SJM - 3 Top Stocks to Recession-Proof Your Portfolio
If you're worried that a recession will threaten your stock portfolio, then now's a great time to get your ducks in a row. It would not be wise to make drastic changes to your allocation based on fear, but it's definitely smart to ensure that your holdings are perfectly aligned with your risk tolerance. It might be smart to rebalance a bit and move some higher-risk positions into recession-proof stocks that have more stable operations and dividends. These three stocks might be among your favorites in the next recession.
J.M. Smucker (NYSE: SJM) owns a number of famous food and consumer goods brands, including Folgers, Jif, and Milk-Bone. Growth investors might be horrified by the prospect of owning a company like this because there's just about no chance that it will expand rapidly. It has averaged around a 2% rate of sales growth over the past three years, and the outlook is mostly flat looking at the short to medium term. There's nothing terribly exciting about J.M. Smucker, but there's a great opportunity for stability through difficult economic times.
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3 Top Stocks to Recession-Proof Your Portfolio