HESAY - Why Ferrari Hermès and Coca-Cola Are No-Brainer Buys Right Now
2023-04-18 05:12:00 ET
It's tempting to avoid stocks in this bear market while interest rates remain elevated, especially when investors can easily get 3% to 5% guaranteed returns on CDs and Treasury bills. But those yields won't help you consistently beat inflation, and you could miss out on some massive gains when a new bull market finally starts.
Instead of shunning all stocks, investors should seek out companies that are well insulated from the macro headwinds by wide moats and evergreen brands. I believe these three resilient stocks -- Ferrari (NYSE: RACE) , Hermès International (OTC: HESAY) , and Coca-Cola (NYSE: KO) -- tick all the right boxes.
Image source: Ferrari.
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Why Ferrari, Hermès, and Coca-Cola Are No-Brainer Buys Right Now