This has not been an easy year for Wall Street. Despite the fact that tech stocks are on fire and the Nasdaq Composite has hit more than two dozen new all-time highs in 2020, the benchmark S&P 500 collapsed 34% in a matter of 33 calendar days during the first quarter, and most non-FAANG stocks have struggled to get back to their starting point for the year.
Worse yet, the coronavirus disease 2019 (COVID-19) pandemic has put an official end to the longest economic expansion in U.S. history. With second-quarter gross domestic product likely to come in at a decline of more than 30%, the U.S. has, without question, entered a recession.
However, periods of recession don't mean investors should run and hide. Rather, it simply means that investors should be more mindful when picking out businesses to invest in. Here are four such instances of must-own recession stocks.