Citigroup CEO Jane Fraser expects a recession in 2023. So does JPMorgan Chase CEO Jamie Dimon. Even Treasury Secretary Janet Yellen recently acknowledged that there's a real risk of a U.S. recession next year.
Such concerns could be overblown. Then again, maybe they're not. What should investors do? You don't have to avoid stocks altogether. Here are three high-flying stocks to buy and hold if a recession is on the way.
Biotech stocks often soar, regardless of what's going on with the economy. Axsome Therapeutics (NASDAQ: AXSM) is a great case in point. Its share price has more than doubled this year, with most of the gain coming in the fourth quarter.
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3 High-Flying Stocks to Buy and Hold If a Recession Is on the Way