The recent volatility in the markets should serve as a reminder of how unstable things might be if a recession hits. It's important for investors to try to prepare themselves for less-than-ideal economic conditions. One way to do that is to invest in discount retailers that may see sales rise when consumers look for ways to reduce spending amid more challenging times.
Below are two stocks that stand out today as options for investors looking to go this route.
Dollar Tree (NASDAQ: DLTR) stock has just about doubled over the past five years, and business is still doing well, with the company recently announcing that it would be hiring over 25,000 associates in anticipation of the holiday season. With more than 15,000 locations in North America, Dollar Tree is a convenient, cost-effective choice for consumers. The company may not have generated a lot of growth recently, but revenue has been above $20 billion over the past three years and the company has been on the Fortune 500 list for 11 straight years. .