Recessions come in all shapes and sizes, so it's a good idea to think about buying stocks to deal with different types of recessions.
If you are worried about a deep and lasting recession, auto parts retailer O'Reilly Automotive (NASDAQ: ORLY) is a good place to start looking. Meanwhile, beverage-can maker Ball Corporation (NYSE: BLL) will thrive in a mild recession accompanied by a fall in raw material prices such as aluminum. Life sciences and diagnostics company Danaher (NYSE: DHR) could also do well in a recessionary environment where governments decide to support the economy with spending on healthcare.
Let's take a look at the investment case for all three.