WMT - Market Crash 2.0: 2 Stocks to Buy Right Now to Keep Your Portfolio Safe
The last time there was a market crash, it was COVID-19-related concerns that sent investors into a panic. While the markets have recovered since then, amidst uncertainty about the strength of the economy and the possibility of a second coronavirus wave, the feeling is that another crash is coming.
On Aug. 28, research company Ipsos released data in its What Worries the World study, and the coronavirus was still the top concern for Americans, with 55% saying it was weighing on their minds -- up from 50% the month before. And 74% of Americans don't believe the country is on the right track, which is nine points higher than when Ipsos asked the question in June. Those feelings alone have the ability to wreak havoc on businesses and the overall market.
The fear that is plaguing the U.S. and other countries around the world could trigger another crash. That's why it's more important than ever to stabilize your portfolio and establish a foothold in some safe stocks. Two great stocks that can help you do just that are CVS Health (NYSE: CVS) and Walmart (NYSE: WMT). Here's why they are both buys today.