AWK - 3 Recession-Proof Stocks to Buy Now
A recession in the United States is likely within the next year or two, according to many economists.
Indeed, 74% of U.S. business economists surveyed last month by the National Association for Business Economics predict a recession by the end of 2021, with 40% of them projecting a recession will occur by the end of next year. Many economists believe the trade war with our largest trading partner, China, could be a major catalyst in pushing the economy into a recession.
If you're on board with this thinking, you might consider shifting your stock portfolio to a more defensive stance. Three great stocks that are recession-proof -- or at least highly recession-resistant -- are water utility leader American Water Works (NYSE: AWK), snack food maker J&J Snack Foods (NASDAQ: JJSF), and electric utility and renewable energy giant NextEra Energy (NYSE: NEE).