Stock market corrections can be challenging for investors. The uncertainty makes it tough to know if your stocks will make it through. That's why it's a good idea to make sure you own companies built to endure tough times.
We asked some of our contributors for their favorite stocks to own when times gets tough. Here's why they believe Dominion Energy (NYSE: D) , Nucor (NYSE: NUE) , and NextEra Energy (NYSE: NEE) are great to hold, and even add to, when the stock market gets turbulent.
Reuben Gregg Brewer (Dominion Energy): Once, many years ago, Dominion Energy was a widely diversified energy company, with oil drilling assets, a midstream business, and a utility all under one roof. In an effort to simplify its business, and minimize risk, it has pared its portfolio down to just utilities. This is a regulated business, in which Dominion has to justify its rates to regulators and, in exchange, is granted a monopoly in the areas where it operates.
For further details see:
3 Stocks to Hold Right Through the Next Market Downturn (and Maybe Even Add to)